Page 8 - Infrastructure Projects

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.

'Supply to infra projects in Mumbai hit due to strike by water tankers'

The ongoing indefinite strike by water tankers in Mumbai in protest against the implementation of Central guidelines for bulk water supply has affected water supply for major infrastructure projects, hotels, malls and clubs, an association member claimed on Tuesday. Ankur Sharma, the spokesperson for Mumbai Water Tankers Association (MWTA), told PTI that Mumbai (suburban) guardian minister Mangalprabhat Lodha has convened a meeting later in the day to resolve the sand-off which will be attended by officials of the Mumbai civic body and the Central Ground Water Authority (CGWA). Sharma said 2,500 tankers that supply potable and non-potable water across Mumbai have been on strike since February 8 and it's a do-or-die situation for them. He said tanker operators will not call off the protest without a written assurance. "We don't have any demands. We were forced to shut down our businesses due to the implementation of CGWA measures, and (action by) Mumbai Police and the Brihanmumbai ..

Complete work with transparency, speed, foresight: CM Dhami in Uttarakhand

The Chief Minister instructed to cross-verify the newly made ration cards in a proper way and to make those who are really entitled according to the standard

Delhi govt approves infra projects worth Rs 11.28 cr for repair of roads

Sisodia also directed the officials to follow the global standards of street design and also ensure compliance with all safety and security standards during the maintenance work of roads

Network Planning Group under PM GatiShakti recommends 63 infra projects

The Network Planning Group (NPG) under PM GatiShakti has so far recommended 63 infrastructure projects on the principles of PM GatiShakti

Delays in 835 projects cost govt over Rs 4.5 trn, Railways' overrun highest

Reasons relate to land acquisition, obtaining forest/environment clearances, lack of infra support

Higher capex, infra push, green initiatives to push demand for bank funds

However Sitharaman declined to elaborate on the proposed amendments when queried by the media as the Parliament session is on

Gati Shakti push: 18 road projects headed for the fast lane in FY24

62 critical projects to be awarded by FY25

Time to press accelerator with higher infra spend, inviting global capital

It's a different equation that markets where the money went to, did not perform and one saw FII money flowing into India once again in the fourth quarter of 2022

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 ...

Budget should make infra projects investor friendly: IIFCL MD PR Jaishankar

In an interview with Nikesh Singh, IIFCL managing director PR Jaishankar talks about the way ahead for the key infra financier

USTDA expecting portfolio to unlock $37 bn financing in India: Director

Director of USTDA, Enoh T Ebong, also informed that USTDA has launched a new partnership with eight state governments India for 'interstate clean energy procurement partnership'

G20 Infra Working Group discusses how to make cities sustainable, resilient

"Any plan that a city drafts should have a dynamic approach as things keep changing and every programme should be focused on people"

Insurers can classify green bond purchases as infra investments: Irdai

The investments in green bonds can qualify towards statutory liquidity ratio (SLR) - the minimum percentage of deposits commercial banks are required to invest in liquid assets, such as government bon

PM GatiShakti maps data layers related to social sector infrastructure

The 12 Ministries and Departments onboarded are now in advanced stages of data integration onto the NMP Platform