Gadkari gives nod to 106-km road from Moradabad to Kotdwar

Nitin Gadkari
Union minister for Road Transport and Highways and Shipping, Nitin Gadkari, has given a green signal to construct a 106-km road from Moradabad to Kotdwar, which will be broadened from the existing three to seven metres. The road will be a milestone for the development of villages Read More...

Realtors commit Rs. 90,000cr projects in Haryana

NAREDCO Haryana Investment
In an encouraging development, National Real Estate Development Council (NAREDCO) members have jointly committed to invest a staggering sum worth Rs. 90,000-cr in Haryana in the next half decade. The investment commitment led by realty majors M3M and DLF also, multiple MoUs were signed Read More...

Highway project gets ‘green nod’

Dasna Meerut Six Lane
The Centre has given 'green nod' to construct Dasna-Meerut six-lane connector under Delhi-Meerut Expressway road project entailing an investment worth Rs. 1,658cr. The ambitious Delhi-Meerut Expressway project, aimed at de-congesting traffic in the national capital, proposes construction Read More...

Canadian funds expand ambit in road sector

Canadian Pension Fund Road Sector
PSP Investments in a recent development has become the second Canadian pension fund to expand its footprint in India's highways sector, assuming ownership of four toll roads totaling 710 km as part of a global transaction with Spanish infrastructure company Grupo Isolux Corsan. These roads command Read More...

Offshore firms vying to build smart cities

Smart City Project
As many as 300 foreign companies from across 35 countries have become very aggressive to join hands in the Indian Smart City project of Pune. These firms will provide solutions with respect to traffic, garbage management, water supply, sanitation, and drainage. The companies along with consulates Read More...

J&K launches mega highway projects

Qazigund to Srinagar Highway
Apart from launching a 4-lane Highway from Qazigund to Srinagar by the National Highway Authority of India, the State government has also taken up the 6-lanning of road from Sonawar to Gallander and the move will go a long way to ease jams particularly at Pantha Chowk and Pampore road stretches of the highway Read More...

Govt plans NHs worth Rs. 6.5 lakh-cr

Niti Aayog Highway Network
Setting an astounding target to double the country's road network by 2020, NITI Aayog has decided to strengthen highway network target worth 90,000 plus km from 45,406 km, currently. In its scheme of things, the Aayog has aimed to create world-class infrastructure to boost the economy and get laid down Read More...

Railways fast tracks Rs. 82,000cr DFC corridor

Railways DFC Corridor
In order to fast track the three corridors envisaged in the current Budget entailing an investment worth Rs. 82,000cr, feasibility study has been completed and submitted by RITES, Managing Director, Dedicated Freight Corridor Corporation (DFCC), Adesh Sharma, claimed, adding that Ministry of Railways Read More...

B’lore braces for Rs. 7,300cr infra expansion

Bengaluru City Infrastructure
In its quest to build top-class infrastructure matching global standards, the State Cabinet in Karnataka in a recent move has cleared a staggering sum worth Rs. 7,300-cr under the action plan of Nagarothana scheme and the planned infra development will be achieved in the next two years Read More...

Decks cleared for MEGA metro project

Metrolink Express for Gandhinagar And Ahmedabad
Indian Railways has recently given its approval to Metrolink Express for Gandhinagar and Ahmedabad (MEGA) to begin work on the North-South corridor, connecting APMC Vasna to Motera and also along the Shahpur-Thaltej East-West corridor, said official sources, Read More...

J&K gets Rs 1,060-cr for power infra

J&K Power Infrastructure
In order to provide uninterrupted power across the state, the Central government has recently cleared Rs. 1,060-cr under two centrally sponsored schemes to upgrade power infrastructure in Jammu and Kashmir, Minister of State for Finance and Planning Ajay Nanda, said adding that the Centre has sanctioned Read More...

APM Port invests Rs. 400-cr on expansion

APM Port
In an attempt to add to its cargo handling capacity in the port sector at the Pipavav Port, APM Terminals, has invested Rs. 400 crore thereby increasing its container through handling from 850,000 TEUs to 1.35 million TEUs. The investment included buying new STS cranes, strengthening the existing berth Read More...

Refinancing lifts gloom in road sector

Refinancing in Road Sector
A positive traction towards refinancing is visible as developers with completed projects are tapping capital markets and banks for exploring refinancing opportunities, said India Ratings and Research wing adding that refinancing of Rs 8,450-cr along with a risk-balancing approach could steer the highway sector Read More...

NHAI unveils Rs. 25,000cr highways’ grid

National Highway Grid
In order to facilitate highway drivers to take a straight road to reach from one place to the other across the country, NHAI has prepared a grid of 27 horizontal and vertical national highway corridors at a distance of every 250-km entailing a staggering investment worth Rs. 25,000cr. All these stretches Read More...

Char Dhams get Rs. 20,000-cr connectivity

Char Dhams Road Connectivity
In its quest to provide hassle-free travelling facilities to the tourists visiting Indian religious places, government plans to invest Rs 20,000-cr on upgrading and building the national highway network around Char Dham and Buddhist circuits. Out of the total investment, Rs. 11,700-cr alone would be spent Read More...

