PM Modi launches infrastructure projects worth over Rs 4000 cr in Kochi, Kerala
Author : PNT Bureau
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....
Noida Metro's Blue Line extension cost rises by Rs 350 Crore
Author : PNT Bureau
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....
IIT Bombay analysis paves the way for BMC's SV Road expansion
Author : PNT Bureau
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....
KKR's Highways Infrastructure Trust secures 12 major road projects for Rs 9,005 Crore
Author : PNT Bureau
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....
Uttar Pradesh unveils plans for 'New Ayodhya,' India's first vastu-based township
Author : PNT Bureau
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....
Delhi LG approves notification for 147-acre industrial development in Rani Khera
Author : PNT Bureau
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....
NHAI opens bids for Rs 31,000-cr highway projects under BOT model
Author : PNT Bureau
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....
HUDCO eyes Japanese market to boost external commercial borrowing
Author : PNT Bureau
Housing and Urban Development Corporation (HUDCO) plans to borrow funds from Japan to cut down on costs. It is aiming for a 6.5-7% rate, which is lower than the current rate of 7.5%. The move is part of HUDCO's strategy to expand its loan book to Rs 1.5 lakh crore by 2026. The corporation is actively studying state plans and budgets while appealing to the government for favorable financing status. HUDCO remains optimistic about meeting its fiscal targets and is engaging in MoUs with states for efficient expansion....
BMC faces challenges in completing road overbridges in Mumbai amidst MTHL success
Author : PNT Bureau
The Mumbai Trans Harbour Link (MTHL), a 21-kilometer sea bridge, recently opened after six years, enhancing city connectivity. However, the Brihanmumbai Municipal Corporation (BMC) is struggling to complete two smaller road overbridges, comprising only three percent of MTHL's size. The Vikhroli overbridge, initiated in May 2018, faced delays due to design changes, encroachments, and utility shifts, increasing costs from Rs 47.75 to Rs 97.37 crore. Similarly, the Vidyavihar overbridge, started in March 2018, faced setbacks, escalating costs from Rs 99.98 to Rs 178.93 crore. Activists cite coordination issues among government agencies, emphasizing the urgency of efficient project management for timely infrastructure completion in Mumbai's growing landscape....
Mumbai's GMLR junction to get a facelift with 22 new footpaths
Author : PNT Bureau
Mumbai's M East ward is set to transform its streets with a Rs 6.15 crore project under the Pedestrian First policy. The initiative, focusing on the Ghatkopar Mankhurd Link Road junction, involves constructing new footpaths along 22 roads. The project aims to prioritize pedestrian safety and accessibility, featuring tactile indicators for the visually impaired and a new clock tower at the Indian Oil Junction. This move marks a significant shift in urban design, prioritizing pedestrian needs and setting a new standard for city planning in India....
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