Anaimalai TBM achieves breakthrough in Chennai metro's 116.1km expansion
Author : PNT Bureau
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....
YEIDA plans new city development near Noida International Airport with INR 63,000 crore investment
Author : PNT Bureau
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....
Central Government approves Delhi metro"s Red Line extension project
Author : PNT Bureau
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....
Dharavi redevelopment project faces INR 665 crore hurdle in Sector 5 over fee negotiations
Author : PNT Bureau
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....
Delhi villages to get improved roads, drainage, and streetlights through Dilli Gramodaya Abhiyan
Author : PNT Bureau
The Municipal Corporation of Delhi (MCD) is expediting the Dilli Gramodaya Abhiyan, launched in December 2023 by Lieutenant Governor V.K. Saxena, to enhance infrastructure in nearly 200 urbanized villages. With a dedicated budget of INR 407 crore, the project focuses on roads, drainage systems, and streetlights, benefiting areas like Najafgarh, Narela, South Delhi, and West Delhi. Despite initial election-related delays, 28 projects have commenced, primarily in Najafgarh. The initiative aims to improve quality of life for millions of residents, with 349 projects approved by the Delhi Development Authority (DDA) and an overarching goal of creating a more connected city....
14 out of 38 projects under AMRUT scheme progressing as planned
Author : PNT Bureau
The Municipal Corporation of Delhi (MCD) is actively revitalising urban spaces through the AMRUT 2 scheme. Progress includes 14 out of 38 projects, focusing on water bodies, green areas, and sewerage management. Notable achievements include work on 12 water bodies and advancements in sewerage projects. Efforts to accelerate project completion are underway, with emphasis on transforming water bodies into recreational areas. Challenges have hindered some projects, but plans for decentralised sewage treatment plants and additional funding demonstrate MCD's commitment to enhancing Delhi's liveability and sustainability....
GNIDA demolishes illegal structures, reclaims valuable land
Author : PNT Bureau
The Greater Noida Industrial Development Authority (GNIDA) demolished illegal structures in Tusyana village, reclaiming approximately 75,000 square metres of land worth an estimated INR 150 crore. Acting on the CEO's directives, bulldozers cleared ongoing unauthorised construction by local colonisers attempting to develop an illegal colony. The authority warned against land-grabbing, instructing vigilance and action against encroachments. Officials cautioned the public against investing in unauthorised colonies and advised verifying details with GNIDA before purchasing land in Greater Noida to avoid legal issues and unplanned development....
Colliers' Green Commitment: achievements in climate action, diversity, and healthy workspaces
Author : PNT Bureau
Colliers' 2023 Sustainability Report highlights its commitment to a greener future through climate action, diversity, and healthy workspaces. The firm achieved a 24.8% reduction in greenhouse gas emissions per square foot, validated by the Science Based Targets initiative. Women in management roles increased to 33.5%, and over 35% of large offices received a WELL Health-Safety Rating. In India, Colliers implemented eco-friendly practices and secured LEED and WELL certifications for several offices. The firm collaborates with real estate stakeholders to promote sustainable practices, helping clients achieve green certifications and mitigate environmental risks. Colliers sets a positive industry example, enhancing both business and environmental sustainability....
The 84-km stretch of the Mumbai-Goa highway to be completed by December
Author : PNT Bureau
The long-delayed and controversial Mumbai-Goa highway, specifically the 84-kilometre stretch between Panvel and Indapur, is expected to be fully completed by December this year. This development promises improved connectivity and smoother travel between the two major cities. The ongoing project aims to enhance road infrastructure, ensuring safer and more efficient transportation for commuters. Anticipated to be finalized by the end of the year, the upgrade is expected to alleviate congestion and reduce travel time, providing a boost to regional connectivity and facilitating easier access for both local and long-distance travellers along this vital route....
PNB and IIFCL Sign MoU to boost India's infrastructure
Author : PNT Bureau
India's infrastructure development is set to receive a significant boost with the collaboration between Punjab National Bank (PNB) and India Infrastructure Finance Company Ltd (IIFCL). These two financial giants signed a Memorandum of Understanding (MoU) on June 3, 2024, to provide long-term funding for critical infrastructure projects across the country. The partnership aims to streamline financing for infrastructure projects, allowing for larger loans and attracting more investors. The MoU, signed by PNB's MD and CEO, Atul Kumar Goel, and IIFCL's MD, Padmanabhan Raja Jaishankar, is expected to unlock new funding avenues, propelling India's infrastructure growth....
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