Nagpur unveils ambitious plan for net-zero emissions by 2050
Author : PNT Bureau
Nagpur aims to achieve net-zero emissions by 2050 through India's first Zero Carbon Buildings Action Plan (ZCBAP), contributing to India's net-zero emission goal by 2070. The plan covers public, commercial, and residential buildings, focusing on reducing greenhouse gas emissions through building material choices, design, construction, management, and deconstruction strategies. Nagpur's buildings accounted for a significant portion of the city's energy consumption and greenhouse gas emissions. Developed by Nagpur Smart and Sustainable City Development Corporation Ltd (NSSCDCL) and Nagpur Municipal Corporation (NMC), in collaboration with various organizations, the plan emphasizes stakeholder engagement for a comprehensive and effective approach to sustainability....
Bridging Gaps: BMC's strategic infrastructure development in Mumbai's Western Suburbs
Author : PNT Bureau
The Brihanmumbai Municipal Corporation (BMC) is spearheading transformative infrastructure projects in Mumbai's Western Suburbs. A tender for a Madh-Versova Bridge, spanning 600 meters with a cable-stayed segment, aims to alleviate reliance on ferry services, costing INR 1800 crores. Another crucial venture, an elevated road over the Khar subway, projected at INR 1300 crores, will enhance east-west connectivity in Bandra. Despite environmental and community concerns, BMC's proactive approach, including stakeholder consultations and mangrove preservation efforts, reflects a commitment to holistic urban development. These initiatives promise improved mobility, signaling a strategic leap towards a more efficient and sustainable urban transportation network in Mumbai....
Maharashtra allocates INR 10,519 crore for Pune outer ring road land acquisition
Author : PNT Bureau
The Pune outer ring road, overseen by Maharashtra State Road Development Corporation (MSRDC), secures INR 10,519 crore for land acquisition in the state's interim budget. MSRDC officials confirm the allocation and anticipate completing land acquisition by June, aiming for a June deadline set in a recent review meeting. The project involves two phases, with 90% land acquired for the western phase and commencement planned for the eastern phase. Additionally, the budget allocates INR 22,225 crore for land acquisition for the Virar-Alibaug multimodal corridor. The 136.80 km-long outer ring road aims to alleviate traffic congestion in Pune by redirecting through-traffic....
PM Modi announces major infrastructure projects in Gujarat
Author : PNT Bureau
Prime Minister Narendra Modi inaugurated mega infrastructure projects in Gujarat, including the Sudarshan Setu Bridge, connecting Okha mainland to Beyt Dwarka island, the longest of its kind in India. He virtually launched medical facilities in 23 states, emphasising his government's development pace, inaugurating 200 health infrastructure projects worth INR 11,500 crore, and five AIIMS across various states. Modi highlighted India's swift progress, inaugurating seven AIIMS in 10 days, contrasting past delays. He emphasised his commitment to stop corruption and propel India to the fifth-largest economy, promoting both spiritual heritage and modern development, amidst opposition and historical challenges....
Prime Minister Narendra Modi launched over 2,000 railway infrastructure projects valued at approximately INR 41,000 crore, marking a significant investment in India's transportation sector. In his address, Modi hailed these initiatives as emblematic of the "New India" work ethos, emphasising the nation's shift towards ambitious goals and rapid realisation. He laid the foundation stone for the redevelopment of 553 railway stations and highlighted achievements like the Vande Bharat trains and electrification efforts.Modi also emphasised fiscal responsibility, warning against revenue leaks and advocating for the promotion of local culture through renovated stations....
Leading private equity firm KKR & Co. is stepping up its attention to India's infrastructure market, hoping to commit a sizable chunk of its USD 6.4 billion Asia-Pacific fund to renewable energy, roads, and highway projects. With USD 3 billion in current investments, KKR views India as a critical area for expansion alongside other Asian economies. The company's approach demonstrates its faith in India's economic growth trend and reform-focused methodology. Partnerships with the Vedanta Group demonstrate KKR's dedication to accelerating the switch to renewable energy sources and bolster the company's standing in India's changing infrastructure market....
Historic Sion bridge in Mumbai to be demolished by Feb 29 for modern replacement
Author : PNT Bureau
Mumbai is set to bid farewell to the 112-year-old Sion Road Over Bridge as it closes on February 29 to make way for a new, modern structure. Set to undergo demolition due to its deteriorated condition, the bridge's reconstruction aims to facilitate railway expansion and is expected to last 18-24 months. The project will extend the bridge's span to accommodate additional railway lines, enhancing urban mobility. Traffic congestion is anticipated on alternative routes, with measures like no-parking zones being implemented to mitigate the impact. This marks a significant step in Mumbai's infrastructure development, promising improved connectivity upon completion....
Adani Realty emerges as the highest bidder for MSRDC's 24-acre Bandra Reclamation land, outbidding Larsen & Toubro. With a potential development area of 45 lakh square feet, valued at around INR 30,000 crore, the project aims to blend commercial and residential spaces. Adani Realty's win, amidst stiff competition from industry giants, underscores their prominence in Mumbai's real estate. The revenue-sharing model ensures mutual benefits, with Adani Realty obligated to pay INR 8,000 crore or 22.79% of gross revenue to MSRDC. This collaborative effort, akin to the Dharavi Redevelopment Project, promises to reshape Mumbai's skyline while fostering sustainable and efficient urban development....
MIDC moves forward with land acquisition for industrial estates near Nashik
Author : PNT Bureau
The Maharashtra Industrial Development Corporation (MIDC) is nearing the completion of land acquisition for new industrial estates near Nashik. Covering 348 hectares across Maparwadi and Rajur Bahula, MIDC aims to finalise the process by April's end, enabling infrastructure development. Local farmer cooperation indicates a smooth settlement process. Land rates are set at Rs 94 lakh per acre for Rajur Bahula and Rs 52 lakh per acre for Maparwadi. Industry experts, like Manish Rawal, commend the move, envisioning Nashik's growth as a manufacturing hub. The state government's commitment to industrial expansion is evident, poised to fuel economic development and job opportunities....
Japan extends USD 1.55 billion loan to India for key infrastructure projects
Author : PNT Bureau
Japan has pledged a significant 232.21-billion-yen loan (about USD 1.55 billion) to bolster infrastructure and development across India, spanning crucial sectors like road construction, climate change mitigation, and agriculture. The agreement, signed by officials from both nations, strengthens their long standing bilateral cooperation dating back to 1958. Key projects include enhancing road connectivity in India's North-east, constructing the Dhubri-Phulbari bridge, and upgrading the Phulbari-Goeragre highway. Additionally, investments are allocated for the Chennai peripheral ring road, dedicated freight corridor, start-up promotion in Telangana, sustainable horticulture in Haryana, climate change response in Rajasthan, a teaching hospital in Nagaland, and urban water supply improvement in Uttarakhand....
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