Roads articles

KoPT allocates Rs 45 crore to upgrade roads in port area

The Kolkata Port Trust (KoPT) has allocated Rs 45 crore for three years, starting from 2015, for the development of city roads that fall under its jurisdiction. In the current financial year, the KoPT was planning to take up the repair and renovation work of a 10-km stretch, covering Transport Depot Road, Oil Installation Road,

Kerala to raise Rs 10,000 cr from NRKs to fund 2 highways

The Pinarayi Vijayan-led Left Front government in Kerala is tapping the cash-rich expats from the state to mop up Rs 10,000 crore to finance major infrastructure projects by launching an NRK bond called ‘Pravasi Chitti’ (chits for the expats). The chits will be launched by the Kerala State Financial Services Enterprises (KSFE), a wholly-owned non-banking

India, EU stress for connectivity initiatives based on international norms

India and the European Union (EU) today emphasised that connectivity initiatives must be based on universally recognised international norms, transparency and equality, seen as an apparent reference to China’s OBOR project. Prime Minister Narendra Modi after a meeting with Donald Tusk, the president of the European Council, and Jean Claude Juncker, the president of the

Cabinet approves development of six laning of Narasannapeta-Ranastalam section of NH16 in AP

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its approval for development of six laning of Narasannapeta-Ranastalam section of National Highway (NH) – 16 (old NH-5) in Andhra Pradesh. The cost is estimated to be Rs.1423 crore including cost of land acquisition, resettlement and rehabilitation and other

Bharat Road IPO price band at Rs 195-205; eyes Rs 600 cr

Bharat Road Network, a Srei Infrastructure Finance initiative, today fixed a price band of Rs 195-205 per equity share for its initial public offer through which it aims to raise Rs 600 crore. The IPO will open for public subscription from September 6-8. The company said in a statement that it “will be launching its

No new roads until clearance secured for all due projects: Nitin Gadkari

New road projects will be launched only after securing all due clearances so that they are not held up, Union Road Transport and Shipping Minister Nitin Gadkari said here on Tuesday. “Infrastructure projects will not get stuck now as all future road projects will be inaugurated only after getting all due clearances first such as

Government may seek bigwigs’ support for 65-km peripheral ring road project

With state elections less than a year away, the 65-km peripheral ring road (PRR) project may see some momentum. The Bangalore Development Authority (BDA) is planning to give some shape to the special purpose vehicle (SPV) created to implement the project, where the BDA and the Karnataka Urban Infrastructure Development & Finance Corporation (KUIDFC) have

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