Page 7 - Infrastructure Projects

Rajnath to inaugurate 90 infra projects, attend symposium in Jammu today

Defence Minister Rajnath Singh will be on a day-long visit to Jammu on Tuesday where he will virtually inaugurate 90 projects of the BRO and attend the North Tech Symposium, an official said. The infrastructure projects of the Border Roads Organisation (BRO) include four airstrips and helipads that have been built along the northern and western borders, a defence spokesperson said. After his arrival in Jammu in morning, Singh will fly to Samba to inaugurate the state-of-the-art 422.9 metre Devak bridge on the Bishnah-Kaulpur-Phulpur Road. The bridge is a part of the 90 infrastructure projects built by BRO at a cost of Rs 2,941 crores, which includes 21 roads, 64 bridges, one tunnel, two airstrips, and two helipads, the official said. It is of strategic importance to defence forces and will boost the socio-economic development of the region. Other projects will be inaugurated virtually, the spokesperson said. The defence minister will later attend the ongoing North Tech Symposium a

Govt asks states to formulate logistics policy to promote ease of doing biz

The Centre has asked states to formulate logistics policy as it would help promote ease of doing business, the commerce and industry ministry said on Saturday. It was also suggested to the states for integrating quality data on the portal for the state master plan for wider adoption of PM GatiShakti initiative. The initiative helps in proper planning and implementation of infrastructure projects. These issues were discussed in a meeting called by the Department for Promotion of Industry and Internal Trade (DPIIT) on August 31 to promote wider adoption of PM GatiShakti National Master Plan (NMP). It was chaired by Special Secretary in the DPIIT Sumita Dawra. "The states/UTs are being encouraged to formulate State Logistics Policy (SLPs) aligned with National logistics Policy (NLP) to bring holistic focus on logistics in public policy at state level," the ministry said. So far, 22 states have notified their logistics policies. It said that the states/Union Territories were sensiti

AI-driven planning is Gati Shakti's new frontier, says DPIIT official

"Comprehensive examination and collaboration are crucial before moving forward. A systematic approach is being developed to involve the private sector in Gati Shakti"

SBI's infra bonds: Should retail investors opt for such investments?

At 7.54% per annum coupon rate, the SBI Infrastructure bond is not very attractive for retail investors, since many banks are offering similar interest rates on their 5-7 years long fixed deposits

As many as 393 infra projects show cost overruns of Rs 4.64 trn in June

As many as 393 infrastructure projects, each entailing an investment of Rs 150 crore or more, have been hit by cost overruns of more than Rs 4.64 lakh crore in June 2023, an official report said. According to the Ministry of Statistics and Programme Implementation, which monitors infrastructure projects worth Rs 150 crore and above, out of 1,643 projects, 393 reported cost overruns and as many as 815 projects were delayed. "Total original cost of implementation of the 1,643 projects was Rs 23,86,687.07 crore and their anticipated completion cost is likely to be Rs 28,51,556.84 crore, which reflects overall cost overruns of Rs 4,64,869.77 crore (19.48 per cent of original cost)," the ministry's latest report for June 2023 said. According to the report, the expenditure incurred on these projects till June 2023 was Rs 14,99,771.71 crore, 52.59 per cent of the anticipated cost of the projects. However, it stated that the number of delayed projects decreased to 594, if delay is calculat

408 infra projects show cost overruns of Rs 4.80 trillion in May: Report

As many as 408 infrastructure projects, each entailing an investment of Rs 150 crore or more, have been hit by cost overruns of more than Rs 4.80 lakh crore in May 2023, an official report said. According to the Ministry of Statistics and Programme Implementation, which monitors infrastructure projects worth Rs 150 crore and above, out of 1,681 projects, 408 reported cost overruns and as many as 814 projects were delayed. "Total original cost of implementation of the 1,681 projects was Rs 24,16,872.28 crore and their anticipated completion cost is likely to be Rs 28,96,947.15 crore, which reflects overall cost overruns of Rs 4,80,074.87 crore (19.86 per cent of original cost)," the ministry's latest report for May 2023 said. According to the report, the expenditure incurred on these projects till May 2023 was Rs 15,23,957.33 crore, which was 52.61 per cent of the anticipated cost of the projects. However, it stated that the number of delayed projects decreased to 607 if delay was .

