World Bank approves $500-mn for green highways

World Bank
The World Bank Board of Executive Directors has approved a $500 million project to build safe and green national highway corridors in Rajasthan, Himachal Pradesh, Uttar Pradesh and Andhra Pradesh. The project is aimed at enhancing the capacity of the Ministry of Road Transport and Highways (MoRTH) in mainstreaming safety and green technologies as the country's road network of 5.48 million km carries 65 percent of freight traffic and 85 percent of passenger traffic. The traffic volume on the network has been growing at a CAGR of 10.8 percent in the past six decades. The Green National Highways Corridors Project will support MoRTH to construct 783 km of highways in various geographies by integrating safe and green technology designs such as local and marginal materials, industrial byproducts, and other bioengineering solutions, and help reduce GHG emissions in the construction and maintenance of highways.

Brigade Group launches ₹1,100-cr project in Hyderabad

The Bengaluru-based property builder, Brigade Group, has launched ₹1,100 crore residential project at Moti Nagar, Hyderabad. The project named as Brigade Citadel spreads over an area of 11 acres Read More ...

MSRDC expedites ₹1,222-cr tunnelling project

The Maharashtra State Road Development Corporation (MSRDC), which is responsible to execute the 5.4km Turbhe-Kharghar tunnel project, has taken initiatives to speed up the project involving an Read More ...

GHMC hastens ₹333-cr two-way flyover project

The Greater Hyderabad Municipal Corporation (GHMC) has fast-tracked the construction work on the Osmania University Colony flyover at Shaikpet, which is aimed at easing traffic congestion Read More ...

UltraTech Cement amongst India’s 30 Best Workplaces in Manufacturing – 2021

UltraTech Cement, the largest manufacturer of grey cement, white cement and ready-mix concrete in India, has been recognized amongst ‘India’s 30 Best Workplaces in Manufacturing – 2021’ by Great Read More ...

AAI unveils expansion of Rajamahendravaram airport

Airports Authority of India (AAI) has planned to upgrade the Rajamahendravaram airport located between Vijayawada and Visakhapatnam to cater to the requirement of wide-bodied aircraft. The project, which entails Read More ...

SER expedites four-lane road project in Odisha

The South Eastern Railway (SER) has decided to complete the stalled four-lane road stretch between BSNL office and Basanti Colony directly connecting the newly-constructed Rourkela railway station project Read More ...

MoRTH sets to surpass 11,000-km road-building targets

With more than 8,000 km of national highways built from 1st April 2020 to 15th January 2021 clocking an increase of 8% over the corresponding period in the last financial year, the road transport and highways Read More ...

L&T wins tunnelling contract from RVNL in Uttarakhand

The construction arm of L&T has secured a contract for heavy civil infrastructure business from Rail Vikas Nigam Limited (RVNL) for Package 4 of the New Broad-Gauge Line between Rishikesh and Karanprayag Read More ...

Karnataka gets 13 NH projects worth ₹21,000-cr

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NHAI floats tender for ₹1,788-cr road contract

The National Highway Authority has floated tender for 4-laning of BC Road and Gundya-Bengaluru-Mangaluru highway, entailing an investment of ₹1,788.62 crore. The 63-km long stretch is a crucial link passing Read More ...

PNC Infratech secures funds for ₹2,052-cr road projects

PNC Infratech's wholly-owned subsidiary, PNC Bithur Kanpur Highways, has achieved financial closure for highway projects it won on hybrid annuity mode. The contract comprises the four-laning of Aligarh-Kanpur Read More ...

NHSRCL to expedite the process to prepare DPR for Bullet Train projects

National High-Speed Rail Corporation (NHSRCL) has awarded tender to carry out an aerial LiDAR survey for Delhi-Ahmedabad and Mumbai-Nagpur high-speed rail corridor. NHSRCL spokesperson, Sushma Gaur Read More ...

Cidco starts development of Aerocity in Mumbai

Cidco has kick-started the development of an aerocity adjoining the Navi Mumbai International Airport. It will be a commercial and residential district on its southern fringes spreading across 300 hectares Read More ...

Ocean Infra plans ₹450-cr commercial space in Noida

The NCR-based Ocean Infraheights has decided to invest ₹450 crore in developing 3 million sq ft of commercial and retail hub in Greater Noida (west). Spreading across an area of 25-acre, the project Read More ...

AP approves ₹6,400-cr for rural road networks

To provide better transportation, road connectivity and to link Mandal headquarters with district headquarters, the Roads and Buildings department of Andhra Pradesh Government has proposed to take up Read More ...

ICRA: Domestic road transportation sector expected to witness a stronger second half

The Indian logistics sector has witnessed a sequential recovery in months following the severe disruption in Q1 FY2021 on account of the nation-wide lockdown. The pandemic induced disruptions Read More ...
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