The state irrigation department will construct a five-kilometre parallel road from Jubilee Park to Balapara in order to ease traffic congestion in Jalpaiguri town.
Infrastructure Leasing & Financial Services Ltd (IL&FS) on Monday announced that it has started the process of selling certain assets as part of its turnaround plan.
The Bengal government has cleared the decks for awarding the contract for reconstruction of the Majerhat bridge, which had collapsed on September 4, to a Delhi-based company, the sole firm that had participated in the bidding for the project.
The recent collapse of three bridges has triggered a series of tests on New Town’s Kolkata Gate to check its strength and structural rigidity.
The Balangir Action Committee on Monday took up the issue of a bypass road with the district collector after a home guard was killed when he was run over by a tanker on Kalamandal Road in the town on Sunday night.
The Mamata Banerjee government will not set any upper limit on the cost of rebuilding the Majerhat bridge in tenders likely to be floated next week.
Traffic snarl has become a routine affair at Khandagiri junction, which houses prominent tourist spots Khandagiri and Udaygiri hills, institutes such as the ITER and residential colonies such as Jagamara and Pokhariput, in the city.
The civic body appears to have understood that implementation of a scheme and its proper maintenance should go hand in hand to make a project successful.
New Delhi/Mumbai: The Union government’s move to take control of debt-laden Infrastructure Leasing & Financial Services (IL&FS) will succeed only if lenders agree to take substantial losses, government sources familiar with the discussions told Reuters.
Troubled shadow bank lender IL&FS’s even more troubled arm — IL&FS Engineering — owes creditors Rs 2,967.59 crore despite having a paid-up capital of just Rs 131 crore, which means it has an unbelievably unviable debt-to-equity ratio of 22.6:1, which means it has borrowed Rs 22 for every rupee it has of its own funds.