MSRDC plans to monetize Pune-Mumbai expressway land for major project funding
Author : PNT Bureau
The MSRDC is set to monetize 24 land parcels along the Pune-Mumbai expressway to fund major infrastructure projects like the Samruddhi expressway, Pune Ring Road, and others. These 450 hectares of land will be leased for 99 years, offering a sustainable revenue source. MSRDC possesses 189 hectares in Pune and 262 hectares in Raigad, with some land parcels owned by the corporation and others designated by the government. Tenders have already been floated, providing opportunities for developers to create amenities or residential complexes near the expressway, aligning with the growing trend of wayside investments....
Mumbai's iconic red double-decker buses bid farewell after 80 years
Author : PNT Bureau
Mumbai bid a bittersweet farewell to its iconic red double-decker buses on September 16, 2023. These beloved vehicles, which had graced the city's streets for over 80 years, were not just a means of transport but had also become cultural symbols featured in Bollywood films and songs. Their open-top design offered passengers panoramic views of Mumbai. Although outdated and inefficient, they held a special place in the hearts of residents. In their stead, 25 modern battery-powered double-decker buses have been introduced to enhance transportation and reduce emissions. The retired red double-decker buses will be remembered as a cherished part of Mumbai's history....
DevX to establish the Deakin University’s India campus in Gift City
Author : PNT Bureau
DevX, a managed office space provider in Gujarat, is partnering with Nila Infrastructure to construct Deakin University's India campus in GIFT City. The 25,000-square-foot futuristic campus will be designed and built by DevX with support from JLL India, which facilitated the transaction. Deakin University aims to deepen its engagement with India by opening this campus, marking a historic opportunity to provide world-class education to one of the fastest-growing economies. The collaboration showcases DevX's capabilities and highlights the potential for increased demand for various property offerings, including student housing, retail, commercial spaces, and amenities tailored to the student community....
Bhubaneswar Municipal Corporation establishes land bank for accelerating infrastructure initiatives
Author : PNT Bureau
The Bhubaneswar Municipal Corporation (BMC) has introduced a pioneering initiative aimed at expediting various development endeavours. This innovative approach promises to streamline operations across multiple domains, including sanitation, urban beautification, the establishment of vibrant public spaces, as well as the construction of much-needed parking facilities and public restrooms. By creating a dedicated land bank, the BMC intends to ensure efficient allocation of land resources, thereby facilitating the swift execution of essential infrastructure projects. This strategic move is expected to significantly enhance the city's overall urban development....
Strategic Nechiphu Tunnel and More: Enhancing India's Border Infrastructure
Author : PNT Bureau
Defence Minister Rajnath Singh inaugurated 90 border infrastructure projects worth Rs 2,900 crore by the Border Roads Organisation (BRO) across 11 states and Union Territories in northern and north-eastern regions. These projects encompass 22 roads, 63 bridges, a tunnel, two airstrips, and two helipads, including the vital Nechiphu Tunnel in Arunachal Pradesh and airfields in West Bengal. Since 2021, a total of 295 projects valued at around Rs 8,000 crore have been dedicated to the nation. Rajnath Singh praised the BRO's swift construction using advanced technology, highlighting their role in securing borders and fostering socio-economic development in remote areas....
CIL commits Rs.24k+ Cr investment in 61 green initiatives
Author : PNT Bureau
In a major development, National miner Coal India Ltd (CIL) has unveiled plans to invest a whopping Rs 224,750 crore in 61 first-mile connectivity (FMC) projects, a move aimed at bolstering eco-friendly coal transportation. These projects, organized into three phases, are projected to have a combined coal-handling capacity of 765 million tonnes per annum (mtpa). FMCs, recognized for their safety and environmental benefits over conventional truck-based coal transportation, are at the forefront of CIL's strategy. This substantial investment is part of the Rs.20 trillion Aatmanirbhar Bharat Abhiyan package, with CIL making substantial strides toward full mechanization by 2027-28....
NBCC secures Rs 20 billion contract from Kerala State Housing Board
Author : PNT Bureau
The National Buildings Construction Corporation (NBCC) has secured a significant Rs 20 billion contract from the Kerala State Housing Board (KSBH). This project involves developing a 17.9-acre land parcel in Marine Drive, Kochi, Kerala. While the timeline for execution is yet to be determined, NBCC has also recently obtained a Rs 200 million contract from the Indian government for renovation and construction work at the Mint in Mumbai. This contract encompasses structural and non-structural repairs, renovations, and the construction of a transit camp in Mumbai's Mint colony, operating under Project Management Consultancy (PMC) regulations....
Mumbai-Ahmedabad bullet train's Thane Depot: A benchmark in rail technology
Author : PNT Bureau
The Thane depot, a crucial component of the Mumbai-Ahmedabad bullet train project in Maharashtra, is set to be constructed according to Japan's Shinkansen depots' high standards. This 57-hectare depot will feature state-of-the-art infrastructure for safe train maintenance, including inspection bays, washing plants, and stabling lines. To address Thane's heavy rainfall, advanced drainage systems will be implemented, collecting and storing rainwater for various purposes. Additionally, the depot will recycle sewage and effluent, providing 70% of its water needs, and handle garbage with mechanized facilities. The project aligns with the bullet train's modernity and efficiency, incorporating eco-friendly and energy-efficient elements....
The Petitions Committee of the Karnataka State Assembly has given the Bangalore Development Authority (BDA) a one-year extension to complete the Nadaprabhu Kempegowda Layout (NPKL) project due to ongoing land acquisition cases. This decision came after the BDA explained its need for additional time to provide essential infrastructure. However, the committee expressed dissatisfaction with the BDA's repeated delays and the impact on the 10,000 allottees waiting to build homes. This case highlights the challenges of urban development and the importance of timely infrastructure provision. It also underscores the need for adherence to environmental guidelines in urban planning....
CMRL seeks Rs.150 crore loan for metro ticketing gates in phase II
Author : PNT Bureau
Chennai Metro Rail Limited (CMRL) is seeking a ?150 crore loan to purchase ticketing gates for a section of its phase II project, abandoning a public-private partnership plan. The project with an estimated cost of ?61,843 crore will receive financial assistance from various sources, including Japanese International Cooperation Agency (JICA), Asian Development Bank (ADB), and Asian Infrastructure Investment Bank (AIIB). Construction is underway for the 116-km phase II project in different parts of Chennai....
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