Decks cleared for Rs. 1050-cr road project

Panvel Indapur Road Project
Decks cleared the much delayed Panvel-Indapur project awarded to Supreme Infrastructure and had hit a roadblock after 53% completion has now been considered for one-time priority funding by National Highway Authority of India (NHAI), claimed Head spearheading the BOT wing of the nodal agency, Kamlesh Chechani, adding that NHAI has discussed with other lenders and will jointly move forward to do the funding.

The proposal is at an advanced stage as it might see concrete commitment on funding for the completed portion of the project. Once the NHAI funding comes through, the entire project is expected to be completed by March 2018. The company has also successfully worked out funding for its other major project for Jaipur Ring road and expects disbursements to begin in a month time.

NHAI begins soil testing for Delhi-Mumbai expressway in Faridabad

The National Highways Authority of India (NHAI) has started the soil testing on the Faridabad-Sohna bypass road, which is an extension of the Delhi-Mumbai expressway to DND Flyway in Delhi. In Faridabad, work started Read More ...

NHSRCL invites bids for Sabarmati rail depot

The National High-Speed Rail Corporation Limited (NHSRCL) has invited bids for the starting the groundwork and subsequent construction of the Sabarmati Maintenance Depot for Mumbai-Ahmedabad High-Speed Rail (MAHSR) corridor Read More ...

DTC to engage NBCC for developing land parcels

The Delhi Transport Corporation (DTC) board has decided to go for NBCC India Limited as a project management consultant (PMC) for the development of land parcels under a plan that includes the construction of multi-level Read More ...

JK Cement launches new grinding unit in Gujarat

JK Cement, India's premier cement company, has launched its new Grey Cement grinding unit at Balasinor in Gujarat to cater to the requirements of its dealers in the western region. Commercial dispatches have commenced Read More ...

AAI targets 100 airports & Heliports by 2024

Airports Authority of India (AAI) has planned to develop around 100 airports, waterdromes and heliports by 2024 under the regional air connectivity scheme - UDAN. The UDAN (Ude Desh ka Aam Nagrik) scheme aims to Read More ...

Dilip Buildcon JV emerges as L-1 bidder for ₹1,000-cr e-way

Dilip Buildcon has informed that its joint venture Altis Holding Corporation has emerged as the lowest bidder for a stretch of the Delhi-Vadodara expressway in Rajasthan. The company had bid ₹1,000.08 crore for Read More ...

YEIDA unveils ₹14,000-cr metro line linking IGIA & Jewar Airport

Yamuna Expressway Industrial Development Authority (YEIDA) has planned to directly connect Indira Gandhi International Airport (IGIA) with Jewar Airport in Gautam Budh Nagar of UP at an investment of ₹14,000 crore Read More ...

L&T emerges as the lowest bidder for 237-km high-speed rail corridor

Larsen & Toubro has emerged as the lowest bidder for a major part of the Ahmedabad-Mumbai bullet train project, with a bid of ₹24,958 crore. NHSRCL informed that a total number of three bidders involving seven major Read More ...

ADB inks $177-mn highway building loan pact

The Asian Development Bank (ADB) and the Central government has signed a $177 million loan to upgrade 450 km state highways and major district roads in Maharashtra. The signatories to the Maharashtra State Road Improvement Read More ...

Cabinet approves Kolkata East-West Metro corridor's revised cost

The Union Cabinet has approved the revised cost estimates for construction of the Kolkata East-West Corridor project as per the realigned route and it will be implemented by the Kolkata Metro Rail Corporation. The estimated Read More ...

Govt announces 6 new tunnels in Ladakh and J&K

To shore up road infrastructure along the border with China, the Union transport minister has announced the construction of half a dozen new tunnels in Jammu and Kashmir and Ladakh that would help in ensuring the quicker Read More ...

MMRDA unveils ₹500-cr metro lines' upgrades

In view of the state government's decision to shift the Metro-3 car shed to Kanjurmarg from Aarey Colony in Mumbai, the underground line (Colaba-Bandra-Seepz) and Metro-6 (Swami Samarth Nagar-Vikhroli) line will Read More ...

Lodha Group announces luxury housing scheme in Thane

Lodha Group has announced a new category of property, a luxury gated community of villas on the outskirts of Mumbai in Thane. The project is located just 15 minutes away from Viviana Mall on the Mumbai-Nashik highway Read More ...

Indian Railway approves JSPL's high-speed rails

Jindal Steel and Power Limited (JSPL) has become the first and only Indian manufacturer to develop 60E1 1175 Heat Treated (HT) Rails suitable for High-speed and High Axle Load applications primarily used by the Metro Read More ...

MoRTH launches two road projects in Andhra Pradesh

Union Transport Minister has laid the foundation stones for two road construction projects as a part of NH-16, a 30-km long 6-lane bypass road, from Chinna Avutapalli to Gollapudi. The projects, which have been bagged Read More ...

Trichy semi-ring road project gains pace in Tamil Nadu

The National Highways Authority of India (NHAI) has initiated the groundwork for the construction of a part of the Trichy semi-ring road project in Tamil Nadu. The 43-km long project has been sectioned into two stages Read More ...
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