UAE-Mumbai undersea high-speed train on anvil

undersea high-speed train
UAE-based National Advisor Bureau plans to build an underwater rail network between Fujairah and Mumbai, similar to the London to Paris undersea high-speed rail network. The company is keen to connect Mumbai with Fujairah through ultra-speed floating trains. The project aims to boost bilateral trade as there will be export of oil to India from Fujairah port and import of excess water from Narmada River, north of Mumbai. In addition, other GCC partners can also improve export and imports, reported Khaleej Times, quoting the National Advisor Bureau MD and chief consultant Abdulla Alshehhi. The total rail network will be around 2,000 km. Apart from passenger transit, there are plans to facilitate exchange of goods from India to UAE and export of oil through a pipeline as well. Floating trains or 'Maglev' use magnet repulsion system to move the train at a great speed, taking advantage of the lack of friction. The high-speed Maglevs trains are currently under operation in China and Japan, and Australia, US, Israel and UK have also decided to introduce this rail system.

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

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World-class upgrades for Greater Noida e-way

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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 ...

Warbug-Runwal unveils $200-mn retail investment plan

Close on the heels of investing over $1-billion in Indian malls by US private equity (PE) firm Blackstone, another global PE player Warbug Pincus has indicated plans to pump a similar amount in malls together with its partner the Runwal group based Read More ...

Retail realty doubles investment to $1.2-bn in two years

India's retail real estate sector attracted private equity investment worth $1.2 billion in the past two years, doubling from the previous two years, according to Anarock property consultant, attributing the sharp rise in private equity Read More ...

CREDAI demands quicker clearances in Chennai

With real estate and housing sector facing various challenges in the country, the Confederation of Real Estate Developers Association of India (CREDAI) Tamil Nadu chamber has stressed the need for a single-window clearance for Read More ...

TSPD expands operational ambit into housing sector

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KMRL cruises ahead with ₹1,987-cr Phase-II expansion

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NOIDA unveils twin metro connects to National Capital

The Greater Noida Industrial Development Authority (GNIDA) is planning two new Metro links to connect to the capital city. The plan is to extend the Delhi Metro Rail Corporation‘s (DMRC) Blue Line from Noida City Centre into a loop Read More ...

Plans afoot to widen NH-29 road stretch in Nagaland

In order to widen the National Highway 29 from Purana Bazaar to Chümoukedima stretch at Dimapur in Nagaland, the authorities have fast tracked the process of resolving pressing issues related to the 4-lane construction of the road Read More ...

LMRC marches ahead with ₹8,415-cr Agra metro rail project

Expanding the metro rail network across cities, the Lucknow Metro Rail Corporation (LMRC) is set to start construction of the Agra metro rail project involving an investment of ₹8,415 crore. It will provide respite from traffic congestion Read More ...

NHAI fixes ₹3 trillion roads & highways on radar

In a strategic move, NHAI has decided to consider only those projects that require minimal land acquisition. This is due to the increased compensation costs after the new Act — the Right to Fair Compensation and Transparency in Read More ...

Japan injects $5-bn in India's infra sector

In a major funding push, Japan has agreed to invest $5 billion in the current fiscal in the country's infrastructure sector covering surface and water transport, and power projects. More than 60 percent of the investment will be Read More ...

UP fast-tracks ₹37,000-cr expressway projects

The UP government has hastened construction work on the twin highways entailing an investment of ₹37,000 crore and has already speeded up acquisition of 8,000 hectares of land for the 353-km Purvanchal Expressway and for the Read More ...
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