The Centre has invested Rs 4.85 lakh crore in big infrastructure projects, costing over Rs 150 crore, as of June 1 in the current fiscal. In 2014-15, the total investment in such projects was to the tune of Rs 5.44 lakh crore; Rs 5.02 lakh crore in 2013-14 and Rs 4.48 lakh crore in 2012-13, […]
Category: Roads
Roads
Toll plazas likely to come up on Mumbai-Nagpur expressway
At a time when the BJP government is considering to make Maharashtra toll free, its ally Shiv Sena that controls the MSRDC department, is planning to set up toll plazas on the proposed six-lane Mumbai-Nagpur expressway. The cost of the project is Rs 30,000 crore and it will be recovered through toll, an official at […]
PNC Infra-led consortia lowest bidder for Rs1,507 cr road projects
PNC Infratech Ltd today said two joint ventures led by the firm have been declared as the lowest bidders for two NHAI projects worth Rs 1,506.84 crore. “The projects involve rehabilitation and augmentation of four laning of Koilwar-Bhojpur and Bhojpur-Buxar sections of NH-84 in Bihar, under NHDP Phase III, to be executed on EPC basis,” […]
IRB infra arm ties up Rs 1,400 cr for NHAI project
IRB Infrastructure Developers Ltd today said its subsidiary has tied up Rs 1,400 crore funds to execute a project awarded by National Highway Authority of India. “Kaithal Tollway Pvt Ltd, a wholly-owned subsidiary of the company, has achieved financial closure in terms of the concession agreement executed with NHAI, by tying up of project finance […]
Gadkari to lay foundation stones of three road projects in Haryana
Union Minister for Road Transport and Shipping Nitin Gadkari will on Monday lay the foundation stones of three road projects in Haryana, costing Rs. 3,412 crore approx. According to the reports, Gadkari will lay the foundation stones of Amabla-Kaithal Highway and Yamunanagr-Barwala Highway at Saha this morning. Amabla-Kaithal Highway will have four bypasses, three railway […]
Govt clears 6-laning of NH NE-II to address Delhi traffic woes
The government today cleared a proposal for six laning of the Eastern peripheral expressway at a cost of Rs 7,558 crore, a move that will help check the growing traffic and pollution in Delhi. “Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has given approval for development of six laning of […]
Gadkari to witness opening of India’s longest road tunnel in Udhampur
Road Transport and Highways Minister Nitin Gadkari will witness the opening of India’s longest road tunnel in Udhampur on Monday. The tunnel will cut the distance between Jammu and Srinagar by 30-kilometers. An official release said that the tunnel will also reduce traffic jams on National Highway-1A that occur due to snowfall. It said Gadkari […]
Centre accords NH status to 2,000 km roads in Odisha
Describing roads as paths to development of any region, the Centre today declared National Highway status for 2,000 km of State Highways in Odisha where Rs 35,000 crore will be invested for road development. “We have decided to link NH to Jagatsinghpur and Jajpur on priority. Besides, a decision has been taken to construct 12 […]
Centre approves Rs 3,500 cr for road projects in J-K: Minister
The Centre approved Rs 3,500 crore for two road projects here and in Jammu city in a bid to boost road development infrastructure in the state, Jammu and Kashmir Minister Altaf Bukhari has said here. “The Government of India has also approved two ring road projects for the capital cities of Srinagar and Jammu at […]
IRB Infrastructure bags Rs 2,650-cr contract from NHAI
Toll road firm IRB Infrastructure today said it has bagged a contract worth around Rs 2,650 crore from the National Highways Authority of India (NHAI) for six laning of Agra-Etawah bypass in Uttar Pradesh. “IRB has received Letter of Award from NHAI for the project of six laning of Agra-Etawah bypass section of NH-2 in […]
World Bank approves $650 million funding for eastern freight corridor
The World Bank today said it has approved a $650 million debt funding for a part of the eastern arm of the India’s ambitious Dedicated Freight Corridor (DFC) project. The loan, which comes with a 22-year maturity period, is expected to help in faster and more efficient movement of raw materials and finished goods between […]
Centre plans Rs 25,000-30,000 crore for Bengal roads
Centre is planning to give Rs 25,000-30,000 crore bonanza for road infrastructure to West Bengal. “We want to give another Rs 25,000-30,000 crore to West Bengal for new highways,” Union minister for Roads and Transport Nitin Gadkari said today at an event at Biodiesel dispensing unit at Haldia Dock Complex. “We want to add another […]