Third Thane Creek bridge to transform Mumbai-Navi Mumbai connectivity
Author : PNT Reporter
The third Thane Creek Bridge, connecting Mumbai and Navi Mumbai, nears completion and is set to alleviate traffic congestion. Scheduled for completion in November, with the Mumbai-Navi Mumbai arm expected by June, the project boasts a total of six additional lanes. L&T Limited oversees the construction and the project is planned on a INR 559-crore budget. The 1.84 km main span includes approach roads and a toll plaza. Delays, including environmental permissions and the pandemic, pushed the start to October 2020. Once operational, the bridge promises relief for the daily two-lakh vehicles and ensures improved connectivity for the region....
DDA introduces slum rehabilitation scheme 'Jahan Jhuggi Wahin Makan' in East Delhi
Author : PNT Reporter
The Delhi Development Authority (DDA) will undertake an in-situ slum rehabilitation project named 'Jahan Jhuggi Wahin Makan' in three jhuggi clusters in East Delhi: Kalandar Colony, Deepak Colony, and Dilshad Vihar Colony, accommodating nearly 4,000 households. It marks the first such project in the trans-Yamuna Area and the fourth in the city. Delhi Lieutenant Governor VK Saxena directed expedited completion after witnessing dire living conditions during a visit. The project aims to provide modern amenities through multi-storeyed buildings on seven hectares of land. Despite criticism from the Delhi government regarding previous demolitions, the focus remains on timely execution ahead of elections....
NHAI raises INR 16,000 crore in third round of monetization
Author : PNT Reporter
NHAI concluded its largest InvIT monetization, raising over INR 16,000 crore in 'Round 3', marking a significant milestone in India's road sector. National Highways Infra Trust (NHIT) secured INR 7,272 crore from investors and INR 9,000 crore in debt to acquire 889 km of national highways. Strong demand came from domestic and international investors, including pension funds and insurance companies. The total realized value of all three rounds of InvIT stands at INR 26,125 crore, comprising fifteen toll roads across nine states. The government also revised concession terms for BOT projects to attract private investment, aiming to invite bids for INR 2.1 trillion of highway projects....
Cabinet approves INR 8.399 crore expansion project for Delhi Metro
Author : PNT Reporter
The Union Cabinet in New Delhi has approved Delhi Metro's INR 8,399 crore expansion plan, introducing two new rail corridors to bolster public transport. Set for completion by March 2026, the project aims to alleviate traffic congestion and enhance connectivity. With funding from various sources, the expansion will significantly amplify Delhi's metro network. Additionally, deals to improve cooperation with Bhutan in energy efficiency and trade have been approved....
Maharashtra acquires 2.5 acres for INR 8.16 crore in Jammu and Kashmir for Maharashtra Bhawan
Author : PNT Reporter
Maharashtra emerged as the first state to acquire 2.5 acres in Jammu and Kashmir for a tourist and official facility, the Maharashtra Bhawan, sanctioned by the Maharashtra Cabinet. The land purchase, totaling INR 8.16 crore, near Srinagar Airport, signifies a significant move post the abrogation of Jammu and Kashmir's special status. Maharashtra Deputy Chief Minister Ajit Pawar allocated INR 77 crore for this and another Bhawan in Ayodhya, emphasizing superior facilities for tourists and devotees. The initiative aims to offer comfortable accommodations, signaling a departure from previous land ownership regulations in the region, and highlighting Maharashtra's commitment to development beyond its borders....
Maharashtra cabinet approves land acquisition for Maharashtra Bhavan in Ayodhya
Author : PNT Reporter
The Maharashtra state cabinet approved acquiring a 9,420.55 sq meter plot in Ayodhya for Maharashtra Bhavan at INR 67 crore. This aims to provide devotees comfortable accommodation near the Ram Temple. Additionally, INR 67.14 crore was sanctioned for a state guesthouse in Ayodhya. The proposed plot is strategically located near NH 27 and the airport and is 7.5 km away from the Ram Janmabhoomi Temple. This move, coinciding with the Ram Temple's opening, signifies a political endeavor by the state to capitalize on the temple's significance....
State Cabinet approves INR 24,000 crore government guarantee for MMRDA
Author : PNT Reporter
The state cabinet approved a proposal of INR 24,000 crore for unconditional government guarantees for Mumbai Metropolitan Region Development Authority (MMRDA). This facilitates loans from Rural Electrification Corporation (REC) and Power Finance Corporation (PFC) for various MMR infrastructure projects. REC offers INR 30,593 crore for Metro Line 8, with the government guaranteeing INR 12,000 crore. PFC's INR 50,301 crore loan covers projects like the Orange Gate Freeway-Marine Drive tunnel, with an INR 12,000 crore guarantee. Additionally, MMRDA secured a INR 850 crore loan and INR 19 crore grant from Germany's KFW for Mumbai's Regional Urban Infrastructure Improvement Programme....
Transforming Bhubaneswar: 1,200 affordable homes, 704 modern units, and a 90-acre urban forest'
Author : PNT Bureau
Bhubaneswar's development projects, led by the Bhubaneswar Development Authority (BDA), cater to diverse needs. Nilamadhab Niwas provides 1,200 affordable units under the "Housing for All" policy, benefiting residents like those in Nilamadhab Basti. Ekamra Residency offers 704 modern units, alongside 300 affordable units, ensuring inclusivity for various income groups. The city's largest urban forest, Ananda Bana, spans 90 acres, providing a serene escape for dwellers seeking nature's solace. With a focus on housing and green spaces, Bhubaneswar's development promises a better quality of life for all its residents....
BMC initiates INR 1,329 crore project to alleviate traffic congestion in South Mumbai
Author : PNT Reporter
BMC embarked on a groundbreaking project, allocating INR. 1329 crore, to link the Eastern Freeway and Grant Road, slashing travel time to a mere 6 minutes in South Mumbai. Spearheaded by J Kumar Infraprojects Limited and RPS Infraprojects (P) Limited, this 42-month endeavour promises smoother journeys with an elevated road spanning 5.6 kilometres. Despite initial setbacks, this joint venture showcases a commitment to innovation, with features like a cable-stayed bridge, signalling a transformative shift in urban mobility solutions....
Andhra Pradesh Government considers withdrawing land acquisition notification in Amaravati
Author : PNT Reporter
The Andhra Pradesh government plans to withdraw the 2016 land acquisition notification for 4,300 acres in Amaravati due to litigation issues. The move, promised by the YSRCP before the last elections, aims to address farmer opposition and fulfil campaign pledges. CRDA and Guntur district administrations are tasked with completing the withdrawal process before election notifications. However, this decision sparks controversy as it affects the Amaravati master plan and recent high court rulings. Despite initial notifications, only 180 acres were acquired by 2019, with most farmers obtaining stay orders against acquisition....
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