Govt unveils Rs. 1 lakh-cr roads in NE

Road Projects in North Eastern Region
Accelerating the road building process in the north eastern region of the country, the transport ministry has decided to award road projects worth Rs. 1 lakh-cr during the next five years. The targeted road projects would be built by the National Highways & Infrastructure Development Corporation Ltd ( NHIDCL), a nodal agency created for the construction of National Highways and other infrastructure projects in the North Eastern states and strategic areas, said official sources adding that NHIDCL is currently working to fast pace the construction of National Highways across the border belt of the country as NHICL has been entrusted with 109 projects in 13 states including Arunachal Pradesh, Assam, Nagaland, Manipur, Meghalaya, Mizoram, Tripura, Sikkim, West Bengal, A&N Islands, Himachal Pradesh, Jammu & Kashmir and Uttarakhand. The total length of the on-going projects is 7148 Km and they are at various stages of development. As a matter of fact, score of bridges have already been built on the river Brahmaputra, providing relief to a large number of people and also there are plans for making 1100 km all weather road at an investment of Rs 12,000-cr in Uttarakhand, of which about Rs 650-700-cr worth of work has already been awarded.

Infra biggies vie Rs. 16,000-cr airport project

Infra building majors like GMR Infra, Adani Group, Reliance Infra and L&T are among the top prospective investors in the fray for the Rs 16,000-crore greenfield Jewar airport project in Greater Noida, said official sources Read More ...

Govt fast tracks Rs. 120-cr Kartarpur corridor

A four-lane highway linking Gurdaspur-Amritsar road to the international border for pilgrims to Kartarpur Sahib Gurudwara in Pakistan has been fast tracked at an investment of Rs. 120 crore, said an official spokesperson Read More ...

Vedanta targets $650-mn investment in 53 blocks

The Vedanta Group has announced that it will invest $650 million in the new oil and gas blocks it had won from the government's last two rounds of auctions, said Ajay Kumar Dixit, chief executive of the company's oil and gas division Read More ...

World of Concrete Asia 2019

World of Concrete Asia show 2019 will take place in Shanghai from 11 to 13 December 2019. Around 800 exhibitors will gather over an area of more than 52,000 sqm. The show will focus mainly on concrete, flooring and mortar sectors Read More ...

Water infra to attract ₹6.3 lakh-cr investment

With the announcement of the Nal se Jal scheme, the water and sanitation sector is likely to attract an investment of ₹6.3 lakh crore in the next five years. The government’s new scheme, which aims to provide piped water connection Read More ...

NHAI unveils new norms to part finance urban projects

NHAI is working on a mechanism to share gains in land value from upgrading of highways in urban areas as it looks to part-finance urban projects amid increasing costs of land acquisition, said sources. The move will help the Read More ...

Possession first, pay later, new realty market mantra

In a desperate bid to liquidate their surging inventory, the property builders are offering customers a “buy now, pay later" scheme for ready-to-move-in homes. The easy payment schemes, which were earlier offered only for under Read More ...

Govt plans 44 cross-country economic corridors

As many as 44 cross-country economic corridors have been planned under the ambitious Bharatmala scheme and all these corridors will be linked through expressways as the government intends to facilitate seamless trade by reducing the Read More ...

MMRDA clears ₹3,500-cr multi-modal hub

The Mumbai Metropolitan Region Development Authority (MMRDA) has approved ₹3,500 crore for construction of a multi-modal integration project, which will facilitate widening of footpaths, cycle tracks, parking zones, traffic signal Read More ...

NIIF to fund 1,430-km Amritsar-Jamnagar highway project

The National Investment and Infrastructure Fund (NIIF) is set to finance the Amritsar-Jamnagar national highway project. The expressway — one of the country's longest highway projects — would reduce the distance between the two Read More ...

Kerala gets ₹44,000-cr national highway projects

The Kerala government has agreed to develop 600 km of national highways in the state for which it will invest ₹6,000 crore through its share of ₹3,000 crore from the GST income on construction materials. About ₹1,000 crore will be Read More ...

NHAI-NIIF ink agreement for ₹75,000-cr investment

The National Highways Authority of India (NHAI) and the National Infrastructure Investment Fund (NIIF) have signed a MoU to bring big ticket foreign investment in the road sector in order to generate ₹75,000 crore this year to meet Read More ...

Anat Raj realty in JV launches ₹740-cr project

Delhi-based property builder Anat Raj has tied up with Birla Estate to develop a residential project in Gurugram at an investment of ₹740 crore, said an official spokesperson. Birla Estate is the real estate arm of Century Read More ...

Odisha allocated highest ₹5,993-cr for rail projects

Odisha has walked away with the highest ever allocation of ₹5,953 crore for the construction of new rail projects, said East Coast R.ailway (ECoR) sources. Last year, the allotment was ₹5,252 crore. In the Budget proposal, various Read More ...

Govt approves ₹5.35-lakh-cr Phase-I of Bharatmala

A total of 34,800 km of national highway including 10,000 km of residual National Highways Development Project stretches have been approved for development under Bharatmala Pariyojana. About 225 projects of about 9,613 km have Read More ...

Kolte-Patil pushes three realty projects in Pune

Pune-based Kolte-Patil Developers has announced the signing of three new projects in Pune under the development management (DM) model. The company has targeted DM fees of ₹60-65 crore from projects over a period of 30-36 months. Read More ...
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