Page 2 - Indian Infrastructure

Relaxation in development rules can't be allowed public safety is affected

Relaxation of development rules cannot be permitted if it adversely affects public safety, the Bombay High Court has said while ordering the removal of seven mechanised cantilever car parking spaces (stack parking) constructed in a residential building here. A division bench of Justices Gautam Patel and Kamal Khata noted that the stack parking system in the premises of the housing society in Borivali completely undermined the fire safety and public safety not only of members of the society but also of children, senior citizens, and perhaps even passersby. The order dated January 18 was made available on Tuesday. The bench noted that no fire tender or ambulance can go past the stack parking in case of emergencies in the society. The court passed the order in a petition filed by Rahul Jain, an ophthalmologist, challenging the decision to set up seven mechanised cantilever (stack) car parking spaces at his housing society in the western suburb of Borivali, as it was blocking the entra

Ram temple event: Ayodhya gripped by religious fervor, festive atmosphere

Invitees to the "Pran Pratishtha" consecration ceremony at the Ram temple started arriving Sunday in Ayodhya -- once a sleepy town now resplendent with new infrastructure and gripped by heightened religious fervour on the eve of a seminal event in India's political and religious history. The town, about 140 km west of Lucknow, was bedecked with multi-coloured flowers as recordings of 'Ram dhun' played from loudspeakers and townsfolk dressed as Lord Ram, Sita, Lakshman and Hanuman paraded down the streets followed by delirious devotees, and news camera crews. "Ayodhya Ram maye ho gayi hai (Ayodhya is immersed in devotion of Lord Ram)," said Shailendra Gupta, who runs a fabric store on Ram Path, the main street of the town that runs past the Ram temple. "And tomorrow is a day when Hindus across the world will rejoice." Skittish policemen kept order, urging cars to stay mobile. But they could only honk repeatedly to part the sea of pilgrims on Ram Path, many with "Jai Shri Ram" painted

PM Narendra Modi to inaugurate infra boost at Cochin Shipyard on Wednesday

New dry dock and International Ship Repair Facility for CSL

$2 bn Atal Setu to boost connectivity with Mumbai amid India's infra push

The 21.8 kilometer bridge, India's longest, will also ease access to the satellite city of Navi Mumbai, where a new airport is under construction by the Adani Group

Airport to new resorts, Lakshadweep tourism is in for an upgrade: Details

Lakshadweep tourism: Some of the key infrastructure development projects lined up in Lakshadweep include an airport upgrade, resorts, and improved utility services among others

West Bengal government plans dedicated tea park on Kolkata port land

The land requirement for the project is about 10-12 acres. The SMPK would hand over the lease and the infrastructure would be developed by the state government

Which sector should you bet on? Infra- linked sectors top Crisil upgrades

Infrastructure has benefited not just from high budgetary allocation, but also from better risk sharing among stakeholders and acceptance of investment vehicles such as InvITs, or infrastructure inves

Being people-centric: Indian govts no slouches when it comes to spending

Percentages can mislead: A higher percentage of a lower GDP per head can translate into less absolute spending per head than a lower percentage of a much greater GDP per capita, notes T N Ninan

Dholera SIR all ready to kickstart its plug-and-play infrastructure

Despite setbacks, it is offering attractive incentives to woo companies

Railways bolster network under Gati Shakti; tracks, freight goals in sight

Railways rides full steam on Gati ShaktiFrom rail tracks to freight traffic, the goal is to scale up across the network, write Dhruvaksh Saha & Shine Jacob

Cost overruns ebb, yet delays persist in half of major infra projects

Key hurdles: Land acquisition, technical approval, green go-ahead

Singapore Exchange to focus on risk-hedging products like Indian infra, ESG

The Singapore Exchange (SGX Group) plans to focus on risk-hedging products related to Indian infrastructure development as well as Environmental, Social and Governance (ESG) initiatives, as it aims to expand its footprint in metals and minerals such as green steel and lithium. William Chin, Commodities Head at SGX Group, pointed out the close relationship SGX Group has built with the financial and business community in India in the past decades and the importance of collaboration with partners and stakeholders to develop solutions to serve participants in both markets. Risk hedging products related to the Indian infrastructure development, green initiatives, ESG as well as new energy minerals and metals are some of the areas SGX Group wants to focus on, Chin said. "We are expanding our footprint in metals and minerals such as green steel and lithium," said Chin, noting the surging demand from the massive infrastructure development, industrial production and renewable energy-based ..

