Zipping down the swanky six-lane Agra-Lucknow Expressway will come at a price from mid-night on Friday as vehicles using the route will have to pay toll tax.
The government is planning to build ring roads in the country’s 28 major cities at an estimated cost of Rs 362.9 billion, Union Minister Nitin Gadkari said.
The first batch of highway monetisation projects might find it difficult to raise funds, as they face refinancing risk due to their longer-term contract, India Ratings and Research said in its report.
Major projects entailing an investment of Rs 319.3 billion are in the pipeline to decongest the national capital, including the development of the Dwarka Expressway at a cost of Rs 60 billion, Union minister Nitin Gadkari said.
Chinese road-building teams entered around one kilometre inside Indian territory in Tuting area of Arunachal Pradesh last week but returned after being confronted by Indian troops, government sources said today.
A consortium led by top lender State Bank of India (SBI) will extend a credit line of Rs 150 billion to Yogi Adityanath government’s first mega infrastructure project, Purvanchal Expressway.
The ministries of road transport and highways, and shipping have BJP strongman Nitin Gadkari at its helm. The two ministries saw a host of announcements in 2017. But delivery of these is crucial for economic growth to pick up, as the ruling alliance enters the last year of its tenure in 2018. Megha Manchanda does…
IL&FS Transportation Networks on Friday said its joint venture firm, Jorabat Shillong Expressway Ltd, has re-financed debts amounting to Rs 883 crore through issuance of non-convertible debentures (NCDs).
Pakistan’s Interior Minister Ahsan Iqbal has alleged that “conspiracies” are being hatched by India against the ambitious China-Pakistan Economic Corridor (CPEC), and they would be foiled, a media report said.
The Lajpat Nagar Flyover – between Ashram and Moolchand in south Delhi – has developed an opening of nearly eight inches, raising safety concerns for hundreds of commutters taking the stretch daily.