The average annual budgetary allocation of the Ministry of Road Transport & Highways (MoRTH) has increased by 940 per cent from Rs 25,872 crore per year during 2009-14 to Rs 2.7 trillion during 2023-24, the ministry said in a press release. The press release stated that the length of national highways (NHs) with four lanes […]
Category: Roads
Silkyara tunnel: Consultant report classifies rocks as ‘poor to very good’
The geological report prepared before the commencement of the Silkyara-Barkot tunnel project showed that the rock classification of the tunnel’s alignment ranges from poor to very good, the government said on Wednesday. A total of 41 workers were trapped after a portion of the under construction tunnel collapsed on November 12 and the workers were […]
Uttarakhand tunnel collapse: Authorities said no to alternate rescue tunnel
In November this year, 41 construction workers were left trapped in the Silkyara-Barkot tunnel after a part of it collapsed. They were rescued after 17 days. However, a report released on Wednesday said that the authorities had ruled out an option of a separate escape tunnel owing to a rise in construction time and cost, […]
Morbi bridge collapse: HC rejects bail plea of Oreva Group CMD Patel
The Gujarat High Court on Tuesday rejected the bail application of Oreva Group CMD Jaysukh Patel, the main accused in the October 2022 Morbi suspension bridge collapse that killed 135 persons. Dismissing Patel’s bail plea, the court of Justice Divyesh Joshi observed that prima facie it appears that the accused allowed the suspension bridge to […]
Capex on national highways rose to Rs 2.4 trl in 2022-23: Nitin Gadkari
Union Minister of Road Transport and Highways (MoRTH) Nitin Gadkari said on Wednesday that capital expenditure on National Highways (NHs) has risen from Rs 51,000 crore in 2013-14 to more than Rs 2.4 trillion in 2022-23. The ministry said that the budgetary allocation for the ministry has risen to Rs 2.7 trillion in 2023-24 from […]
Air passenger traffic continues to grow, reaches 98.2% of pre-Covid levels
Global air passenger traffic continued to grow in October 2023, with the total traffic reaching 98.2 per cent of pre-Covid levels, The Hindu Businessline (HBL) reported, citing data from the International Air Transport Association (IATA), which is an association of airlines across the world. Airline traffic is measured in revenue passenger kilometres or RPKs. The […]
MoRTH aims to halve road accidents and casualties by 2030: Gadkari
The government aims to halve the number of road accidents and resultant deaths by 2030, revising its earlier target of achieving the same in 2024, with Union Minister Nitin Gadkari on Monday saying that despite best efforts he has not got the desired results on reducing accidents. Earlier in September 2022, the road transport and […]
Speed limit on Yamuna E-way to be reduced to 75 kmph next week; here’s why
Yamuna Expressway Industrial Development Authority (YEIDA) has decided to reduce the speed limit on the Yamuna Expressway to 75 kmph starting next week, according to a report published in HTAuto. The new speed limit will come into force from December 15. The speed limit will apply to all vehicles, which is about 25 kmph less […]
IRB Infra surges 7%; hits new high on healthy toll collection in November
Shares of IRB Infrastructure hit a new high of Rs 40.95, as they surged 7 per cent on the BSE in Friday’s intra-day trade backed by heavy volumes after the company and the IRB Infrastructure Trust (Private InvIT), collectively recorded 20 per cent year-on-year rise in toll collection at Rs 437 crore in the month […]
Govt sanctions Rs 626 cr to build strategically important road in Arunachal
The Centre has sanctioned Rs 625.61 crore for the construction of a strategically important road in Shi-Yomi district of Arunachal Pradesh. The 53.04-km Tato-Monigong Road will ensure all-weather connectivity to the India-China border and ensure socio-economic development in the region. Taking to X, Union Road Transport and Highways Minister Nitin Gadkari said, “In Arunachal Pradesh, […]
Italy road and airport operator Mundys explores India, Australia expansion
Italian infrastructure group Mundys aims to strengthen its toll roads presence in the United States, Chile and Europe and is exploring expansion in India and Australia, its CEO said. Mundys, which is controlled by the Benetton family’s holding company Edizione and was previously known as Atlantia, operates motorways, mainly through Spanish toll road group Abertis, […]
Italy drops out of China Belt and Road initiative that failed to deliver
Italy has formally withdrawn from China’s global Belt and Road initiative that seeks to deepen relations with foreign countries through infrastructure investments, Italian media reported on Wednesday. Italian Premier Giorgia Meloni had previously signalled Italy’s intention to withdraw from the agreement, which was up for renewal. The Milan newspaper Corriere della Sera reported that a […]