Infrastructure
Rajasthan: PM Modi unveils projects worth Rs 7,000 cr in Chittorgarh
Prime Minister Narendra Modi unveiled various development projects including Mehsana-Bhatinda-Gurdaspur Gas Pipeline, an LPG Plant, additional storage at Ajmer Bottling Plant, a 4-lane road on NH-12, the widening of a Railway Over Bridge, and railway projects involving the doubling of the Chittorgarh-Neemuch Railway line and the Kota-Chittorgarh Electrified Railway line worth Rs 7,000 cr
L&T bags Rs 7,000-crore underground road project contract
L&T: The contract is for design and construction of an underground road tunnel between Orange Gate, Eastern Free Way to Marine Drive coastal road in Mumbai.
India may aim to monetise $24 bn worth of highways by 2027
The Indian government aims to generate revenue of around $24.1 billion by monetising highways in the coming years, according to rating agency CareEdge. The plan involves building thousands of kilometers of new roads annually and using an Infrastructure Investment Trust (InvIT) or a toll-operate-transfer (TOT) model to generate revenue from these assets.
National Highways to be pothole free by December this year: Nitin Gadkari
The ministry of road transport and highways plans to shift from engineering, procurement and construction (EPF) model to build-operate-transfer (BOT) model and the hybrid annuity model (HAM) for government projects as the maintenance responsibility lies with the contractor in BOT mode. However, this will be applicable for projects above Rs 500 crore while the EPC mode will continue for construction of small patches.
PM Gati Shakti: Six infra projects worth Rs 52,000 crore recommended for approval
Six infrastructure projects worth Rs 52,000 crore have been recommended for approval under India's PM Gati Shakti initiative. This brings the total number of projects assessed to 112, with a total value of about Rs 11.53 lakh crore. The projects were assessed in a recent meeting of the Network Planning Group, which meets regularly to appraise infrastructure projects and ensure comprehensive development.
Metro rail, buses capital-intensive, cannot be offered free: Hardeep Singh Puri
Union Minister Hardeep Singh Puri, said on Wednesday that while certain political parties advocate for free public transport such as metro rail and buses, it is not economically viable to offer these services entirely cost-free to the public as these are capital-intensive schemes.
Infra development is key for making India a $5 trillion economy: Nitin Gadkari
"Without water, power, transport and communication, we will not get industry and capital investment. Without industry and capital investment, we cannot create employment potential. And without employment potential, we cannot eradicate poverty. That is very important."
As many as 412 infra projects show cost overruns of Rs 4.77 lakh crore in Aug: Official report
According to a report by the Ministry of Statistics and Programme Implementation, 412 infrastructure projects in India, with investments of over Rs 150 crore each, have experienced cost overruns of more than Rs 4.77 lakh crore in August 2023. Out of a total of 1,762 projects, 830 were delayed.
Repayment worries: Lenders' debt recast plan for MEP Infra hinges on a green light at the toll booth
MIPL, a part of the Jayant Mhaiskar-promoted MEP Infrastructure Developers (MIDL), owes lenders led by IDFC First Bank more than ₹2,600 crore. Its agreement with the Maharashtra State Road Development Corporation (MSRDC) allows the company to collect tolls at all five entry points into Mumbai.
Ashoka concessions restarts talks to sell BOT toll road assets
Ashoka Concessions, a subsidiary of Ashoka Buildcon, is in talks with global funds including Canada's CDPQ, Macquarie, Cube Highways, and India's NIIF to sell its build-operate-transfer toll road assets. The negotiations come after a proposed transaction with KKR was terminated in May.
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India showcases PM Gatishakti National masterplan at ADB conference
India took centre stage at the ' Strengthening Regional Cooperation and Integration through Economic Corridor Development (ECD),' organized by the Asian Development Bank (ADB) in Tbilisi, Georgia, from September 5 to 7.
Bengaluru-Chennai express highway to start by January next year, says Nitin Gadkari
Nitin Gadkari said that the Bengaluru-Chennai express highway will be operational by the end of this year or January 2024, and that luxury buses and sleeper coaches can be launched in this sector with a 30% reduction in ticket prices due to lower fuel costs.
Bengaluru-Chennai Expressway to be operational in January 2024: Nitin Gadkari
The Bengaluru-Chennai express highway will be launched by this year-end or January 2024 and it will prove crucial in reducing the travel time between the two metros to just two hours, Union Minister for Road Transport and Highways Nitin Gadkari said on Thursday. Also, with the massive infrastructure being built across the country, Chennai will soon be connected with Delhi through the access-controlled highway project, he said.
Bengaluru-Chennai express highway to become operational by this year-end, says Nitin Gadkari
The Bengaluru-Chennai express highway is expected to be launched by the end of this year or January 2024, according to Union Minister for Road Transport and Highways Nitin Gadkari. This highway will significantly reduce travel time between the two cities to just two hours. In addition, Chennai will soon be connected to Delhi through an access-controlled highway project.
'PM GatiShakti an effective mechanism for fast-tracking infra projects'
The objective of the conference was to explore ways to integrate an area-centric approach with economic corridor development (ECD) and strengthen regional cooperation.
Presentation on CAG's Bharatmala Pariyojana report made to PAC
The Public Accounts Committee (PAC) of the Parliament in India has received a presentation on the Comptroller and Auditor General's (CAG) report on the 'Bharatmala Pariyojana' highway projects. The report, which was tabled in Parliament on August 10, has led to allegations of corruption in the project's awarding process.
