26 Jun 2024

The Indian Government has approved a colossal INR 76,000 crore project to build a deep-sea port at Vadhavan, near Mumbai, pivotal to the India Middle East Europe Economic Connectivity (IMEEEC) initiative. Designed to handle 23.2 million TEUs, the port will accommodate mega cargo ships and reduce logistics costs by USD 50-100 per TEU. With robust road and rail connectivity, the port will enhance India's trade capacity and serve as a transshipment hub. The project, executed in two phases by 2040, is expected to generate significant economic benefits and jobs, transforming India's trade infrastructure.Read more

25 Jun 2024

The removal of barricades erected for Mumbai's Metro 3 project has brought relief to local shopkeepers who suffered due to restricted customer access for years. Nearly 63% of the roads along the 33.5-km underground line have been restored. However, the Brihanmumbai Municipal Corporation (BMC) has faced criticism for the slow progress of its road concretisation work, completing only 15% of the planned 397 km cement concrete roads across five zones. The civic body has promised to expedite the work post-monsoon but has also cancelled a major contract due to delays. As the city navigates these infrastructural challenges, citizens hope for timely completion to alleviate commuting woes.Read more

25 Jun 2024

Indirapuram has been grappling with poor civic amenities due to an elongated deadlock between the Ghaziabad Development Authority (GDA) and the Ghaziabad Municipal Corporation (GMC) over the handover process. However, there are signs of resolution as a joint committee has been formed to assess the town's condition and determine the cost for the handover. With the final survey nearing completion, the handover could take place by July's end, paving the way for the release of development funds and improvements in infrastructure like roads, drainage, and garbage management.Read more

25 Jun 2024

Mumbai's Brihanmumbai Municipal Corporation (BMC) will complete the connection of the CD Barfiwala Flyover's north-side arm with the refurbished Gopal Krishna Gokhale Bridge by mid-July, costing INR 8 crore. Based on IIT Bombay and VJTI recommendations, the bridges are aligned by raising spans. VJTI's report suggested raising four spans, while IIT recommended only two. Initial work started only within 90 days, targeting completion by the early of July. The Barfiwala Flyover, built in 2008, was misaligned with the higher Gokhale Bridge, refurbished in the February of 2023. BMC commissioner Bhushan Gagrani also plans to connect the south-side arm at Vile Parle.Read more

25 Jun 2024

GNIDA is set to open an exhibition-cum-convention centre in Sector Chi in a planned city 45 km away from Delhi. The convention centre will also facilitate hospitality and hotel facilities for visitors and exhibitors. According to officials, with the first phase of Noida International Airport to be unveiled in December, demand for such a facility will increase. In the same meeting, the authority approved the construction of a Gati Shakti Cargo Terminal in Dadri, for logistics and handling of rail cargos. This project will help to boost investments and handle cargo efficiently across the country.Read more

24 Jun 2024

The National Highways Authority of India (NHAI) aims to raise INR 20,000 crore this financial year through highway monetisation for 2024-25. They plan to monetise 33 highway stretches spanning 2,741 km via InvIT and Toll Operate Transfer, targeting a total of INR 54,000 crore, their highest annual goal. NHAI's past success includes raising INR 38,334 crore last year. Since 2018-19, they have raised INR 1.08 lakh crore through asset recycling, with significant investments from global pension funds and other investors.Read more

24 Jun 2024

In Chennai, a tunnel boring machine named Anaimalai completed a 925-metre-long tunnel between Ayanavaram and Otteri metro stations, achieving a breakthrough earlier this month as part of the 116.1km phase-2 project. The tunnelling began on October 23, 2023. CMRL managing director M A Siddique and other officials attended the event. This stretch is part of the 9km underground section on the 45.4km corridor-3, running from Madhavaram Milk Colony to Siruseri Sipcot. Seven tunnel boring machines are deployed in this stretch, with a total of 23 machines to be used throughout the phase-2 project.Read more

21 Jun 2024

The Yamuna Expressway Industrial Development Authority (YEIDA) plans to develop a new city on 6,065 hectares of land acquired from 40 nearby villages over the next two years. The authority aims to spend INR 63,000 crore to build infrastructure like roads, parks, utilities across sectors. A budget of INR 14,000 crore has been set aside for land acquisition. The new city will have sectors dedicated to various countries and industries such as a Fintech City and industrial parks for EV, plastics and more. YEIDA is also planning to revise its e-auction policy for land allotment and project contracts, whereby the auction or tender will be cancelled if only one bidder remains after the third round.Read more

21 Jun 2024

A statement from Raj Niwas announced the Central Government's approval for extending the Rithala-Narela-Kundli metro line, part of Delhi's Red Line. Lieutenant Governor VK Saxena has overseen the project's progress. The extension, costing INR 6,231 crore, will enhance connectivity and development in the Narela-Bawana sub-city and address Rohini's needs. The line, spanning 26.5 kilometers with 21 stations, will improve travel between Ghaziabad, Delhi, and Kundli. The project is currently expected to complete in four years and significantly boost regional infrastructure.Read more

20 Jun 2024

The massive Dharavi Redevelopment Project, led by Adani Group's Dharavi Redevelopment Project Private Ltd (DRPPL), faces a roadblock in Sector 5 due to ongoing fee negotiations with the Maharashtra Housing and Area Development Authority (MHADA). The transfer of Sector 5, which includes five buildings for 942 rehabilitated tenants, has stalled. Key negotiation points include INR 183.57 crore in interest, an INR 17.24 crore land fee, and other waivers, totaling over INR 665 crore. MHADA has proposed these waivers to the state government. A swift resolution is crucial for the project's progress and for improving living conditions for thousands of Dharavi residents.Read more