Total value of asset monetisation in national highways hits Rs 1 trn mark

The total value of asset monetisation in national highways crossed the Rs 1 trillion mark on Thursday after the National Highways Authority of India (NHAI) raised Rs 15,624 crore in the third round offering for its infrastructure investment trust (InvIT), the highway authority said. This is the highest value realised in a single InvIT round […]

Nitin Gadkari approves Rs 3,890.45 cr for NH-913 construction in Arunachal

Union Minister of Road Transport & Highways Nitin Gadkari has approved the construction of three sections worth Rs 3,890.45 crore of the National Highway 913 (Frontier Highway) in Arunachal Pradesh. This includes the construction of the Lada-Sarli section, Sarli-Huri section, and Kharsang-Miao-Vijaynagar – Gandhigram section, which together span 202.14 km. The minister approved the construction […]

L&T fined Rs 500 cr over Pragati Maidan Tunnel, company files counter claim

The six-lane, multi-crore Pragati Maidan Tunnel project is a “potential threat to the life of passengers’ due to water seepage, poor drainage and large cracks, the Public Works Department (PWD) has said in a notice, as reported by The Indian Express (IE). The department has also asked construction major L&T, which executed the project, to […]

L&T wins contract for Assam bridge, to boost link to textile hub Sualkuchi

The construction arm of Larsen & Toubro Limited (L&T) bagged a contract by the Assam government to build a 12.21 kilometres long bridge connecting Palashbari and Sualkuchi towns in the northeastern state, the Indian multinational conglomerate said on Tuesday. The contract was awarded by the Public Works Roads Department, Assam, to construct the ‘cable-stayed bridge’ […]

Road, air traffic affected by snowfall in Kashmir, avalanche warning issued

Snowfall across the Kashmir Valley affected normal life on Sunday with all flights cancelled at Srinagar airport, officials said. The plains of Kashmir saw moderate snowfall, while heavy snowfall has been reported in the higher reaches, they said. Authorities are clearing snow from roads so that vehicular movement is possible, they said. But traffic movement […]

PM Narendra Modi to unveil projects worth Rs 68,400 crore in Odisha

Prime Minister Narendra Modi will arrive in Odisha on Saturday afternoon to unveil projects worth Rs 68,400 crore in the state, including the new campus of IIM-Sambalpur, officials said. The prime minister will reach the Jharsuguda airport around 1 pm, and head to the IIM-Sambalpur campus where CM Naveen Patnaik, Governor Raghubar Das and Union […]

PM Modi unveils development projects worth Rs 11,600 cr in Assam

Prime Minister Narendra Modi on Sunday rolled out development projects worth Rs 11,600 crore in Assam. The infrastructure projects, some funded by the state government and some by the Centre, were unveiled at a function at the Veterinary College Playground in Khanapara in Guwahati. Some of the major projects for which foundation stones were laid […]

Share of rural roads in total spends likely to fall further, shows data

A lower proportion of money spent on building India’s roads is going towards constructing rural ones. The share is likely to slip below 5 per cent in the coming years, according to rating agency CRISIL’s projections, which are based on Interim Budget documents, and have been shared with Business Standard. Provisional numbers suggest a 6.45 […]

Gadkari inaugurates 3 road overbridges in Lakhimpur Kheri to reduce traffic

Union Minister Nitin Gadkari on Sunday inaugurated three road overbridges in Lakhimpur Kheri through video-conferencing and said this will ease traffic congestion and add to the convenience of people. These overbridges have been built at Chhouch crossing, LRP crossing and Rajapur crossing on the Pilibhit-Basti national highway at a cost of Rs 297 crore. Virtually […]

Jammu-Srinagar national highway remains closes, 400 vehicles stranded

The arterial Jammu-Srinagar national highway remained closed for the second day on Friday due to landslip at various places, officials said. Authorities were trying to clear the landslip debris and restore the traffic on the road connecting Kashmir to rest of the country. More than 400 vehicles are stranded at various places along the highway, […]