Congress MLA Vimal Chudasama has written a letter to Prime Minister Narendra Modi requesting him to travel from Bhavnagar to Somnath by road in a bid to draw attention to the potholed highway. Chudasama, MLA from the Somnath constituency, in the letter has stated, “The coastal highway was approved by the Central government seven years […]
Category: Roads
Highways InvIT to be open for retail investors, says Nitin Gadkari
The Union Minister of Road Transport and Highways Nitin Gadkari on Tuesday said the Centre will be approaching capital markets next month and seek retail investments in highway projects. “We will soon be listing an infrastructure investment trust (InvIT) on the stock market,” the minister said, adding a caveat — it’s an experimental approach, which […]
Govt to approach capital mkt next month to raise funds for 4 road projects
Road Transport Minister Nitin Gadkari on Tuesday said the government will approach the capital market next month to raise funds for four road projects. The money will be raised through Infrastructure Investment Trusts (InvITs), and there will be an investment limit of Rs 10 lakh for retail investors, he added. “We will be approaching the […]
India’s Brahmaputra Infrastructure soars 11% after $22.2 million order win
BENGALURU (Reuters) – Shares of Indian construction and engineering company Brahmaputra Infrastructure Ltd, jumped 11.31% on Monday, after the company said it received an order worth 1.77 billion rupees($22.16 million). The company said it had won an order for an upgradation of a railway station in the northern state of Rajasthan. By 0706 GMT, shares […]
China’s multi-billion project in limbo as Pakistan inches closer to West
The new government of Shehbaz Sharif is increasingly finding that the China Pakistan Economic Corridor (CPEC), much-touted as a game changer, is becoming a liability. The government is vacillating on how to take the project forward as it makes amends with the West. This week saw swift developments over the CPEC in both Pakistan and […]
Pak mulls taking upfront cost of CPEC projects to boost forex reserves
Pakistan is reviewing a proposal to receive upfront 20 per cent of the total cost of five China-Pakistan Economic Corridor (CPEC) projects as deposits in the central bank in a bid to get breathing space amid declining foreign exchange reserves, a media report said on Sunday. The proposal has been discussed at the highest level […]
CBI should probe scams in Gujarat, Bundelkhand Expressway: Sisodia
Delhi Deputy Chief Minister Manish Sisodia on Sunday he was not afraid of a CBI probe but the agency should also investigate the alleged scam in the Bundelkhand Expressway construction which developed cracks just five days after the prime minister inaugurated it. In an interview with PTI, Sisodia, who is among 15 people and entities […]
Gadkari seeks Amitabh Bachchan’s support for Centre’s road safety mission
Union Minister for Road Transport and Highways, Nitin Gadkari, called on megastar Amitabh Bachchan at the latter’s residence in Mumbai on Thursday and sought his support for the National Road Safety Mission. The Ministry has formulated a multi-pronged strategy to address the issue of road safety based on four Es — education, engineering, enforcement and […]
Gadkari urges Maha govt to improve public transport, use modern technology
To make the maximum number of citizens use the public transport, it is time to use technology in a sophisticated way, said Union Road Transport and Highway Minister Nitin Gadkari. Gadkari appealed to the BES&T administration in Mumbai to digitize the public transport system as 70 per cent subsidy is received from the Centre for […]
‘Won’t tolerate builders’ jugaadu attitude,’ warns Road Transport Secretary
Amid repeated incidents of damage to national highways due to poor construction quality, Union Road Transport and Highways Secretary Giridhar Aramane on Wednesday issued a stern warning to highway operators, with an ultimatum to ensure safety and quality on national highways or face “severe penalties”. Aramane said the government will no longer tolerate the “jugaadu” […]
Centre appoints Rajkiran Rai as NaBFID managing director for nearly 5 years
The Centre and the board of National Bank for Financing Infrastructure and Development (NaBFID) has appointed Rajkiran Rai G as its managing director (MD) for nearly five years. After the Financial Services Institutions Bureau (FSIB) recommended Rai’s name for the top job at the government-backed development finance institution (DFI), the Reserve Bank of India (RBI) […]
Plea against damage to tree while road construction; Delhi HC issues notice
The Delhi High Court on Monday issued a notice to the Public Works Department (PWD) and the Delhi Police on a petition regarding the damage that occurred to a tree in the Rohini area during road construction. Seeking response of the authorities, including the PWD engineer-in-chief, executive engineers, the secretary and deputy commissioner of police, […]