CIDCO-CR in JV launches ₹1,782 cr rail line

City and Industrial Development Corporation (CIDCO)
City and Industrial Development Corporation (CIDCO) and Central Railway (CR) in a joint venture have recently launched railway line on a cost-sharing basis of 67% and 33% respectively, in Mumbai. There are 10 railway stations on the route, spanning 27 km, four new stations — Sagar Sangam, Targhar, Bamandongri and Kharkopar — will be constructed after Seawoods in the first phase. Although, trains will only halt at Bamandongri and Kharkopar stations as construction of Targhar and Sagar Sangam is still underway. The CR will build the remaining stations in phase II of the project, CIDCO officials said adding that the linear suburban line between Seawoods and Kharkopar cuts through the fish-shaped town of Ulwe at its center facilitating Ulwe residents to choose between Bamandongri and Kharkopar to take the local till Seawoods station. The CR will only run shuttle services between Kharkopar and Seawoods, as extending them till Chhatrapati Shivaji Maharaj Terminus (CSMT) will affect train services on the harbor line.

Coal India plans to buy ₹10,000-cr mining equipment

Coal India has decided to acquire ₹10,000 crore worth of high capacity mining equipment as it plans to start mining operations more aggressively to match its coal production target of 660 million tons during 2019-20. The move Read More ...

MMRDA mulls 10 new metro corridors worth ₹1 lakh-cr

Apart from the upcoming metro corridors in the metropolitan city, the Mumbai Metropolitan Region Development Authority (MMRDA) is working on 10 more Metro corridors that will change the travel pattern of commuters Read More ...

Bengaluru to get ₹22,242-cr suburban rail corridor

The Karnataka government has planned a suburban rail corridor on a public private partnership (PPP) model at an investment of ₹22, 242 crore in Bengaluru. The DPR will be prepared in the next six months. Sources in the Karnataka Read More ...

AIIB injects ₹3,500-cr in Mumbai's rail network

Asian Infrastructure Investment Bank (AIIB) has agreed to invest ₹3,500 crore in the Mumbai Railway Vikas Corporation (MRVC) for the Mumbai Urban Transport Project-3 (MUTP-3). The MUTP-3 includes two new suburban corridors, quadrupling Read More ...

PWD pushes 9-km flyover on ring road in Delhi

In a bid to decongest one of the most important roads stretches in the national capital on ring road, the Public Works Department (PWD) has proposed to build six 9-km long flyovers between Moti Bagh and Lajpat Nagar. This is Read More ...

Noida fast-tracks ₹633-cr FNG expressway

The Noida authority has speeded up construction of the Faridabad-Noida-Ghaziabad (FNG) Expressway that remains incomplete within the authority's jurisdiction, general manager, Noida authority, KK Agarwal, said He informed that Read More ...

IHCL building ₹4,000-cr new hospitality structures

The Indian Hotels Co. Ltd (IHCL), owners of the Taj hotel chain, have signed a strategic partnership with Singapore's sovereign wealth fund GIC Pte Ltd to jointly invest around ₹4,000 crore over three years. Among others Read More ...

ASK PIA infuses ₹350-cr in affordable housing

Real estate focused private equity fund ASK Property Investment Advisors (ASK PIA) has infused ₹350 crore into two Pune-based developers, Paranjape Schemes and Naiknavare with investment of ₹275 crore and ₹75 crore, respectively Read More ...

Agra gets intra-city metro rail project

Agra city in UP is set to get an intra-city connectivity with its own metro rail services offering relief not just to tourist visitors from across the world but also from traffic congestion. It will connect some of the famous places in the Read More ...

Kazakhstan inks $300-mn deal with Indian infra builders

Several mainline Indian companies participated in the Astana Economic Forum and the Kazakhstan Global Investment Round Table (KGIR - 2019) on May 16-17, and finalized contracts of over $ 300 million The Indian delegation included Read More ...

Schwing Stetter enters the mobile compact crushing space; joins forces with Rubble Master of Austria

Schwing Stetter India (SSI), signed a strategic partnership with global leader Rubble Master HMH GmbH, to enter the mobile compact crushing business. The partnership follows both the companies' recent participation in Bauma 2019 Read More ...

India poised to house 10 fastest growing cities in world

By 2035, the top 10 fastest growing cities in the world will be from India, stated a report by Oxford Economics. These are Surat, Agra, Bengaluru, Hyderabad, Nagpur, Tiruppur, Rajkot, Tiruchirapalli, Chennai and Vijayawada. Taking the Read More ...

Govt takes over 3 road projects of debt-ridden IL&FS

The government is set to take over three under-construction national highway projects that were being executed by debt-ridden IL&FS Group. The projects will be owned by the ministry of road transport and highways after the parties reached Read More ...

GMDA plans three roads at Udyog Vihar industrial hub

The Gurugram Metropolitan Development Authority (GMDA) has decided to build and widen three roads in Udyog Vihar industrial hub connecting to Old Delhi road — from Shankar Chowk, Shyam Chowk and Atlas Chowk, respectively. The nodal Read More ...

World-class upgrades for Greater Noida e-way

The Greater Noida Authority has decided to redevelop the 23km Noida-Greater Noida expressway with bitumen technology along with construction of four underpasses to match global standards. A survey has already been carried out by the authorities Read More ...

AFD inks Euro 100-mn MoU for Agartala Smart City

As a part of Agartala city development initiative under Smart City Mission, a team of Agence Française de Développement (AFD), French development bank, has signed an agreement with India to provide a loan of 100 million euros for 15 smart city Read More ...
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