SEW arm receives Rs 985 crore arbitration award

Infrastructure firm SEW Infrastructure on Monday announced receiving an arbitration award of Rs 985 crore as claims it raised on behalf of a special purpose vehicle (SPV) in joint venture with Prasad & Co. In a statement, SEW said the disputes pertained to execution of a contract the SPV had entered into with the Uttar […]

Five new highways planned to cut down travel time

The highways ministry has identified at least five greenfield road networks connecting major industrial and manufacturing hubs, which will reduce the existing distance on these stretches up to 200 km. Last month, the government announced starting work on another greenfield expressway connecting Gurgaon with Mumbai cutting the distance by almost 200 km. The new routes […]

China moots India-Nepal-China economic corridor through Himalayas

China today proposed a India-Nepal-China economic corridor with multi-dimensional connectivity through the Himalayas as it seeks to expand its influence over the new Nepalese government headed by Prime Minister K P Sharma Oli, widely regarded as pro-Beijing. China’s proposal came after visiting Nepalese Foreign Minister Pradeep Kumar Gyawali held talks with his Chinese counterpart Wang […]

NH development: Kerala govt to hold all-party meeting

The Kerala government today agreed to hold an all-party meeting in the wake of protests over the land acquisition for the development of national highway in Malappuram district. Public Works Department minister G Sudharakan told the Assembly that the disputes were related only with an eight km of land between Kuttippuram-Valanchery stretch. The LDF government […]