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

Mumbai Metro
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 from North to South Mumbai, in the next three years. Currently, more than 70 lakh passengers travel daily using the suburban railway trains. It is anticipated that the upcoming Metro network will handle an additional 90 lakh passengers daily. The total expense for construction of the proposed Metro corridors will be over ₹1 lakh crore for which the MMRDA including the MMRC are taking loans from international and domestic financial institutions and banks. Commuters residing in areas like Dahisar and Borivali can take the Metro-7 corridor that is proposed to be extended up to the airport, from where the Metro-3 underground corridor will take them all the way up to Colaba. Commuters travelling from the central suburbs to the western suburbs, can take the existing Versova-Andheri-Ghatkopar Metro-1 corridor and change to the Metro-2A corridor at DN Nagar station and travel all the way up to Dahisar from where, another extension up to Bhayander is also in the pipeline, said official sources.

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 ...

MRSDC speeds up ₹46,000-cr Samrudhi Expressway

The most ambitious 700-km long Mumbai-Nagpur Samruddhi expressway in Maharashtra crisscrossing 10 districts and 26 talukas of the state is being built at an investment of ₹46,000 crores. The alignment from Thane Read More ...

Govt. doubles up ₹119-cr NH as airfield for IAF fighters

The government has identified a stretch of the Srinagar-Banihal highway to convert it into an emergency landing strip for fighter jets and has invited proposals from consultants for the project, said sources. The project—the Read More ...

PWD unveils ₹150-cr worth of flyovers in South Delhi

The PWD in Delhi has planned multiple flyovers and underpasses in Saket area starting from Press Enclave Road to Lal Bahadur Shastri Marg as the stretch provides access at Khirki Village, Hauz Rani, Saket, Malviya Nagar and Pushp Read More ...
NBM&CW

New Building Material & Construction World

New Building Material & Construction World
MGS Architecture

Modern Green Structures & Architecture

Modern Green Structures & Architecture
L&ST

Lifting & Specialized Transport

Lifting & Specialized Transport
II&TW

Indian Infrastructure & Tenders Week

Indian Infrastructure & Tenders Week