Shah bats for infra development in border villages to counter terrorism

Shah visited the ancestral residence of Rabindranath Tagore at Jorasanko in North Kolkata and paid homage to the Nobel laureate Indian poet, writer, on the occasion of his birth anniversary

Road transport, highways sector has most delayed projects: Govt report

The road transport and highways sector has the maximum number of delayed projects at 407, followed by railways at 114 and the petroleum industry at 86, showed a government report. In the road transport and highways sector, 407 out of 717 projects are delayed. For railways, out of 173 projects, 114 are delayed, while in the petroleum sector, 86 out of 146 projects are running behind schedule, as per the latest flash report on infrastructure projects for February 2023. The Infrastructure and Project Monitoring Division (IPMD) is mandated to monitor central sector infrastructure projects costing Rs 150 crore and above based on the information provided on the Online Computerised Monitoring System (OCMS) by the project implementing agencies. The IPMD comes under the Ministry of Statistics and Programme Implementation. The report showed that the Muneerabad-Mahaboobnagar rail project is the most delayed. It is delayed by 276 months. The second-most delayed project is the ...

Country is witnessing a revolution in infrastructure projects: PM Modi

Prime Minister Narendra Modi on Saturday said the government's work culture, vision, speed and scale has resulted in a revolution in the infrastructure projects in the country

PM Modi to inaugurate slew of developmental projects in TN on April 8

Prime Minister Narendra Modi will inaugurate several infrastructure projects, including the state-of-the-art integrated terminal building at the Chennai airport, upon his arrival in the state on Saturday. Security has been beefed up across the city in view of the visit while motorists have been asked to plan ahead of their journey to reach their destination as elaborate traffic diversions have been made, police said. Following his arrival, Modi will open the new terminal, the first phase of which has been completed. It is expected to enhance the passenger traffic to 35 million per year. "This will be an important addition to Chennai's infrastructure. It will boost connectivity and also benefit the local economy," Modi had said in a tweet. According to Chennai airport officials, the new integrated terminal is spread across 2.20 lakh sq metres and would cater to the growing air traffic in Tamil Nadu. The terminal is also a reflection of the government's commitment towards providing

Japan commits Rs 7,084 crore for three infrastructure projects in India

Japan on Tuesday committed Rs 7,084.5 crore to India for three infrastructure projects, including Patna Metro Rail Construction Project and Rajasthan Water Sector Livelihood Improvement Project. Notes in this regard were exchanged between Rajat Kumar Mishra, Additional Secretary, Department of Economic Affairs and Japan Ambassador to India Suzuki Hiroshi, an official statement said. Japan would fund Patna Metro Rail Construction Project (I) of JPY 98.612 billion (about Rs 5,509 crore), Project for Forest and Biodiversity Conservation for Climate Change Response in West Bengal of JPY 9.308 billion (about Rs 520 crore) and Rajasthan Water Sector Livelihood Improvement Project (II) of JPY 18.894 billion (about Rs 1,055.53 crore). Patna Metro Rail Construction Project aims to cope with the increase of traffic demand in the capital city of Bihar by constructing the new metro corridor 1 & 2, thereby contributing to improvement of the urban environment and development of the economy as ..

