As many as 423 infrastructure projects, each entailing an investment of Rs 150 crore or more, have been hit by cost overruns of more than Rs 4.95 lakh crore, as per a report. According to Ministry of Statistics and Programme Implementation, which monitors infrastructure projects of Rs 150 crore and above, out of 1,568 projects, […]
Category: Roads
Jammu-Srinagar highway restored for one-way traffic after 4 days’ shutdown
After remaining closed for four days, the strategic Jammu-Srinagar highway was restored for one-way traffic on Saturday. Traffic department officials said there will be one-way movement of vehicles. The highway remained closed due to multiple landslides, shooting stones triggered by incessant rain and inclement weather. Scores of vehicles carrying essential supplies to the valley remained […]
China frustrated over Pakistan’s inability to finish CPEC project: Report
Amid long delays in the completion of projects under the China-Pakistan Economic Corridor (CPEC) from China’s Xinjiang province, which was ‘officially’ launched in 2015 and over this, Islamabad’s lackadaisical attitude had sowed the frustration in Beijing, a media report said. According to the recent CPEC Authority report, Pakistan could complete only three projects in Gwadar […]
Part of Jammu-Srinagar NH washed away as heavy rains trigger flash floods
Flash floods triggered by heavy rains washed away the shuttering of an under-construction bridge and a 150-foot section of the Jammu-Srinagar national highway even as landslides in Ramban and Udhampur districts forced closure of the strategic road for the second consecutive day on Wednesday, leaving hundreds of vehicles stranded, officials said. The traffic on the […]
NHAI pays Rs 308 cr arbitral award to IRB Infra SPV in payments dispute
The National Highways Authority of India (NHAI), after a Delhi High Court order, has paid Rs 308 crore to IRB Pathankot Amritsar Toll Road Ltd (IRPRL), a special purpose vehicle (SPV) of IRB Infrastructure Developers, over a dispute in payment related to the Pathankot-Amritsar project. “We deeply appreciate the steps taken by the Cabinet Committee […]
KNR Constructions dips 4%, hits 52-week low on margin concerns
Shares of KNR Constructions hit 52-week low of Rs 207.80, down 4 per cent on the BSE in Tuesday’s intra-day trade in an otherwise a firm market on margin concerns due to higher commodities prices. So far in June, the stock of civil construction company fell 20 per cent despite a strong performance in January-March […]
Concern over China’s BRI projects in Nepal amid Beijing’s vested interest
Experts raised concern over the lack of transparency and viability of China’s Belt and Road Initiative (BRI) projects in Nepal and said that it must be cautious while accepting support as the donor country has its own geopolitical as well as other vested interests. The views were presented by numerous experts from different fields as […]
Rs 920-cr transit corridor at Delhi’s Pragati Maidan opens after 3-yr delay
Prime minister Narendra Modi on Sunday inaugurated the main tunnel and five underpasses of the Pragati Maidan integrated transit corridor, which is a part of the larger redevelopment project of the area. Built at a cost of Rs 920-crore, the corridor began in 2017 and was expected to be completed by 2019. Several deadlines were […]
Pragati Maidan Integrated Transit Corridor to cut commute time by 15 mins
The national capital’s first road tunnel in the Pragati Maidan area and its five underpasses, which were opened on Sunday after missing five deadlines, will give motorists relief from the traffic snarls in and around ITO. The Pragati Maidan Integrated Transit Corridor, comprising a 1.3-km-long tunnel and five underpasses and built over four years, was […]
Swachh Bharat: PM Modi picks up litter at newly-inaugurated tunnel in Delhi
A staunch advocate of the Swachh Bharat campaign, Prime Minister Narendra Modi on Sunday picked up litter at the newly launched ITPO tunnel built under Pragati Maidan Integrated Transit Corridor in the national capital. PM Modi was seen inspecting the newly inaugurated tunnel and picking up an empty water bottle and other pieces of trash […]
PM Modi inaugurates Pragati Maidan Integrated Transit Corridor project
Prime Minister Narendra Modi inaugurated the main tunnel and five underpasses of the Pragati Maidan Integrated Transit Corridor Project in New Delhi on Sunday. According to Prime Minister’s Office (PMO), the Integrated Transit Corridor project is an integral part of the Pragati Maidan Redevelopment Project. The Integrated Transit Corridor project has been built at a […]
PM Modi to inaugurate Pragati Maidan transit corridor project today
Prime Minister Narendra Modi will dedicate to the nation the main tunnel and five underpasses of the Pragati Maidan Integrated Transit Corridor Project in New Delhi on Sunday. He will also address the gathering on the occasion. The Integrated Transit Corridor project is an integral part of the Pragati Maidan Redevelopment Project. The Integrated Transit […]