Infrastructure
The Mumbai Metro Rail Corporation (MMRCL) plans to issue detailed tenders for the 32.5-km Metro-3 by July 2014 and award the project by October 2014. The cost of this project is around Rs 23,136 crore. The development of the Colaba-Bandra-SEEPZ underground metro corridor will be awarded on EPC (engineering, procurement and construction) which is expected [...] Continue Reading »
Mr. Devesh Kumar, Deputy Commissioner, Mandi, has asked the project director of the National Highways Authority of India (NHAI) to conduct a fresh survey of the proposed four-laning of the Kiratpur-Ner Chowk national highway. Mr. Joginder Walia, president of the joint action committee, says that the decision was taken at the meeting conducted under the [...] Continue Reading »
The Hyderabad-based IL&FS Engineering and Construction Company has won a contract for development of elevated depot cum workshop for the Rapid Metro Rail Gurgaon (RMRG- Phase-II). The cost of this project is Rs 69.97 crore and the time period of completion of this project is 2 years. As per the press release the company is [...] Continue Reading »
The problem regarding the Delhi Airport Express Metro Line is going to be solved by the end of this month. The Election Commission has given special permission to the government to conduct the meeting of the Empowered Group of Ministers that will going take the decision regarding the problem related to Delhi Airport Express Metro [...] Continue Reading »
An analyst says that the UPA government’s special economic zone (SEZ) scheme whose aim is to create infrastructure to facilitate exports appears to have failed. More than 60 percent of the total land under the SEZs is vacant years after the scheme launched in 2006. Till now the government has notified 389 SEZs. As per [...] Continue Reading »
After the country’s coming elections that will lead to a new wave of infrastructure development, Chairman of the Tata Group, Cyrus Mistry, is scheduling to spend at least $8 billion in building roads, airports and housing, betting a stable administration. In December 2012 after Ratan Tata’s two decades at the helm, Mistry, 45, took over [...] Continue Reading »
The municipal corporation along with traffic police plans to declare over 10 arterial roads as ‘red zones’ where parking vehicles will not be allowed, to ease prominent traffic bottlenecks in the city. Although the authorities have still not concerned to come up with a substitute parking solution. Kumar said, these areas are of core traffic [...] Continue Reading »
Kochi Metro authorities say that the land acquisition procedures for the project have considerably slowed down as the district administration is involved in the conduct of Lok Sabha polls. The authorities point out that Aluva and Palarivattom would continue without many obstacles but works on the other stretches may get disturbed. A Kochi Metro official [...] Continue Reading »
As per a report, India needs Rs 14 lakh crore for the growth of transport infrastructure to achieve 7 percent economic growth. The report says that the National Transport Development Policy Committee (NTDPC) needs to raise its investment in transport infrastructure like rail, highways, port and airport to Rs 70 lakh crore levels in 15th [...] Continue Reading »
According to the experts, Liquidity constraints, approval delays and the economic slowdown have forced the developers not to take up large infrastructure and road projects on PPP basis. An expert also mentioned that the government gives attention on developing infrastructure projects on public private partnership model to minimize its burden and to motivate private sector to participate in [...] Continue Reading »
