Delhi - Meerut Rapid Transit Project Gets $500 Million Funding From ADB

Asian Development Bank
The Asian Development Bank (ADB) and the government of India have signed a $500 million loan, the first tranche of a total $1 billion facility, to build a modern, high-speed 82-kilometre Delhi-Meerut Regional Rapid Transit System (RRTS) corridor that will improve regional connectivity and mobility in India's national capital region (NCR). The first tranche of loan will support construction of the first of three priority rail corridors planned under the NCR Regional Plan 2021 to connect Delhi with other cities in adjoining states. The project will provide connectivity to allow other towns in the NCR to develop as urban economic centres surrounded by residential areas while easing the concentration pressure on Delhi. The project is expected to have a transformational impact on the development trajectory of the NCR by introducing high-level technologies for RRTS, signalling, and station designs. The project will also support transit-oriented development (TOD) with systematic urban and land use planning around the RRTS corridor while promoting value capture financing (VCF) to generate additional municipal revenues.

UP Govt expedites ₹5,800-cr new expressway in Gorakhpur

The UP government has expedited the process of land acquisition for 91-km expressway project in Gorakhpur. The mega project crisscrossing four districts including Gorakhpur, Sant Kabir Nagar, Ambedkar Nagar Read More ...

KRCL commences work for ₹658-cr tunnel in Kerala

The Konkan Railway Corporation Limited (KRCL) has launched the groundwork for the construction of a 6.8 km long tunnel between nearby Anakkampoyil and Meppadi in Wayanad, connecting Kozhikode and Wayanad districts Read More ...

DMRC invites bids for ₹1,958-cr Patna metro project

The Delhi Metro Rail Corporation (DMRC) has invited bids for the construction of the first underground package (PC-03) of Patna Metro's 14.05 km Line-2 of the Phase 1 project which will connect Patna Junction Railway Read More ...

IRCON secures ₹400-cr bridge contracts

IRCON International has secured contracts for the construction of nine road-over-bridges (ROBs) from the Ministry of Railways involving an investment of ₹400 crore. The work has been awarded through competitive bidding Read More ...

NHAI unveils ₹1,876-cr Villupuram-Pondicherry Highway

To ensure smooth flow of vehicular traffic between Villupuram and Pondicherry, NHAI has proposed to expand the 67-km stretch into a four-way bypass road with a 45m-60m right of way (RoW) and grade separators at an Read More ...

J&K gets ₹3,848-cr Baramulla-Kupwara railroad project

The railway has conducted a satellite survey for the construction of a railroad from Baramulla to Kupwara in northern Kashmir entailing an investment of ₹3,848 crore. For the project, which was approved by the central Read More ...

Railway pushes ₹4,085-cr railway project in Bengal

The northeastern railway has hastened the Sivok-Rangpo 44.96 km long rail line involving an investment of ₹4,085 crore. Out of the total length, 41.55 km falls in West Bengal and 3.41 km in Sikkim. An investment ₹682 crore Read More ...

Centre approves ₹1,500-cr AP Coastline projects

The ministry of shipping has approved coastline infrastructure projects of ₹1,500 crore in Andhra Pradesh. The ministry is taking up these ventures for the improvement of Kakinada anchorage port under the Sagarmala Programme Read More ...

NHIDCL builds tunnelling network along the border

The Centre has fast-tracked the process of preparing DPR for multiple tunnels including the Shinkun La Tunnel connecting Ladakh with Lahaul and Spiti district of HP. The work on the 13.5 km long tunnel connecting the two Read More ...

Indian Railway takes up 513 new line projects on zonal level

Indian Railways has taken up 513 new line rail projects including Gauge Conversion and Track Doubling on Zonal levels and as of now, all these projects are in different stages of planning, sanction and execution. The completion Read More ...

TBM T61 provides breakthrough to Mumbai Metro Line-3

Tunnel Boring Machine (TBM) T61, also called Tapi-1, operated by the J Kumar Infraprojects – China Railway Tunnel Group JV made a breakthrough at Chhatrapati Shivaji Maharaj International Airport's Domestic Terminal-1 Read More ...

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 ...
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