With land acquisition still being a pain area, the ambitious Bharatmala Project is expected to be completed in FY28 after a six-year delay only if the current pace of execution is maintained, as per a report. While the project has already overshot the completion target of FY22, the cost has already risen by a full […]
Category: Roads
PM Narendra Modi inaugurates 296 km-long Bundelkhand Expressway in UP
Prime Minister Narendra Modi on Saturday inaugurated the 296-km-long Bundelkhand Expressway, which passes through seven districts of Uttar Pradesh and has been constructed at a cost of around Rs 14,850 crore. Uttar Pradesh Chief Minister Yogi Adityanath welcomed Modi by offering him a local ‘Bundeli’ stole at the inauguration ceremony at Kaitheri village in Orai […]
UP’s Jalaun gears up for PM’s visit to inaugurate Bundelkhand Expressway
Elaborate arrangements are underway for Prime Minister Narendra Modi’s visit to inaugurate Bundelkhand Expressway here on Saturday under which around five km area of the venue has been taken in the security cordon. The foundation stone of the four-lane expressway, which will connect Chitrakoot with the Lucknow-Agra Expressway, was laid by Modi in February 2020. […]
Heavy rain causes landslide, inundates major roads in Odisha districts
At least 10 houses were damaged due to a landslide in Gajapati district while major roads in Malkangiri and Kalahandi districts had been inundated and damaged due to overnight downpour even as the IMD forecast heavy to very rainfall in nine southern Odisha districts in next 48 hours. This apart, many areas in Odisha were […]
Windfall tax review more likely now after fall in global crude pricesPM to inaugurate 296-km four-lane Bundelkhand Expressway in UP on Saturday
Prime Minister Narendra Modi will visit Uttar Pradesh on Saturday and inaugurate the Bundelkhand Expressway — a 296-km four-lane expressway that has been constructed at a cost of around Rs 14,850 crore, his office said. The work on the expressway has been completed within 28 months and it will now be inaugurated by the prime […]
Dwarka Expressway to be operational in 2023: Road transport minister
The Dwarka Expressway, also known as the Northern Peripheral Road, will be operational in 2023 and will ease traffic congestion on Delhi-Gurugram Expressway, Union Minister Nitin Gadkari said on Monday. Taking to Twitter, Gadkari said Dwarka Expressway, which is being developed as the first elevated urban expressway in India, will reduce pressure on Delhi-Gurugram Expressway […]
Nitin Gadkari says planning electric highway between Delhi, Mumbai
Union Minister Nitin Gadkari on Monday said the government is planning to construct an electric highway between Delhi and Mumbai. He also urged heavy vehicle owners to use alternative fuels like ethanol, methanol and green hydrogen in order to curb pollution. Addressing an event organised by the Hydraulic Trailer Owners Association, the road transport and […]
Srei Equipment Finance’s auditor Haribhakti resigns from immediate effect
Srei Equipment Finance (SEFL) auditor, Haribhakti & Co LLP, has resigned with effect from July 7, 2022. In a stock exchange filing on Thursday, Srei Infrastructure Finance (SIFL), a listed company, had informed about the resignation of SEFL’s auditor. SEFL is a wholly-owned subsidiary of SIFL. Haribhakti was appointed statutory auditors of SEFL from FY20 […]
Cabinet pulls up infra ministries to expedite port connectivity projects
After repeated delays in execution of road and rail connectivity projects with non-major ports, the Union cabinet has pulled up the Ministry of Railways (MoR) and Ministry of Road Transport and Highways (MoRTH), and asked them to ensure timely completion of these projects on priority, Business Standard has learnt. Non-major ports are the ones which […]
Landslides, mud slush block Jammu-Srinagar highway as rainfall continues
The strategic Jammu-Srinagar national highway was blocked by landslides and mud slush triggered by rain at many places on Friday. Traffic department officials said the Srinagar-Jammu highway has been temporarily closed for traffic on Friday due to landslides and mud slush at many places. “Restoration exercise has started and the highway is likely to be […]
PM Modi inaugurates, lays foundation stone of multiple projects in Varanasi
Prime Minister Narendra Modi on Thursday inaugurated and laid the foundation stones of multiple projects worth over Rs. 1800 crores at an event at Dr Sampurnanand Sports Stadium, Sigra, Varanasi, said a press release by Prime Minister’s Office. “Projects being launched in Varanasi will give momentum to the city’s development journey, further ‘Ease of Living’,” […]
SME EPC road contractors face shrinking margins as input costs spike
Road contractors from the small and medium enterprises (SME) segment undertaking projects via the engineering, procurement and construction (EPC) mode are expected to see continued growth momentum in 2022-23 (FY23) on higher award of national highway contracts and sustained state spending. Steps under Aatmanirbhar Bharat to ease liquidity will also support revenue growth. However, national […]