CCEA clears ₹7,662-cr cross-country highways

Cabinet Committee on Economic Affairs (CCEA)
The Cabinet Committee on Economic Affairs (CCEA), spearheaded by the PM, has given its approval for rehabilitation and upgrading of two-lanes into four lanes with paved shoulders and a length of over 780 km in Rajasthan, Uttar Pradesh, Andhra Pradesh and Himachal Pradesh. The projects involve an investment of ₹7,662.47 crore, which includes a loan component of ₹3,500 crore. The loan assistance of the World Bank will be under the Green National Highways Corridor Project (GNHCP) and includes maintenance of these National Highways for five years and ten years in the case of flexible pavements after completion of construction work, said official sources, who informed that the project comprises four components: sustainable development and maintenance of national highways, institutional capacity enhancement, road safety, and research and development.

Dhruv Consultancy-led consortium wins road contract

In a recent development in the NCR region, Dhruv Consultancy Services with Centro De Estudios De Materials Y Control De Obra SA in association with G-Eng Advisory Services has received the Letter of Award for Independent Engineer Read More ...

Tier-II & III cities outpace metros in housing demand

Tier II & III cities are contributing more to the housing demand as compared to metropolitan regions across the country. Smaller cities have recorded better home loan offtake, beating the share of the metro by a significant Read More ...

Bihar approves new alignment for Patna metro

The Delhi Metro Rail Corporation (DMRC) has carried out extensive changes in the alignments of Patna Metro Rail corridors (PMRC); now, the metro stations will be developed in Ramakrishna Nagar, Khemnikchak along with Jaganpura Read More ...

CNH Industrial appoints Suzanne Heywood as officiating CEO

The Board of CNH Industrial has appointed Suzanne Heywood as Acting Chief Executive Officer, in addition to her role as Chair of the Board, to lead the business through this current unprecedented period and until a new permanent Read More ...

SEZ developers get easier compliance norms

The Union government has relaxed the compliance norms for developers and co-developers of special economic zones (SEZs) due to the countrywide lockdown. The easier compliances include the requirement to file quarterly progress Read More ...

Chennai Port seals ₹2,380-cr Kamarajar port deal

The Chennai Port Trust has completed Kamarajar Port acquisition deal involving an investment of ₹2,380 crore. In the Union government's negotiated deal, the state-owned Chennai Port Trust bought 67 percent stake in Kamarajar Port Read More ...

Maharashtra plans marine highway worth ₹3,500-cr

The Maharashtra government has allocated ₹3,500 crore to develop the existing single-lane state highway (MSH4) into a concrete two-lane marine highway on the lines of the US pacific coast highway. After commissioning of Read More ...

NCRTC plans commercial hub at Hindon in Ghaziabad

The NCRTC has planned a major commercial centre at Hindon Motel, adjacent to Shaheed Sthal Metro station housing a multi-storey commercial complex and the RRTS station, which will have four entry and exit gates. There are three Read More ...

Gift City gets 11 investment approvals in Gujarat

As many as 11 entities secured approvals to set up units in the special economic zone (SEZ) at Gujarat International Finance-Tec City (GIFT City) in Gandhinagar. GIFT SEZ development commissioner, A K Choudhary, said that Read More ...

Kerala fast tracks ROBs & road bypass projects

The Kerala government has speeded up construction of 6.8-km two-lane long approach road, road over bridges (ROBs), and development of Kalarcode and Kommady junctions, which are part of the Alappuzha bypass project, informed state Read More ...

Haryana approves ₹779-cr infra projects in NCR

Haryana government has given in-principle approval to three integrated projects worth ₹779 crore in the NCR; these will ensure hassle free traffic flow on the Rajiv Chowk, Signature Tower and IFFCO Chowk junctions in Gurgaon Read More ...

CREDAI bets big on the on-going festivities

In the midst of coronavirus, which has played spoilsport for realtors expecting to clear stocks, the real estate industry is now upbeat on the on-going festive season whuch will give an impetus to demand for residential and Read More ...

Cabinet clears ₹1,285-cr Aligarh-Harduaganj flyover

In a major infrastructure boost for the Indian Railways in the North Central zone, the CCEA chaired by PM has approved construction of the Aligarh-Harduaganj 22 km long flyover at an investment of ₹1,285 crore Read More ...

Centre steers Central Vista redevelopment project

The Union Government has approved land use change for execution of its ambitious Central Vista redevelopment project in Lutyens' Delhi. In this connection, the notification was issued by the concerned Ministry. The Central Vista Read More ...

NBCC floating tenders for ₹5,000-cr realty projects

NBCC is set to float tenders for development of eight stalled housing projects of crisis-hit Amrapali group in Noida and Greater Noida at an estimated investment of ₹5,000 crore. The company has received a letter from Read More ...

PMC approves ₹4, 283-cr metro rail extension

Adding to the metro rail network of the city, Pune Municipal Corporation's (PMC) has approved completion of the proposed Swargate-Katraj- Chinchwad metro corridor extension at an investment of ₹4,283 crore. The extended corridor Read More ...
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