Page 2 - Road

Rajasthan's roads will be like those in US by 2024: Nitin Gadkari

Union Road Transport and Highways Minister Nitin Gadkari said on Monday that by the end of 2024, the roads of Rajasthan will be like those in the United States, making it a happy and prosperous state. The senior Bharatiya Janata Party (BJP) leader also said it is the aim of everyone at the Centre to make the country's villages happy and prosperous. Gadkari said this while addressing the gathering at a foundation stone-laying programme of various development works at Pakka Sarna village in Hanumangarh district. He said he often repeats the words of former US president John F Kennedy, who said, "America's roads are good not because America is rich. America is rich because of its good roads." "I promise you that by the end of 2024, Rajasthan's roads will be made at par with those of America's. Due to these roads, Rajasthan will also become a happy and prosperous state," Gadkari said. He said when governments change, the society should also change. "There should be freedom from pover

A portion of road caves in during excavation in south Delhi's Maidan Garhi

A portion of a road caved in on Saturday morning near a metro construction site in south Delhi's Maidan Garhi area, police said. The stretch of road is undergoing deep excavation work for the metro, Deputy Commissioner of Police (south) Chandan Choudhary said, adding, no one was reported hurt in the incident. The visuals circulated on social media showed the caved-in portion of the road. Police covered the area and barred people from going near it.

IL&FS transfers Pune Sholapur Road asset to Invit at value of Rs 2,000 cr

IL&FS has completed transfer of its fifth road asset - Pune Sholapur Road Development Company Limited (PSRDCL) - to Roadstar Infra Investment Trust (Invit) as part its debt resolution strategy. With this transfer, secured lenders of this asset will get full recovery of their dues under the Invit structure while the group lenders will be issued Invit units as settlements for their loans, IL&FS said in a statement. The four road assets that have already been transferred to the Invit structure include - Moradabad Bareilly Expressway Limited (MBEL); Sikar Bikaner Highway Limited (SBHL); Hazaribagh Ranchi Expressway Limited (HREL) and Thiruvananthapuram Road Development Company Limited (TRDCL), it said. The total Enterprise value of Invit, with these five assets, now stands at around Rs 7,300 crore. The new IL&FS Board, as part of its strategy to resolve Rs 99,000 crore debt (as of October 2018), had opted to use the Invit route to address nearly Rs 15,000 crore debt under its .

Road safety project: Govt piloting Cibil-like rating for licenced drivers

Ratings to be offered to insurers and OEMs to enable them to customise premiums based on driving behaviour, incentives on new vehicle purchases

Over-speeding to rear seat belts: New rules, fines for traffic violations

According to the NCRB report, in 2021, 155,000 people died in accidents on Indian roads. The number was up from 133,000 in 2020. Total accidents reported also rose to 403,000 in 2021, up from 354,000

SME EPC road contractors face shrinking margins as input costs spike

However, national highway projects are typically executed by large contractors, with only a small proportion sub-contracted to SMEs

Bumpy ride ahead for road companies with order likely to enter slow lane

Higher interest rates and stiff competition could further weigh on their share prices

MoRTH for allowing vehicles to have maximum 3 decks to transport 2-wheelers

It will enhance the carriage capacity of two-wheelers by 40-50 per cent, according to a statement

Work on India's longest road tunnel to start in Mumbai from March 2022

With detailed project report completed and land acquisition started, work on building India's longest (11.80 km) road tunnel linking Thane-Borivali - passing beneath SGNP will start from March 2022

Centre to invest Rs 1 lkh cr for improving Assam's road

Gadkari said centre will increase central roads fund to Rs 800 crore from earlier sanctioned limit of Rs 450 crore

NHAI identifies 15,000 km of roads for four-laning

NHAI is also identifying choke points in cities, places which require bypasses, flyovers, interchanges

80,000 commercial passenger vehicles in rural areas likely

In FY16, the rural development ministry had constructed 36,000 km of road in rural areas, and has fixed a target of 48,000 km for FY17

India, Thailand, Myanmar to be connected by a 1400-km road

The road will help in transportation of goods and further development of SMEs in North East India

Govt may achieve FY'17 road awarding target: Citigroup

There is likely to be a substantial Y-o-Y increase in ordering and construction activity in this financial year