Road projects
The environment minister has given green signal to around 3,265 km of road projects which were on hold for about two years. The cost of these stuck road projects is worth Rs 28,663 crore. In 2011, the forest minister made environment and forest clearances compulsory for starting construction of highways. These clearances were made mandatory [...] Continue Reading »
Bangalore Development Authority (BDA) has been dysfunctional for some months now as appointment of the head still waits. The complaints being carried to the BDA headquarters on T Chowdaiah Road remain unanswered and even unheard as the newly appointed commissioner had been transferred as the principal secretary to the chief minister, leaving the civic agency [...] Continue Reading »
Lanco Infratech, a realtor limited to power and road projects, with nearly Rs 23,000 crore of long-term debt, is negotiating with some banks for an easier loan repayment schedule. Sources said that the company is negotiating with individual banks for extension of loan tenure and lowering of interest cost as some of its power plants [...] Continue Reading »
Municipal Corporation of Delhi (MCD) has thought of new ways for betterment of people who have lost their land for construction of road. The civic body has decided to alter the land acquisition rule for the people’s betterment. Earlier, after the land was acquired, the griever was given extra built up area on his land [...] Continue Reading »
In Mumbai, the civic elections are fast approaching and so are the officials are busy managing the civic problems in the city. Keeping aside the entire civic problem for a while now the city corporators are busy renaming roads and chowks which was kept remaining from long time. During last few Brihanmumbai Municipal Corporation (BMC) [...] Continue Reading »
New Delhi has plans of expanding realty sales along with boosting viability of road and highway projects. To balance realty fiscal stress, the government has introduced new scheme of ultra mega road projects (UMRPs). The realty firms who accept these orders will be availed to develop real estate projects alongside the stretches. Rs 20,000 crore [...] Continue Reading »
The National Highway Development projects are on halt in New Delhi. Land acquisition has become a major drawback for the delay in the road projects. National Highways Authority of India (NHAI) had implemented around 226 road construction projects out of which 58 of them are currently delayed. Due to this delay all the chief engineers [...] Continue Reading »
National Highway Authority of India (NHAI) had recently staged a bid to take care of the upcoming road projects. It was witnessed that the bidding for NHAI projects has narrowed down completely when compared to previous year. There was huge amount of differences found at the time of bidding. The Maharashtra-Karnataka border project had a [...] Continue Reading »
