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 ministry informed that it is poised to surpass the financial year target of 11,000 km by 31 March, despite covid-19 related challenges. During the same period in the last fiscal, 7,573 km roads were constructed, with a pace of 26.11 km per day. The rate of road construction generally picks up in the second half of the year, especially after the monsoon season. An increase in road construction is indicated by the government's focus on infrastructure creation, which in turn boosts economic growth. The pace at which contracts are being awarded for building national highways has more than doubled this financial year. The ministry awarded highway projects for 7,597 km length during this period, compared with 3,474 km during the same period in the last financial year. In total, projects for 8,948 km of roads were awarded in 2019-20 while 10,237 km of roads were constructed during this year. The achievement is significant as the first two months of the current fiscal were lost due to the nationwide lockdown in the wake of Covid-19 pandemic.
Realty developer Migsun Group will invest ₹500 crore in a residential and commercial project in Lucknow. MD of Migsun Group, Yash Miglani, informed that the project is located next to Medanta Hospital and will
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UP earmarks ₹2,501-cr for metro rail network
UP government has allocated ₹2,501 crore for building a world class metro rail network across cities in the state. There is a provision of ₹597 crore for the Kanpur metro rail project in the budget presented by state's Finance
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ECR unveils ₹173-cr Gaya railway station upgrades
GM, ECR, L C Trivedi, informed that the East Central Railway (ECR) has worked out a plan to redevelop Gaya Junction as a world-class station. RLDA has been assigned the task to redevelop Gaya station. Chief public relations officer
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MoRTH clears ₹16,000-cr RRR project in Hyderabad
The road transport and highways ministry has given its in-principle approval for the 340 km long four-lane access-controlled highway, Regional Ring Road (RRR), around Hyderabad city connecting almost 20 developing towns
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Centre approves 2 road projects in AP
The construction work on the 465-km long NH-130-CD, which is a part of Visakhapatnam - Raipur Economic Corridor, is all set to gain pace with the MoRTH approving two six-lane packages of the highway costing ₹1,500 crore
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Kerala Govt nods for ₹7,446-cr Light Metro Rail Project
Kerala Government has given administrative sanction for the Light Metro project for Thiruvananthapuram and Kozhikode costing ₹7,446 crore. Kerala Rapid Transit Limited (KRTL), the special purpose vehicle set up to execute
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GWMC takes up ₹1,100-cr Metro Neo venture
Greater Warangal Municipal Corporation (GWMC) has initiated the construction process of the Metro Neo project at Warangal city for ₹1,100 crore in Telangana. The detailed project report (DPR) for the 17-km long project
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NCRTC launches construction of bridge on Yamuna River
The National Capital Region Transport Corporation (NCRTC) has started the construction work on a 1.35-km-long bridge project on Yamuna. It will be the 17th such bridge to come up on the river. It is a part of the 82-km-long
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MahaMetro expedites Phase-II of Nagpur metro
MahaMetro is all set to start work on Nagpur Metro phase II in the next couple of months. Allocation for phase II has been made in the Union Budget for 2021-22. Union ministry of housing and urban affairs
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PWD hands over ₹628-cr road construction to KRFB
The Kerala Road Fund Board (KRFB) has taken over the road project from PWD to develop the Thammanam-Pullepady road stretch as a four-lane road and to extend the same to M.G. Road and the NH Bypass
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UP allocates ₹76,489-cr to Ganga Expressway
Uttar Pradesh Government has allocated ₹76,489 crore for the construction of the country's longest Ganga Expressway. Out of the total allocated amount, ₹489 crore has been provided for carrying out construction work
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MPowered launches 'MWire' to empower women in Real Estate Industry
Gurugram-based Asset Management Firm MPowered announces the launch of its latest vertical called, 'MWire'. The term 'WIRE' stands for Women in Real Estate and has been launched with a vision to welcome more women
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Berger Paints & Dhunseri plans ₹500-cr expansion
Berger Paints and Kolkata-based Dhunseri Group are contemplating to invest ₹500 crore at Panagarh Industrial Park near the industrial township of Durgapur in West Bengal. The paints major is planning to invest around
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Ikea opening its shopping centre in Noida
The Sweden-based furniture manufacturing major, Ikea, is all set to open its shopping centre in India as the company took over a land parcel stretching across 50,000 sq metres in Noida's Sector 51. This project will build
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Central Park realty plans ₹500-cr projects
Luxury real estate building major Central Park has decided to invest ₹500 crore in the development of multiple school buildings within its housing societies. The company has planned two schools at Central Park Resorts
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NHAI plans Periodic Quality Audit and Independent Inspection of NH Projects
NHAI has planned to launch a drive for Independent Inspection of its ongoing National Highways projects across India, by involving reputed retired government officials. It is a major step towards construction of world class highways
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