More than 4,000 people in 24 remote villages in Arunachal Pradesh’s Lower Siang district would get a proper road connectivity for the first time within a few months, an organisation which is spearheading the campaign for the construction of the road claimed Monday. The residents of 24 notified villages in remote Kangku circle of the […]
Category: Roads
Roads
Delhi-Mumbai expressway on fast track: Haryana land acquisition completed; soon travel in just 12 hours!
The Delhi-Mumbai expressway project has now gained momentum as the acquisition of land in Haryana, altogether 80 km, has been completed. This means that the final construction work of the expressway is likely to start soon! According to a TOI report, the bidding process is currently on and the acquisition of land is ongoing in […]
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 […]
Varanasi: PM Narendra Modi to inaugurate Ring road, Babatpur Airport road
Varanasi to get a national highway boost! On November 12, two national highways at a total length of 34 kilometres and constructed at a cost of Rs 1,571.95 crore will be inaugurated by Prime Minister Narendra Modi in Varanasi. The Varanasi Ring Road Phase-I, covering a distance of 16.55 km has been completed at a […]
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 […]