TN unveils 15-km long light metro transit system

light metro transit system
The TN government is planning to build a 15-km metro light transit system for which the Chennai Metro Rail Limited has been tasked with the job of preparing a DPR. The state governor Banwarilal Purohit said that the project will address the increasing traffic congestion on the Tambaram-Velachery corridor. The line will come up along Velachery Main Road, which was one of the routes proposed to be linked by a monorail between Velachery and Vandalur via Madipakkam, Pallikaranai, Medavakkam, Selaiyur and Tambaram areas. These localities are fast developing as major commercial and residential hubs. Once completed, commuters can reach Tambaram to travel to Guduvanchery and beyond. The governor informed that the state has decided to extend the metro rail corridor by 15.3km from Chennai Airport to Kilambakkam, where a new mofussil bus stand is coming up. The three-corridor 118.9km phase-2 project is estimated to cost ₹69,180 crore, for which JICA has agreed to fund 52.01km and the first tranche of the loan agreement has been signed. Multilateral assistance from Asian Development Bank, Asian Infrastructure Investment Bank and the New Development Bank will be given for the remaining stretches.

Ashiana Housing plans ₹400-cr Realty Projects

Ashiana Housing has targeted to invest ₹400 crore to launch a score of new projects in the current fiscal. MD Vishal Gupta informed that the company is looking for partnerships with landowners for expansion of its business Read More ...

REPL secures multiple Consultancy Contracts in AP and Odisha

Rudrabhishek Enterprises Ltd (REPL) has bagged two consultancy contracts in Odisha and Andhra Pradesh. Pradeep Misra, CMD, REPL, informed that in Andhra Pradesh, the Medical Services & Infrastructure Development Corporation Read More ...

India continues to engage with Iran on Chabahar-Zahedan Railway Project

The Union government has reiterated that it remains engaged with Iran on the Chabahar-Zahedan railway project as part of its connectivity initiatives in the region. India is participating in the development of the first phase Read More ...

UP Govt announces 1,000-acre Film City on outskirts of Delhi

The UP State Government has announced a 1,000-acre Film City in Noida. Shailendra Bhatia, OSD, YEIDA, informed that YEIDA had sent a proposal to the state government after it identified the land in its Sector 21 along Read More ...

RITES wins ₹474-cr Railway Contract

Transport Infrastructure Consultancy and Engineering firm RITES Ltd has won a ₹474.92 crore contract for railway electrification works on competition basis. An MOU will be executed between RITES and the concerned Railway Read More ...

Railway starts Aerial Survey for Bilaspur-Leh Rail Line

Northern Railway has initiated the survey for the Bilaspur-Manali-Leh railway line in Mandi and Kullu districts of Himachal Pradesh. A team of the Northern Railways officials has arrived in Mandi and is conducting Read More ...

HCC Concessions closes sale of Farakka-Raiganj Highways Ltd to Cube Highways

HCC Concessions, an infra building arm of HCC Group, has completed the sale of Farakka-Raiganj Highways Ltd (FRHL) to Cube Highways and Infrastructure II Pte, at an enterprise value of ₹1,508 crore. FRHL, which forms part Read More ...

PM kick-starts ₹14,258-cr Road Projects in Bihar

Prime Minister, Narendra Modi, has laid the foundation stones of nine highway projects in Bihar through video conferencing. The total road length of these projects is about 350-km, involving an investment of Read More ...

NHAI plans to lay ₹1,200-cr four-lane Road in Tamil Nadu

The National Highways Authority of India (NHAI) is planning to build a four-lane road from Kurumbapalayam in Coimbatore district to Sathyamangalam in the Erode district, at an investment of ₹1,200 crore. The existing Read More ...

AAI to launch ₹995-cr Project in Arunachal Pradesh

The Union Ministry of Development of North Eastern Region informed that the Airports Authority of India is set to inaugurate a greenfield airport in Hollongi, Arunachal Pradesh, at an estimated cost of ₹995 crore Read More ...

L&T Realty forays into Commercial Market of Chennai

To make the most out of the emerging business avenues in the commercial real estate segment in the South, Larsen & Toubro Realty has planned to build its maiden commercial project in Chennai. The 6.85 million sq ft Read More ...

MoRTH approves ₹1,034-cr for Road upgrades in Bihar

Union transport minister has approved funds of ₹1,034 crore for repair and maintenance of two National Highways in Bihar and has issued orders to prepare the detailed project reports (DPRs) for five other projects Read More ...

Assam to get new Flyover at Maligaon Chariali, Guwahati

Assam state government has announced the construction of a four km long new flyover in Guwahati involving an investment of ₹321 crore 41 lakh. The State Minister, Himanta Biswa Sarma, informed that the flyover will Read More ...

Prestige Group announces the launch of Realty Project in Bengaluru

Prestige Group has announced the launch of its third premium residential property - Prestige Waterford at Whitefield in Bengaluru. Prestige Group has achieved a key milestone with the virtual launch of three Prestige Read More ...

Tata Projects emerges as Lowest Bidder for ₹889-cr Parliament Building Contract

Tata Projects has emerged as the lowest (L1) bidder for the construction of the new Parliament building in New Delhi involving an estimated investment of ₹889 crore. Out of the seven companies, which placed their technical Read More ...

CCEA approves ₹5,617-cr Orbital Rail Corridor Project in Haryana

The Cabinet Committee on Economic Affairs, headed by the PM, has approved the 121-km long Haryana Orbital Rail Corridor project connecting Palwal to Sonipat at an investment of ₹5,617 crore. The project, which is to Read More ...
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