Karnataka Deputy Chief Minister D K Shivakumar on Thursday said a 190 km long tunnel has been proposed to ease traffic congestion in the city and within 45 days, the state government will be inviting public tenders for it. Addressing a press conference at Vidhana Soudha, he said “A 190 km long tunnel road has […]
Category: Roads
Roads
Mega infrastructure boost! Approval recommended for six infrastructure projects worth Rs 52,000 crore under PM Gati Shakti initiative
In an official statement today, it was disclosed that six infrastructure projects involving roads and railways, with a total worth of Rs 52,000 crore, have been recommended for approval under the PM Gati Shakti initiative. This brings the total number of projects assessed by the Network Planning Group (NPG) to 112, amounting to approximately Rs […]
CBI books IL&FS Transportation, Spanish subsidiary for diverting funds in Ethiopian road contract
The CBI has registered a fresh FIR against IL&FS Transportation Network Ltd and its step-down subsidiary Spain-based Elsamex SA for allegedly misappropriating credit facilities to the tune of Rs 239 crore by cheating and diverting funds, officials said on Monday. India Exim Bank had sanctioned a credit limit of Euro 35 million to Elsamex which […]
PM GatiShakti initiative recommends approval for 106 infra projects worth Rs 11 lakh crore to boost multi-modality and reduce logistics costs
A total of 106 major infrastructure projects from various ministries, collectively valued at Rs 11 lakh crore, have been recommended for approval under the PM GatiShakti initiative in the current fiscal year, according to an official statement released on Thursday (September 14). These project recommendations have been put forward by the Network Planning Group (NPG), […]
Infrastructure Boost! Rajnath Singh inaugurates Arunachal’s Nechipu Tunnel, other infra projects worth Rs 2941 cr
Defense Minister Rajnath Singh has inaugurated about 90 infrastructure projects, in a ceremony at Devak Bridge in Jammu on Tuesday. These projects, constructed by the Border Road Organization (BRO) at a total cost of Rs 2941 crore, span across 10 border states and union territories in the Northern and North-Eastern regions of India. What are […]
Capital outlay on roads, renewable expected to climb 35% to Rs 13 lakh crore in FY24, FY25, says CRISIL Ratings
The combined capital outlay on roads and renewables in the current and next fiscals is expected to grow by ~35 per cent to ~Rs 13 lakh crore, compared with the preceding two fiscals, backed by strong execution speed. According to A CRISIL Ratings report, the pace of construction of roads and capacity addition in renewables […]
Govt constructing 10,000 km greenfield expressway projects at Rs 4.5 lakh cr investment, says Nitin Gadkari
The government is constructing several greenfield expressway projects totalling 10,000 km across the country at a cost of Rs 4.5 lakh crore, Union Minister Nitin Gadkari said Monday. The road, transport and highways minister said the road network is being set up under the Bharatmala Pariyojana. The National Highways Authority of India (NHAI) has generated […]
NHAI burdening courts with unnecessary litigations, says Kerala HC
The Kerala High Court has criticised the National Highways Authority of India (NHAI) saying it has become a common practice of the authority to burden the courts with a spate of litigations and that its delay in granting compensation results in payment of heavy interests. In its order, the division bench of the High Court […]
Highway project in Nagaland aims at improving connectivity in Northeast
In a bid to bolster the connectivity in the Northeast region, the ruling establishment at the Centre has put spotlight on highway projects. The government has undertaken the development of a 25-km two-lane highway in Nagaland to boost the road connectivity to Northeast states, says Nitin Gadkari, Union Minister for Road Transport and Highways. Gadkari […]
Maharashtra CM Eknath Shinde inaugurates second phase of Samruddhi Corridor, opening 600 kms of Mumbai-Nagpur route
The second phase of the Samruddhi Corridor between Shirdi and Bharvir in Nashik district was inaugurated on Friday by Maharashtra Chief Minister Eknath Shinde. Post inauguration, around 600 kilometres of the total 701-km route between Mumbai and Nagpur is now open for the public. The 80-km stretch under phase 2 will ease the commutation to […]
NHAI eyes Rs 60k crore via asset monetisation
The National Highways Authority of India (NHAI) has drawn up an ambitious plan to monetise 46 operational highway stretches of total length of 2,612 kilometres in the current financial year to beef up resources for its road building programme. The pipeline of projects that have been identified for monetisation in 2023-24 could be valued at […]
Andhra govt boosts road infra, lays foundation stone for Rs 630 crore road construction in Nandyala district
Construction and expansion of roads and national highways are considered to be the backbone of the growing economy of the country. In line with the vision of enhancing road connectivity, the Andhra Pradesh government is working hard to boost the road infrastructure. State Finance Minister Buggana Rajendranath has laid foundation stone for construction of road […]