346 infra projects show cost overruns of Rs 4.46 trillion, says report

As many as 346 infrastructure projects, each entailing an investment of Rs 150 crore or more, have been hit by cost overruns of more than Rs 4.46 lakh crore, as per an official report. According to Ministry of Statistics and Programme Implementation, which monitors infrastructure projects worth Rs 150 crore and above, out of 1,418 projects, 346 reported cost overruns and as many as 823 projects were delayed. " Total original cost of implementation of the 1,418 projects was Rs 20,38,026.75 crore and their anticipated completion cost is likely to be Rs 24,84,846.99 crore, which reflects overall cost overruns of Rs 4,46,820.24 crore (21.92 per cent of original cost)," the ministry's latest report for February 2023 said. According to the report, the expenditure incurred on these projects till February 2023 is Rs 13,62,707.98 crore, which is 54.84 per cent of the anticipated cost of the projects. However, the number of delayed projects decreases to 643 if delay is calculated on the basi

Aware of China funding of infra projects in countries in South Asia: Govt

He said India is an active economic partner of its neighbours and is involved in a large number of development projects in these countries

101 projects worth Rs 60,872 cr identified under ports and shipping

Total 101 projects in respect of Ports and Shipping have so far been identified under PM Gati Shakti initiative worth Rs 60,872 crore for implementation. Out of these, 13 projects worth Rs 4,423 cr

PM Modi inaugurates 118 Km long Bengaluru-Mysuru Expressway project

Prime Minister Narendra Modi on Sunday inaugurated the Bengaluru-Mysuru expressway at a public rally in the Mandya district of Karnataka

J-K: Banihal-Hingni stretch of USBRL project may be finished by June end

Work on a 23-km stretch from Banihal to Hingni on the prestigious Udhampur-Srinagar-Baramulla Railway Line (USBRL) project in Jammu and Kashmir is likely to be completed by the end of June, an official said. The USBRL project is aimed at providing seamless and hassle-free connectivity to Kashmir valley. Out of the total 272-km USBRL project, 161 km was commissioned in phases with first phase of 118-km Qazigund-Baramulla section commissioned in October 2009 followed by 18-km Banihal-Qazigund in June 2013 and 25-km Udhampur-Katra in July 2014. According to Northern Railways, 93 percent work on the under-construction 111-km Banihal-Katra section has been completed. This sector has a total of 37 bridges and 35 tunnels with a length of 164 km. Banihal-Hingni portion of the USBRL will be ready (for operations) by June 30. The work is going on round-the-clock to achieve the deadline, Project Manager, ABCI Infrastructure, Nadeem Shamas, told PTI. He said the sector passes through various

Delhi-Dehradun Expressway to be complete by December end: Nitin Gadkari

The construction work of the Delhi-Dehradun Expressway will be complete by the end of December this year, reducing the journey time between the two cities to two hours, Minister of Road Transport and Highways Nitin Gadkari said. "Work on the Delhi-Dehradun Expressway project will be over by December end and from January 1 next year people will be travelling from Dehradun to Delhi in just two hours," Gadkari said during a visit to Parmarth Niketan Ashram in Rishikesh on Sunday. A journey from Dehradun to Delhi at present takes around six hours. The union minister who visited the Ashram to take part in a Ganga Aarti along with family said the all-weather road project will make year-round Char Dham Yatra possible. "Char Dham Yatra goes on for six months at present. But, once the all-weather road project is complete, devotees can visit the Himalayan temples throughout the year," he said. Work on the ropeway project in Kedarnath whose foundation stone was laid by Prime Minister Narendr

Development concerns

Nicobar project must be reconsidered

Moscow opens the 70-km Big Circle Line, longest subway in the world

Moscow has opened the 70-km Big Circle Line (BCL), the longest subway line in the world.

GMR Airports Infrastructure posts Rs 105 crore profit in December quarter

GMR Airports Infrastructure on Tuesday reported a consolidated profit after tax of Rs 104.82 crore in the December quarter, against a loss of Rs 515.34 crore in the corresponding period of the previous fiscal. The revenue from operations during the quarter under review grew 29 per cent to Rs 1,766.36 crore from Rs 1,364.13 crore in the third quarter of fiscal 2021-22, GMR Airports Infrastructure Ltd said in a regulatory filing. On a standalone basis, the company reported a loss of Rs 9.61 crore in Q3 FY23 from Rs 706.23 crore in the October-December period of FY22, while revenue from operations stood at Rs 28.44 crore as against Rs 8.85 crore earlier.