Roads articles

PM inaugurates KMP expressway, Ballabhgarh-Mujesar Metro rail link

Prime Minister Narendra Modi on Monday inaugurated the Kundli-Manesar section of the Kundli-Manesar-Palwal (KMP) western peripheral expressway. He also inaugurated the 3.2 km-long Ballabhgarh-Mujesar Metro rail link, which would facilitate travel for people of Delhi and Faridabad, and laid the foundation stone of the Shri Vishwakarma Skill University, which will come up at Dudhola in

India to build projects worth Rs 250 bn along China border in AP, Sikkim

India will go ahead with the construction of much-required strategic roads and permanent integrated buildings along the Indo-China border in Arunachal Pradesh and Sikkim as part of a critical infrastructure project worth Rs 250 billion. The crucial decision, approved by the High Level Empowered Committee (HLEC) headed by Home Minister Rajnath Singh, is slated to

RInfra Q2 net profit slips 49% to Rs 277 crore

Anil Ambani-led Reliance Infrastructure (RInfra) has posted a 49 per cent decline in its consolidated net profit to Rs 277.19 crore for the quarter ended September 2018. The company had posted a consolidated net profit of Rs 543.8 crore in the year-ago period, RInfra had said in a filing to the BSE on Wednesday. However,

NHAI to get Rs 10,000 cr in 2nd round of TOT highways: Gadkari

Overwhelmed with the response for the first tranche of highway projects under the toll-operate-transfer (TOT) model, union minister for roads and highways Nitin Gadkari Thursday said he expects the second tranche to fetch over Rs 10,000 crore. The maiden bundle of nine highway projects under TOT was a huge success, which was over subscribed and

PM Narendra Modi’s infra development vision to play catalytic role in overall economic growth: Assocham

Lauding PM Modi for launching landmark projects in Varanasi, industry body Assocham said expanding investment in infrastructure will generate jobs, promote tourism and play catalytic role in overall growth and development of Indian economy. Assocham secretary general Uday Kumar Varma Wednesday said the government’s vision for new and improved infrastructure that can serve the nation

Myanmar land issues come in way of Rs 11.77-billion friendship highway

Trilateral highway connectivity between India, Myanmar and Thailand has hit a roadblock as hurdles in land acquisition in most parts of Myanmar have hampered the construction of roads and 71 bridges. The project seeks to connect India with Myanmar and onwards to Thailand and will be its gateway to ASEAN (Association of Southeast Asian Nations).

IL&FS to withdraw plea by previous board seeking restructuring option

An earlier plea moved by the beleaguered Infrastructure Leasing and Financial Services (IL&FS) for restructuring under the Companies Act will be withdrawn in the coming days. On Wednesday, the National Company Law Tribunal (NCLT) in Mumbai granted permission to IL&FS to withdraw its petition moved under Section 230 of the Companies Act on September 25.

India will need USD 4.5 trillion till 2040 for infra development: Kant

India will need around USD 4.5 trillion till 2040 for development of infrastructure sector in the country, Niti Aayog CEO Amitabh Kant said Wednesday. Kant further said that there is an urgent need to restructure entire existing public private partnership (PPP) framework as there are delays in completion of infrastructure projects due to disputes. “India

IL&FS crisis may sound death knell for PPP

The default crisis that has struck IL&FS, flagbearer of the public-private partnership (PPP) programme, may be the last straw for this once-promising avenue of infrastructure development, experts and executives said, adding that the government will have to take over that role once more. The private sector’s enthusiasm for investment in infrastructure has in any case