01 Feb 2024

The Brihanmumbai Municipal Corporation (BMC) has issued a fresh tender for a 5.6 km elevated road connecting the Eastern Freeway to Grant Road in Mumbai. The project, costing INR 1,100 crore, involves a change in design to a steel structure and features a cable-stayed bridge. The initial tender was cancelled due to technical issues raised by Central Railway and Mumbai Port Trust. The proposed flyover aims to reduce travel time between northern and southern Mumbai from 30-50 minutes to seven minutes, benefiting areas like Grant Road, Nana Chowk, and Tardeo. The project is expected to be completed in three-and-a-half years.Read more

31 Jan 2024

The Brihanmumbai Municipal Corporation (BMC) is set to revitalize a neglected 400-meter stretch beneath the Seepz flyover and the adjacent area on Jogeshwari-Vikhroli Link Road (JVLR) at Seepz Gate-3 with a project costing INR 2.9 crore. The comprehensive plan aims to transform the space into a vibrant hub, featuring walkways, gardens, amphitheatre-like seating, captivating murals, and a vertical garden. Tenders have been invited for this initiative, recognizing the strategic location's high visibility and heavy traffic. The project intends to create a recreational haven for nearby industrial workers, with marked lanes, thermoplastic paint, and artistic elements paying homage to the area's industrial heritage. While residents applaud the initiative, concerns about surrounding areas are raised, and BMC's broader vision includes similar revamps in other locations, promising a greener, more vibrant urban experience for Mumbai.Read more

30 Jan 2024

Maharashtra's Samruddhi Mahamarg expressway is set to undergo a transformative upgrade as Apco Infratech Pvt Ltd takes charge of developing enhanced wayside amenities. The bid was secured through a competitive bidding process. MSRDC leased the land to Apco for a 60-year period and secured Rs 275 crore in lease fees, which is to be paid in phases. Apco Infratech, known for its involvement in the Versova-Bandra Sea Link project, is set to invest Rs 8-10 crore at each of the 16 key locations. This development comes as an essential step to address past criticisms and enhance the travel experience along the expressway.Read more

29 Jan 2024

Prime Minister Narendra Modi inaugurated three key infrastructure projects in Kochi, Kerala, collectively valued at over Rs 4,000 crore. The projects, including the New Dry Dock at Cochin Shipyard, the International Ship Repair Facility, and the LPG Import Terminal, align with Modi's vision to revolutionize India's ports, shipping, and waterways. The Prime Minister celebrated the positive impact on Kerala's development, anticipating significant boosts to shipbuilding, repairing, and the LPG sector. Modi acknowledged the transformative reforms in the sector over the past decade, foreseeing Asia's largest ship repair centre in Kochi and extended wishes for Kerala's continued rapid development.Read more

26 Jan 2024

The Noida Metro's Blue Line extension faces a cost increase from the estimated Rs 1,517 crore in 2018 to Rs 1,873 crore. The revised project report proposes the state government covering 80% of the cost, approximately Rs 1,225.34 crore, with additional contributions from Uttar Pradesh. The central government is expected to fund 15.3%, around Rs 235 crore, with concerns about land acquisition costs, taxes, and financial complexities challenging the project's viability.Read more

25 Jan 2024

A study by the Indian Institute of Technology (IIT) Bombay has helped the Brihanmumbai Municipal Corporation (BMC) tackle longstanding traffic congestion on Swami Vivekananda Road (SV Road) in Malad, Mumbai. The economic impact analysis conducted by IIT Bombay demonstrated that the economic toll of traffic congestion outweighed the costs of removing structures impeding road-widening efforts. This justification empowered the BMC to expedite the removal of 328 structures obstructing a crucial 2.4 km stretch of SV Road, thereby providing relief to commuters in the Goregaon-Kandivali belt. The positive outcomes include improved average speeds and successful relocation or compensation for affected parties.Read more

24 Jan 2024

KKR's Highways Infrastructure Trust (HIT) has revealed its acquisition of 12 road projects from PNC Infratech and PNC Infra Holdings, constituting one of India's most substantial transactions in the road and highways sector, valued at Rs 9,005.7 crore. Pending approval from regulatory authorities and banks, the portfolio includes 11 hybrid annuity concessions from the National Highways Authority of India and one toll road concession from the Uttar Pradesh State Highways Authority. Encompassing around 3,800 lane kilometres across multiple states, this move significantly expands HIT's infrastructure footprint, emphasizing a strategic commitment to India's growing infrastructure sector and fostering expectations of improved connectivity and economic growth in the regions involved.Read more

23 Jan 2024

The Uttar Pradesh government plans a 1,000-acre 'New Ayodhya' township, blending contemporary and traditional architecture, making it India's first vastu-based township. Set to be river-centric and sustainable, it has already secured land and is attracting developers due to the upcoming inauguration of Ram Mandir. Land prices in Ayodhya have surged 50%, and the township aims to address demand for commercial and residential spaces. Hotel chains like IHCL, Marriott, Sarovar, and Wyndham have future hotel plans for Ayodhya. The 'New Ayodhya City' aligns with PM Modi's vision for holistic development and socio-economic growth in the region.Read more

23 Jan 2024

In 2007, the Delhi State Industrial and Infrastructure Development Corporation (DSIIDC) acquired 147 acres of land in Rani Khera from the Delhi Development Authority (DDA). The recent approval from the Lieutenant Governor (LG) paves the way for notifying this land for industrial development. The transfer of land ownership from DDA to DSIIDC established the groundwork for potential industrial initiatives, marking a significant step in Delhi's ongoing efforts to boost industrial infrastructure. Following legal clearance, the Industries department sought Saxena's approval on January 3, citing provisions in the Delhi Industrial Development Operation and Maintenance Act, 2010.Read more

22 Jan 2024

The National Highways Authority of India (NHAI) has reintroduced the Build Operate Transfer (BOT) model for highway construction, inviting bids for eight key projects with a combined investment of Rs 31,000 crore. After years of dormancy due to private investor risk aversion, the BOT model aims to rejuvenate private participation in building and operating highways. The NHAI's decision, part of a broader strategy, reflects an effort to diversify funding sources, reduce government reliance on the budget, and enhance the quality of construction through long-term private sector involvement.Read more