Rail sector eyes $500-mn-WB bonanza

Rail Sector World Bank Investment
Indian Railway is all set to seek $500 million from the World Bank for undertaking redevelopment of some major stations as part of its ambitious station redevelopment plan. On this score, 403 stations have been identified for redevelopment in a big way with improved passenger amenities, Read More...

Sterlite Power plans Rs. 3,000cr via InvITs

Sterlite Power Infrastructure
Becoming the first power infrastructure company in the initiative, Sterlite Grid Power Ventures in a latest development, has recently applied to raise funds through Infrastructure Investment Trusts (InvITs). The company, a leading operator of independent power transmission networks, is likely to raise Rs 3,000cr Read More...

Tata Housing plans 10-mn sq ft realty space

Tata Housing
Making the most out of the available business opportunities in the country's real estate sector, Tata Housing Development Company, which has projects ranging from affordable to luxury, will add 6-10 million sq. feet of new development area this year, Managing Director and Chief Executive Officer, Brotin Banerjee Read More...

Railways targets $140-bn investment

Suresh Prabhu
In order to build world class rail network across the country, the Indian Railways has targeted investment worth $ 140 billion in the next half decade, Railway Minister, Suresh Prabhu said, elaborating that the railways has already invested Rs 94,000-cr and additionally also, a whopping worth Rs 40,000-cr Read More...

GMR focuses on EPC infra projects

Low Investment Infra Projects
The debt laden GMR Group in its scheme of things, has decided to focus on the low investment infra projects and to freeze capital expenditure for selected verticals, as the Bengaluru-based infrastructure player tries to pare its debt and strengthen its balance sheet, said an industry insider, Read More...

BDA offers Rs. 1,350-cr bridge project

Steel Flyover in Bangalore
The Bangalore Development Authority (BDA) is all set to float tenders for the construction of the steel flyover from Basaveshwara Circle to Hebbal, to provide a seamless transport facility to commute to Kempegowda International Airport at a cost of Rs. 1,350cr. Two firms – Larson & Turbo and Navayuga Read More...

TM fast tracks twin highway projects

Tamil Nadu HIghway Project
In order to fast track the construction of NH17 and NH4A, the four-laning of the two projects starting from Goa, the transport ministry has recently transferred the projects from state's PWD wing to NHAI, said sources, claiming that the preparation of DPR for the projects is currently underway whereby, Read More...

AAI unveils expansion of Jodhpur airport

Jodhpur Airport
Facilitating the expansion of the Jodhpur Civil Airport in a phased manner, the Indian Air Force has recently agreed to transfer 37 acres of land to Airport Authority of India (AAI), and a MoU to this effect was signed between the IAF, Jodhpur Municipal Corporation (JMC) and Rajasthan state government Read More...

Govt plans Rs. 1 lakh-cr roads in UP

Nitin Gadkari
Central government has decided to build world class road network across Uttar Pradesh at a whopping investment worth Rs. 1 lakh-cr, Union minister, Nitin Gadkari said, elaborating that in regard to the construction of four-lane-NH 29, connecting Gorakhpur, Varanasi, Mau, and Ghazipur route, the initial work Read More...

Centre speeds up Rs. 3,770cr metro expansion

Afcons Infrastructure Chennai Metro
Shortly after the Centre steered cleared the Phase I extension of the mega Chennai metro project at a cost of Rs. 3,770cr, Afcons Infrastructure Limited is all set to start the tunneling work for the underground stretch. The company has already carried out tunneling in areas such as Anna Salai, Madras High Court Read More...

Odisha unveils 100 bridge projects

Naveen Patnaik
Ensuring hassle free transport facilities to the masses of the state, the Odisha government has recently decided to build 100 more bridges across the state under the Biju Setu Yojana (BSY). The BSY, which was launched in 2011 to provide connectivity to villages across the state and was to be completed Read More...

India targets Rs. 25 lakh-cr for port sector

Nitin Gadkari Port Sector
Close on the heels of inking tripartite agreement to build port project in Chabahar in Iran, the Indian government is all set to sign a similar agreement with Bangladesh, which has already expressed its willingness for the project and is currently in talks to explore options available in the country, Read More...

Railways unveils Rs. 3.3 lakh-cr DFCC arms

Railways DFCC
Funds flowing from the freight corridors will go to Indian Railways, which in turn would create three new arms entailing an investment worth Rs 3.3 lakh crore. As a matter of fact, 35-40% of the funds with DFCC as Track Access Charges India will go to set up three new arms of the dedicated rail freight corridors, Read More...

TM announces Rs. 50,000-cr roads in HP

Nitin Gadkari HimachalPradesh
Injecting a major road infra booster to the state, the Transport Minister, during his recent visit to the area has announced to build road network worth Rs 50,000-cr in the next two years in Himachal Pradesh. The road projects included 114 kms long Sanaura-Rajgarh-Nohradhar-Haripurdhar-Ronhat-Jamli road Read More...

M’rashtra clears Rs. 14,549-cr metro project

Maharashtra Metro Project
Creating metro network in and around the metropolitan city, the Maharashtra CM recently approved a 32-km long metro line connecting the city directly to the adjoining Thane suburban areas entailing a whopping investment worth Rs. 14,549cr. The government expects to complete the project (Mumbai Metro Line 4) Read More...
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New Building Material & Construction World
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Modern Green Structures & Architecture
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Lifting & Specialized Transport
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Indian Infrastructure & Tenders Week

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