Pakistan Prime Minister Shahbaz Sharif on Wednesday invited Turkey to join the ambitious China-Pakistan Economic Corridor (CPEC), turning it into a trilateral arrangement so that all three friendly nations could benefit from its potential. Sharif made the remarks at the launch ceremony of a fourth MILGEM class corvette warship PNS Tariq, which was inducted into […]
Category: Roads
Barrier-less toll system to be rolled out soon: Union minister V K Singh
Commuters may no longer need to wait for even half a minute at toll booths with the government planning to roll out a barrier-less tolling system soon. Trials are on for a barrier-less tolling system and “as soon as our trials succeed, we will roll it out,” Minister of State (MoS) for Road Transport and […]
SBI’s infra bonds: Should retail investors opt for such investments?
State Bank of India (SBI) has raised Rs 10,000 crore at a coupon rate of 7.54% through its third infrastructure bond issuance. The bidding was held on Monday. The yield was lower than the 7.7 per cent for infrastructure bonds issued by the bank in January. The number of bids received was 115, indicating wide […]
China will always stand firmly with Pakistan: Xi hails role of CPEC
President Xi Jinping has sought to project an upbeat picture of the impact of the CPEC projects in Pakistan, saying the China-funded venture is a vivid testament to their “ironclad friendship” and vowed to stand firmly with its all-weather ally. China will continue to work with Pakistan to take their strategic ties to new heights, […]
China to work with Pakistan to build CPEC into ‘exemplary project’: Xi
Chinese President Xi Jinping said on Monday that China will work with Pakistan for high-standard, sustainable, and livelihood-enhancing outcomes and further build the China-Pakistan Economic Corridor (CPEC) into an exemplary project of high-quality Belt and Road cooperation, Xinhua reported. Xi made the remarks in a congratulatory message to the Decade of China-Pakistan Economic Corridor celebration […]
SBI’s infra bonds: Should retail investors opt for such investments?
State Bank of India (SBI) has raised Rs 10,000 crore at a coupon rate of 7.54% through its third infrastructure bond issuance. The bidding was held on Monday. The yield was lower than the 7.7 per cent for infrastructure bonds issued by the bank in January. The number of bids received was 115, indicating wide […]
17 dead as crane falls on bridge at Samruddhi Expressway construction site
Seventeen workers were killed and three injured as a crane fell on a bridge slab during construction of the third phase of Samruddhi Expressway in Maharashtra’s Thane district on Tuesday, an official said. A few persons are still feared trapped and efforts are on to rescue them, an NDRF official said. Three persons were injured […]
Shimla’s ex-Dy Mayor files FIR against NHAI, road building company GR Infra
Environmentalist, social activist and former Deputy Mayor of Shimla Municipal Corporation Tikender Singh Panwar has filed an FIR against the National Highway Authority of India (NHAI) and the four-lane building company GR Infra in Parwanoon Police station of Solan district of the state. A case has been registered for unscientific construction and violating the norms […]
Centre sanctions upgradation of 91 roads, 30 bridges in Arunachal: Rijiju
Union Minister Kiren Rijiju on Sunday said the Centre has sanctioned the upgradation of 91 roads covering a length of 720.75 kilometres and 30 long-span bridges in Arunachal Pradesh under the Pradhan Mantri Gram Sadak Yojana. In a statement, Rijiju, the minister of earth sciences, said the total estimated cost of these projects is Rs […]
Badrinath Highway blocked in Chamoli district as stones roll off hill
Traffic movement on the Badrinath Highway was blocked as stones rolled off the hill near Baba Ashram Karnprayag in Uttarakhand’s Chamoli district, officials informed on Sunday. According to Chamoli Police, traffic movement was temporarily suspended on the route after stones slipped down the hill in Karnprayag town of Chamoli district. Earlier, on Saturday, a portion […]
Monsoon affects tourism industry in HP, Dharamshala-McLeodganj NH damaged
The tourism industry in Himachal Pradesh has been badly hit due to heavy rains this year. The National Highway from Dharamshala to Mcleodganj is severely damaged in several places. A loss of more than Rs 6 crore has been estimated due to rains in Dharamshala only which may increase further as reports are yet to […]
CM Siddaramaiah to meet Nitin Gadkari regarding Bengaluru-Mysuru Expressway
With accidents on rise on the Bengaluru-Mysuru Expressway, Karnataka Chief Minister Siddaramaiah on Saturday said he would meet Union Minister for Road Transport and Highways Nitin Gadkari and point out the flaws on the expressway and changes to be made. Speaking to reporters after inspecting accident-prone areas of the Expressway near Mandya, Siddaramaiah accused the […]