India-Middle East-Europe Corridor boosts rail and infrastructure prospects
Author : PNT Bureau
Recently presented at the G20 conference in New Delhi, the India-Middle East-Europe Economic Corridor (IMEC) holds great potential for Indian rail and infrastructure firms. The ambitious proposal for this corridor to improve connectivity between India, the Gulf area, and Europe stands to benefit businesses including Iron International, Rail Vikas Nigam Ltd, and Larsen & Toubro, as well as important ports. The IMEC seeks to lessen India's reliance on importing crude oil from West Asia and is considered as a rival to China's Belt and Road Initiative. In India's railway and infrastructure sectors, this development has sparked hope, indicating possible growth and prospects....
MSRDC leases land in Pune and Raigad for 60 years to fund infrastructure
Author : PNT Bureau
The Maharashtra State Road Development Corporation (MSRDC) intends to lease two plots, one in Pune's Mangalwar Peth area and another in Lodhivali, Raigad district, both spanning around 87 acres, for a 60-year contract. They anticipate raising over Rs 358 crore through lease rent and a one-time premium. The Pune plot, conveniently located near the airport and railway station, is 8,900 sq mts, with expected lease rent of Rs 53.40 crore and a one-time premium of Rs 120 crore. The Lodhivali plot, close to industrial zones, spans 345,950 sq mts and aims for Rs 20.75 crore lease rent and a one-time premium of Rs 164 crore....
Residents seek Bombay High Court's help to open Pune's long-delayed bridge
Author : PNT Bureau
Frustrated by the Pune Municipal Corporation's (PMC) delay in opening a bridge connecting Baner, Balewadi, Wakad, and Kaspate Vasti over the Mula River, residents filed a PIL in the Bombay High Court. The bridge, which cost over ?31 crore, was completed in the 2018-19 fiscal year but has remained closed. This has inconvenienced residents who are forced to take a longer route via the busy Mumbai-Bengaluru Highway to reach their destinations. PMC cites land acquisition issues as the reason for the delay, but residents seek court intervention to open the bridge promptly....
Kolkata Municipal Corporation's comprehensive road repair initiative underway
Author : PNT Bureau
The Kolkata Municipal Corporation (KMC) has initiated a road repair drive, starting with some of the most deteriorated sections of central Kolkata roads. Roads like S N Banerjee Road, Rafi Ahmed Kidwai Road, and Bowbazar Street are part of the first phase of repairs. Additionally, the KMC is focusing on roads alongside tram tracks to address safety concerns for motorists and bikers due to abandoned tram tracks following tram service suspension. Mayor Firhad Hakim identified vulnerable stretches in various areas of the city. In the next phase, road repairs will extend to other parts of Kolkata, including the northern and southern regions....
Chennai PWD plans international convention centre to boost event tourism
Author : PNT Bureau
The Public Works Department (PWD) is planning an international convention centre in Chennai, named after former Chief Minister M. Karunanidhi, with the goal of making Chennai a prime destination for major events. The 30-acre site near Dakshina Chitra on the East Coast Road has been chosen for this purpose. The PWD will engage a consultant to design the centre, covering aspects like seating, hotels, landscaping, and parking. The project is expected to start in three months and aims to create a world-class facility for conferences, meetings, exhibitions, and other events, adding to Chennai's cultural heritage....
Chennai metro rail construction causes sinkhole, disrupts traffic flow
Author : PNT Bureau
A sinkhole, measuring 1.5 meters in depth and diameter, appeared on Durgabai Deshmukh Road due to underground Chennai Metro Rail construction. The incident occurred during the construction of an underground network as part of the Chennai Metro Rail's Phase II project. This phase aims to connect Kellys to Taramani, part of corridor 3 within the project, with an estimated cost of 61,843 crore. The sinkhole developed during tunnel construction between Greenways Road and Adyar, affecting traffic and leading to efforts to fill and repair the hole. Similar incidents have occurred in the past during Chennai's metro construction projects....
Bengaluru-Mysuru National Highway transforms from 'Highway of Death' to safe passage
Author : PNT Bureau
The Bengaluru-Mysuru National Highway, previously infamous as the "Highway of Death," has undergone a remarkable transformation, significantly reducing accidents and fatalities. Thanks to stringent measures implemented by law enforcement agencies, the highway has become safer for commuters. Fatalities have seen a substantial decline, with only 6 recorded in August compared to 29 in May. The comprehensive approach included measures like banning two-wheelers, strategic diversions, improved signage, and advanced CCTV cameras. While improvements are evident, rural areas and Tumkur still face higher accident rates, emphasizing the need for ongoing safety efforts....
Kolkata's ambitious East-West Metro project to boost city's connectivity by year-end
Author : PNT Bureau
The East-West Metro project in Kolkata, spanning from Howrah Maklan to Esplanade, overcame multiple obstacles and is now slated for a December completion, following which the metro will become fully operational by 2024. Trials are underway for the Howrah Maidan and Esplanade section, with temporary rakes in use until the Esplanade-Sealdah stretch is finished. Persistent water seepages have plagued the Bowbazar area since 2019. Upon completion, the metro will run every 12 minutes, linking the eastern and western parts of Kolkata. Despite construction challenges, the 16 km metro line aims to be fully operational by June 2024, with India's first under-river metro section....
PWD Minister warns Belagavi Development Authority against illegal layouts
Author : PNT Bureau
In a recent meeting of the Belagavi Urban Development Authority (Buda), PWD minister Satish Jarkiholi emphasized the importance of adhering to regulations in the development of roads, gardens, underground drainage, and public spaces for layouts. He sternly warned against permitting illegal layouts, stressing the need for comprehensive inspections before granting permissions. The meeting also approved the preparation of the 3rd revised master plan to include 28 villages within Buda's jurisdiction, as authorized by the government. Minister Jarkiholi additionally directed officials to rectify any inadvertent omissions in the village inclusion process....
Dakshina Kannada's upcoming IT Park progresses with RFP announcement
Author : PNT Bureau
Minister Dinesh Gundu Rao has announced that the Request for Proposal (RFP) for a new IT park in Derebail, Dakshina Kannada, will be unveiled within the next two months. This ambitious project, set to be executed under a public-private-partnership (PPP) model on a three-acre plot owned by KEONICS, has received government approval. There are considerations to extend the contract period for the park's developer from 30 to 60 years. Furthermore, revisions to zonal regulations for the Mangaluru Master Plan are underway. Dredging activities at the Old Port and construction of a jetty for country boats at Ullal Kodi are also in the works, along with subsidies for fishermen upgrading their boat engines....
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