With 20 million trips made by trucks every month to transport goods across the country, pivoting from gas-guzzling road transport will be among the biggest challenges.
The NLP is expected to embed India in global supply chains and energise the economy across multiple sectors. It is also expected to enhance green transportation, among others.
Raaho is targeting revenues of Rs 250 crore in 2022-23 and is aiming to grow its revenues to around $ 1 billion or Rs 7,500 crore in the next five years.
An American company is manufacturing patches to cover up cracks on roads. Twitter users debate if it is a viable solution for India.
Curious, he posted a photo of the sign on Twitter, seeking response from the traffic police.
The slack in pace of awards and construction activity has raised obvious concerns relating to timely completion of BMP and cost overruns for developers, investors and government
Temperatures in the United Kingdom crossed 40 degrees Celsius for the first time on July 19.
According to ICRA, if the Indian government manages to execute around 4,500-5,000 km of projects under the Bharatmala scheme, all projects will be completed by 2027-28.
According to an official notification, roads in the city need the attention of concerned agencies like the Public Works Department (PWD), Municipal Corporation of Delhi (MCD), and New Delhi Municipal Committee (NDMC).
India's national highway construction slowed to 28.64 km a day in 2021-22 due to COVID-19 pandemic related disruptions and a longer-than-usual monsoon in some parts of the country.
The industry expects steel prices to soften only over the next few quarters, which may subsequently reflect in the cost of projects.
Sitharaman added that the effective capital expenditure of the central government is estimated at Rs 10.68 lakh crore in 2022-23, which is about 4.1 percent of GDP.
Kashmir: In the video, the girl is complaining that guests cannot come to her place because of the bad road condition.
The highway will pass through Nashik, Ahmednagar and Solapur districts of Maharashtra and efforts will be made to link it to Latur district and some other parts of the state’s Marathwada region, the minister said.
In the current financial year, NHAI had initially planned to award 450 km of road projects through the BOT model but is likely to exceed its set target, one company official said, with 15-20 percent of total projects being under this mode in 2022-23.
The Centre is said to be finalising an asset monetisation target for FY23. A senior government official said it could be over Rs 1 lakh crore
Launching the Gati Shakti initiative, PM Modi said that due to the wide gap between macro planning and micro implementation, problems of lack of coordination, lack of advance information, thinking and working in silos were leading to hampered construction and wastage of budget.
PM GatiShakti is a National Master Plan for multi-modal connectivity to economic zones, a digital platform which will bring 16 ministries including rail and roadways together for integrated planning and coordinated implementation of infrastructure connectivity projects.
The minister today visited the Zojila in theUnion Terriotary of Jammu & Kashmir and directed the authorities of Megha Engineering and Infrastructures, the company involved in the construction of the tunnel, to complete the tunnel before the 2024 parliamentary election.
A bench of Chief Justice Dipankar Datta and Justice G S Kulkarni said on Thursday that authorities ”should not allow families owning only one flat to have four or five cars if they do not have sufficient parking space” available in their respective housing societies.
KKR’s investment was done through its KKR Asia Pacific Infrastructure Fund and is the company’s third infusion in India and first in Asia’s transport sector.
The number of bidders has surpassed 40 participants (of which qualified were 30) for some of the EPC projects and 10-15 participants (around 5-10 earlier) for HAM projects, Icra’s Rajeshwar Burla said in a report.
Fall in toll collection due to the outbreak of the second wave and lockdowns being imposed by different states across the country have caused the company to defer decision; other asset monetization plans also put on hold
NHAI has also decided to keep its InvIT IPO open only for institutional investors. It plans to raise ₹5,100 crore through a fresh issue, as per the draft papers filed with SEBI. In addition, there would be an offer for sale, say sources.
Gadkari said he was confident that companies would get at least twice the return in India as compared to investing in the US.