AP inks MoU for ₹60,000-cr Kakinada SEZ

port
GMR Kakinada Gateway Port, a part of GMR group, has signed a MoU with Haldia Petrochemicals for a refinery/petrochemical project in Kakinada SEZ at an investment of ₹60,000 crore. The state's CM has laid the foundation stone for the port involving an initial investment of ₹3,000 crore. GMR Kakinada Gateway Port signed the concession agreement with the AP government to build the port on a design, build, finance, operate and transfer basis. The port, coming up over 1,811 acres of land owned by Kakinada SEZ and AP government, would lease 133 acres of seafront land for the period of concession. The GMR Kakinada Gateway Port will handle coal, general cargo, and liquid cargoes over the concession period. The proposed refinery and petrochemical project is expected to give a fillip to the port, with significant liquid cargo traffic. GMR Group aims to develop the region on the lines of Jurong Industrial Cluster in Singapore and Houston of the United States.

NHAI targets 6,000-km highways for this fiscal

NHAI is set to award 6,000-km highway projects in the current fiscal; the move would be the second-best target for the authority in terms of project awards. In 2017-18 it awarded 7,400 km highway projects. Majority of the projects Read More ...

KMRL expanding ₹1,000-cr metro rail corridor

The Kochi Metro Rail Limited (KMRL) and the Cochin International Airport Limited (CIAL) are contemplating extending the Kochi Metro to the airport. According to sources, CIAL has already earmarked an area for the Metro station Read More ...

UP floating tender for ₹750-cr Kashi corridor

The detailed project report (DPR) of Kashi Vishwanath Dham (Corridor), which involves an investment of ₹750 crores is ready and construction is set to start shortly. The project will be completed within two years. As of now Read More ...

CREDAI’s Budget wish list boosting affordable housing

Realtors' apex body CREDAI in its budget wish list has demanded that banks should fund developers to buy land for development of affordable housing projects. It has also stated that the definition of affordable housing should Read More ...

AFD clears ₹472-cr for mobility hub in Kerala

The French funding agency AFD has agreed to fund ₹472 crore of the ₹590 crore total cost of the multimodal transit hub project. The Vytilla Mobility Hub Society (VMHS) in Kerala has already submitted its report to the finance Read More ...

Commercial realty receives $ 2.6-bn investment

In a major boost to the country’s real estate sector, the commercial segment attracted inbound cross-border investments worth $2.6 billion over the past 12 months, while outbound investment stood at $0.7 billion. UK Read More ...

Siemens to supply indigenous propulsion system to railways

According to Executive VP and Head, Mobility, Siemens, the company in line with the Make in India initiative, is supplying indigenously-made propulsion systems to the Indian Railways, which is upgrading its electric locomotives Read More ...

Kochi Metro Rail gets Rs. 356-cr expansion

The state cabinet has granted administrative sanction to extend Kochi Metro up to Tripunithura whereby the Phase 1 B will be extended from Ernakulam S.N. Junction to Tripunithura Railway Station / Bus depot at an investment of Rs 356 crore Read More ...

NIAL eyes foreign investment for Jewar airport

The Noida International Airport Limited (NIAL) has decided to seek help from foreign embassies to rope in investors for the mega project where the nodal agency is also building an aviation hub in the vicinity of the airport. Recently Read More ...

L&T wins ₹14,000-cr airport project in Mumbai

Larsen & Toubro (L&T)is all set to win a contract from the board of City and Industrial Development Corporation (CIDCO) to build the Navi Mumbai Intl' Airport involving an investment of ₹14,000 crore.. The scope of work Read More ...

Puravankara chalks plans for 13 realty projects worth ₹3,000-cr

Puravankara, a Bengaluru-based realty firm, has chalked out an expansion plan to start new housing projects involving an investment of ₹3,000 crore. The company is set to launch 13 projects in the current fiscal of which Read More ...

Gurugram readies for ₹1,100-cr infra projects

Work has started on the ambitious 11-km elevated flyover in Gurugram. It will provide connectivity to the Delhi- Mumbai corridor to be constructed jointly by the state and central governments at an investment of ₹1,100 crore Read More ...

Ramky Infra bags ₹494-cr housing project

Ramky Infrastructure has bagged a ₹494.04-crore project from Rajiv Gandhi Rural Housing Corporation for construction of multi-storied residential housing units in Bengaluru. The project is to be constructed under Read More ...

Spanish firm Ayesa wins ₹311-cr rapid rail contract

Spanish multinational Ayesa, which specializes in engineering, technology, and consultancy (ETC), has bagged a ₹311 crore contract to provide technical assistance (General Consultancy) for India's first Delhi-Meerut Read More ...

DMRC floats bids for Phase-III of MRTS projects

Delhi Metro Rail Corporation (DMRC) has invited tenders for Delhi MRTS Phase III. The scope of work involves supply, installation, testing & commissioning of Ballastless Track stabling lines on Elevated Depot Read More ...

PMRDA hastens Phase-III of ₹8,313-cr metro line

The Pune Metropolitan Region Development Authority (PMRDA) has hastened the 23.3-km-long, 8-km of which (from Hinjewadi to Balewadi) will be elevated and entail an investment of ₹8,313 crore. The stretch falls under the Read More ...
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