IRB Infra sets to win Mumbai-Pune e-way contract

IRB infrastructure Developers
IRB infrastructure Developers is all set to win the contract for operating and collecting toll for Mumbai-Pune Expressway, after it emerged as the only player in the race for the bids invited by the Maharashtra State Road Development Corporation (MSRDC), said sources, disclosing that MSRDC had floated a tender to appoint a toll collection agency for Mumbai-Pune Expressway after IRB Infrastructure's contract to operate and maintain it came to an end after 15 years in August last year. The response remained lackluster even after several extensions in the deadline for bidding. After it received just one bid from IRB Infrastructure, it called for fresh bids in order to comply with the Central Vigilance Commission guidelines. MSRDC invited fresh bids and IRB Infrastructure has emerged as the only bidder; this time the project will be awarded to the company. The 94.5-km long expressway is India's first six-lane concrete, high-speed, access controlled, tolled expressway which has significantly reduced the travel time between Mumbai and Pune. MSRDC entered into a concession agreement with IRB Infrastructure in August 2004 to operate and maintain the Mumbai-Pune Expressway as well as to develop, operate and maintain National Highway-4 that connects Mumbai and Pune.

Chennai metro gets ₹3,100-cr funding

The state has allocated 3,100 crore for construction of Chennai Metro Rail Project's phase-2 spanning 118.9 km. The state has also requested the Centre to approve funding for the project and provide 50% equity share capital Read More ...

Coastal road worth ₹13,000-cr reaches tunneling stage

Piling and reclamation work for the ₹13,000 crore Coastal Road project is in full swing and the next step is construction of two tunnels in South Mumbai, said MMRDA sources. Digging of the tunnels would begin shortly and will Read More ...

MRIDC steers ₹16,039-cr Pune-Nashik high speed rail project

Maharashtra Railway Infrastructure Development Corporation (MRIDC) has sought approval from the Railway board and the Govt. of Maharashtra for Pune-Nashik semi-high-speed train service, which aims to reduce the travel time between Read More ...

TN takes up 10-km long ₹1,620-cr elevated project

The Tamil Nadu government has decided to construct a 10.1km four-lane flyover on the expressway starting from Uppilipalayam Junction and ending after Kovai Medical Centre Hospital (KMCH). Deputy chief minister and state finance Read More ...

Pune pushes three metro rail projects

The three Metro lines in Pune will become operational by 2022, two of which are being developed by MahaMetro, and the third by the Pune Metropolitan Region Development Authority (PMRDA). Union minister Prakash Javadekar Read More ...

PMRDA plans ₹600-cr two-tier twin flyovers

The Maharashtra government has directed the Pune Metropolitan Regional Development Authority (PMRDA) to build two-tier flyovers comprising a vehicular thoroughfare and a Metro viaduct at three key junctions in the city Read More ...

CMRL unveils fifth metro corridor worth ₹178-cr

Chennai Metro Rail Limited (CMRL), which conducted a feasibility study for the Coimbatore metro rail project, has decided to create a fifth corridor to connect Vellalore and Ukkadam and has also identified two places at Read More ...

Godrej plans residential project on ₹1,359-cr land parcel

Godrej Properties has announced a new project in the residential market of Ashok Vihar in Delhi on a land it has fixed from the Railway Land Development Authority at a value of ₹1,359 crore. The the over 26.58 acre residential Read More ...

UP fast tracks Ganga e-way with ₹2,000-cr infusion

To fastrack the Ganga Expressway, the UP government has infused ₹2000 crore for its construction. One of the longest in India at 637-km, the Expressway will connect Meerut to Prayagraj. In a related development, shortly after Read More ...

BMC speeds up ₹350-cr Versova-Madh bridge project

BMC's long-pending project to build a bridge between Versova and Madh Island is set to kick off with the appointment of a consultant by the civic body. The bridge will bring down travel time from Versova to Madh from 1 hour Read More ...

Kolkata rolls out plans for ₹5,246-cr rail projects

Following an outlay of ₹5,246 crore allotted in the Central Budget 2020-21, Kolkata has rolled out plans for ongoing, upcoming and new railway lines in West Bengal, said an official spokesperson, adding that due to the whopping Read More ...

Srei Infra-UCO Bank inks JV to fund construction equipment

A wholly-owned subsidiary of Srei Infrastructure Finance Limited (Srei) and UCO Bank, a premier public sector bank, have announced a strategic alliance to fiancé the purchase of construction and mining, farm and medical equipment Read More ...

UP approves ₹286-cr for Agra Metro rail project

The Uttar Pradesh Government has allocated ₹286 crore for Agra metro rail project where 27 stations are proposed to be developed along a 29.4 km long corridor. As of now, the state government has released ₹100 crore of the Read More ...

Ayodhya airport gets ₹500-cr booster

The UP government has cleared ₹500 crore for Ayodhya airport project. Also in Uttar Pradesh Budget-2019, the government had allocated ₹200 crore for the same project. The allocation for Ayodhya airport has gone up significantly as Read More ...

FM commits ₹18,600-cr for suburban rail network

The Finance Minister has committed funds for the 148-km suburban rail project in Bengaluru as the Cabinet has cleared the proposal for the project entailing an investment of ₹18,600 crore. The Centre and Karnataka will share 20% each Read More ...

NHAI floats tenders for ₹265-cr road projects

The National Highway Authority of India (NHAI) has floated two separate tenders for the upgradation of the Ring Road at an estimated cost of ₹139.99 crore in Karnataka. The first tender is related to developing the Ring Road between 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