Crisis-hit infrastructure finance firm IL&FS is set to sell its stake in three road projects as part of the resolution process after the company’s new board failed to get approvals to transfer these assets to an infrastructure investment trust (InvIT) as originally planned. The road projects are Baleshwar-Kharagpur Expressway (BKEL), Jharkhand Infrastructure Implementation Company (JIICL) […]
Category: Roads
421 Infra projects hit by cost overrun of Rs 4.40 lakh crore in Nov
As many as 421 infrastructure projects, each entailing an investment of ₹150 crore or more, were hit by cost overrun of more than ₹4.40 lakh crore in November this year, an official report said. According to ministry of statistics and programme implementation (MoSPI), which monitors infrastructure projects worth ₹150 crore and above, out of 1,831 […]
No tolled highway with full capital cost recovery: Nitin Gadkari
New Delhi: The government on Thursday said there are no tolled national highways in the country that have completely recovered the capital cost. In a written reply to a question in the Lok Sabha, Union Road Transport and Highways Minister Nitin Gadkari said there is no provision for closing of user fee plaza after completion […]
National Infrastructure Pipeline outlay stands at Rs 109 lakh crore
National Infrastructure Pipeline (NIP) was launched with 6,835 projects and has expanded to capture over 9,288 projects with a total outlay of Rs 108.88 lakh crore between 2020-25, the finance ministry said on Thursday. “NIP comprises brownfield and greenfield infrastructure projects of above Rs 100 crore across both economic and social infrastructure,” the Finance Ministry […]
Total expenditure under Bharatmala Pariyojana Phase I at Rs 4.10 lakh cr: Nitin Gadkari
A total expenditure of Rs 4.10 lakh crore has been made under Bharatmala Pariyojana Phase I (BPP-I) as on October 31, 2023, and the difference in actual project cost and normative cost is due to increase in cost of raw material and land acquisition, Parliament was informed on Wednesday. In a written reply to a […]
8 textile parks, 129 pharma clusters mapped on PM GatiShakti National Master Plan: govt
New Delhi: The government Tuesday said that the textiles ministry has mapped eight sanctioned PM Mitra Parks on the PM GatiShakti National Master Plan (NMP) portal while the pharmaceuticals department has reported the successful completion of 129 pharma clusters and 23 medical device cluster projects. These came up at the 61st Network Planning Group (NPG) […]
Govt to run pilot for growth hubs programme in four cities: MoS Rao Inderjit Singh
The government has identified Mumbai Metropolitan Region (MMR), Varanasi, Surat and Visakhapatnam for running its pilot project under the Growth Hubs programme, minister of state for planning Rao Inderjit Singh said in response to a question in Rajya Sabha on Monday. “The Growth Hubs programme is an initiative to develop city regions in a planned […]
Tunnel rescue mission discussed at Cabinet meet; PM Modi was very emotional: Anurag Thakur
The Uttarakhand tunnel rescue mission came up for discussion during the meeting of the Union Cabinet on Tuesday night, and Prime Minister Narendra Modi was “very emotional”, Union minister Anurag Thakur said on Wednesday. Briefing reporters on the decisions taken by the Union Cabinet, Thakur said there was “whole of government” approach and every effort […]
Uttarakhand tunnel collapse: Escape passage mentioned in tunnel plan, but panel finds it is not there
New Delhi: With 41 workers trapped in an under-construction tunnel in Uttarakhand for thirteen days now, serious questions are arising on the issue of the ‘escape passage’. Every document associated with the project – from tenders to geo-technical reports – mentions the project with the ‘escape passage’.
Uttarkashi tunnel collapse: Drilling halted due to technical glitch
New Delhi: As the rescue mission to extract 41 trapped workers through the debris at the Silkyara tunnel in Uttrakhand entered its 13th day, the National Disaster Management Authority (NDMA) on Friday said no further progress has been made since Thursday in the drilling process. However, a ground penetrating radar (GPR) indicated that there are […]
Uttarkashi tunnel rescue: BRO personnel to quickly transport machines for vertical drilling to hill top
The Border Roads Organization team personnel have been instructed to transport machines to enable vertical drilling on the Silkyara tunnel in Uttarkashi through the road they recently built to access the top of the hill, officials said on Saturday. “Soon, a joint meeting of all the departments concerned will be held and decision will be […]
Third party to carry out inspection, safety audit of 12 under-construction Himachal tunnels: NHAI
Inspection and safety audit of 12 under-construction tunnels in Himachal Pradesh will be carried out by a third party and vertical drilling machines will be stationed near tunnels to be used in case an Uttarakhand-like situation arises, according to an NHAI official. National Highway Authority of India (NHAI) Regional Officer Abdul Basit on Friday said […]