NDLS latest casualty as budget constraints halt station revamp exercise

L&T quoted more than Rs 8,000 crore for the renovation. However, the government's bid price was around Rs 5,000 crore

India's improved 1.7% spend on logistics to set stage for $5 trn economy

India will spend a whopping 1.7 per cent of its GDP on transport infrastructure this year -- around twice the level in America and most European countries -- a feat that has been noticed even by The Economist which called it 'eye-watering' upgrade that will set stage to achieve a USD 5 trillion economy. Prime Minister Narendra Modi's government has hiked capital outlay on infrastructure to USD 122 billion for the fiscal year starting April as it looks to provide a strong impetus to job creation and boost economic activity amid a global slowdown. According to official data, the Modi government has allocated Rs 2.4 lakh crore for railways capital expenditure, nine times higher than the amount in the financial year 2013-14. The funds will mostly be spent on building tracks, new coaches, electrification, and developing facilities at stations. Allocation for roads has jumped 36 per cent to Rs 2.7 lakh crore for 2023-24. There is also the focus on reviving 50 additional airports, heliport

Important to build infrastructure that is futuristic, says PM Modi

Prime Minister Narendra Modi on Wednesday said that well-planned cities will determine the fate of the country, asserting that India's position in the world would have been completely different if 75 planned cities had been developed since Independence. Addressing a post-Budget webinar on 'Urban Planning, Development and Sanitation', he noted that only one or two planned cities have been developed in the country in 75 years of India's Independence The prime minister said with India urbanising rapidly, it is important to build infrastructure that is futuristic. "Urban planning will determine the fate of our cities in 'Amrit Kaal' and it is only well-planned cities that will determine the fate of India. When planning is better, our cities will become climate resilient and water secure," the prime minister said. He urged the participants of the webinar to focus on three main questions about how to strengthen the urban planning ecosystem in the states, how to properly use the expertise

Another 90-km stretch doubled, electrified in South Central Railway zone

The South Central Railway (SCR) zone has completed the doubling and electrification works of 90-km stretch between Gooty and Dharmavaram at a cost of Rs 636 crore, resulting in decongesting and enhancing the connectivity to South Indian states. Following the doubling and electrification of railway tracks between Chigicherla and Dharmavaram section, the zone achieved this milestone. "The GootyDharmavaram doubling project is a vital rail link in Andhra Pradesh state and acts as a gateway to South India states. This line serves as one of the important routes connecting both the Telugu states with Bengaluru and beyond," an official was quoted as saying in a press note late on Thursday. The project was executed by Rail India Technical and Economic Service (RITES) and was totally funded by the Railways. According to the release, the newly doubled and electrified stretch will ease congestion on a saturated but vital section, enabling running of more passenger and freight trains towards ..

343 infrastructure projects show cost overruns of Rs 4.5 lakh crore

As many as 343 infrastructure projects, each entailing an investment of Rs 150 crore or more, have been hit by cost overruns of more than Rs 4.5 lakh crore, as per an official report. According to the Ministry of Statistics and Programme Implementation, which monitors infrastructure projects of Rs 150 crore and above, out of 1,438 projects, 343 reported cost overruns and as many as 835 projects were delayed. "Total original cost of implementation of the 1438 projects was Rs 20,35,794.75 crore and their anticipated completion cost is likely to be Rs 24,86,069.52 crore, which reflects overall cost overruns of Rs 4,50,274.77 crore (22.12% of original cost)," the ministry's latest report for December 2022 said. According to the report, expenditure incurred on these projects till December 2022 was Rs 13,45,794.16 crore, or 54.13 per cent of the anticipated cost of the projects. However, the number of delayed projects decreases to 673 if delay is calculated on the basis of the latest ...

NIIF to make investment of Rs 631 crore in GMR Group's Mopa airport in Goa

The investment will be made via compulsory convertible debentures in GMR Goa International Airport, the special purpose vehicle (SPV), which will operate the new airport in Goa

UP acquires 95% of land for 595-km Ganga Expressway mega project

The mega project is estimated to be commissioned in November 2025

Rated Indian infrastructure firms most exposed to currency risk: S&P

Much of corporate portfolio has dollar-linked revenue and is not exposed to rupee depreciation