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373 infra projects show cost overruns of Rs 3.89 lakh crore

As many as 373 infrastructure projects, each worth Rs 150 crore or more, are hit by cost overruns of more than Rs 3.89 lakh crore owing to delays and other reasons, according to a report.

Growth Catalyst: Jewar Airport expected to create infra, generate jobs

The upcoming International Airport at the Jewar township of Greater Noida is expected to be a growth catalyst for the region, say industry analysts, as the project is expected to create urban infrastructure and generate jobs.

Nitin Gadkari rues hurdles being faced in road projects across country

Gadkari also asked all MPs to remain aware about road projects in their respective constituencies and help in resolving problems coming on the way of constructing roads and bridges.

India-Japan summit: Focus on Rs 13,000 cr investment in Northeast

Japan's involvement in Northeast India and its plans to expand its footprint in the region figured high at the ministerial dialogue held among the defence ministers and foreign ministers of the two countries on November 30.

Sweden to help India in building climate neutral smart city

Gurgaon based developer, M3M, signed an agreement with the Swedish company to develop 165 acre smart city project which will attract a foreign investment of around US$ 2 billion. The smart city will take 7-10 years to complete and will look for foreign investments for different services.

Roads to be Audited to identify Black Spots, assess cause of accidents: Nitin Gadkari

Road accidents in India claimed over 1.5 lakh lives in 2018, a recent report by the transport ministry revealed. India ranks 1st in the number of road accident deaths across the 199 countries reported in the World Road Statistics, 2018, followed by China and the US. As per WHO, India accounts for almost 11% of the accident related deaths in the world.

An off-and-on scourge for India's infra sector is now becoming serious

Maha just joined Andhra in the list of states where political whim is about to set progress back by years.

Warehousing sector gets investment of Rs 25,000 cr since 2017; figure may touch Rs 49,500 cr by 2021

The industrial and warehousing sector in India has attracted significant investor interest since 2017 led by robust demand from e-commerce and other consumer-led occupiers.

Projects worth Rs 50,000 cr underway to decongest Delhi roads : Gadkari

The central government is invested into a 50,000 crore rupees project for Delhi's congested roads. Clearing the congestion will help reduce pollution in city and the government has found a solution for projects which were delayed because of land acquisition, clearances and other issues.

Jaypee Infratech: Lenders ask NBCC, Suraksha to sweeten offers, submit final bids by December 3

The Committee of Jaypee Creditors met NBBC and Suraksha representatives for several hours to discuss threadbare their takeover offers, before asking them to further revise the bids. They wanted NBCC to provide more land with clear title in lieu of its current offer of over 600 acres land that is under litigation and some unclaimed flats.

Highways ministry lines up projects worth Rs 50,000 crore to be awarded in next 3 months

Highways ministry lines up projects worth Rs 50,000 crore to be awarded in next 3 months

The highways ministry was planning to award road construction projects worth over Rs 500,000 crores over the next three months to boost demand in the construction and automobile sector, Gadkari had said. National Highway projects with a cumulative length of 5,493 km were awarded in 2018-19, Gadkari said.

Govt chalks out plan for Rs 100-lakh cr investment in infra over 5 years: Goyal

Govt chalks out plan for Rs 100-lakh cr investment in infra over 5 years: Goyal

“The investment will transform availability and quality of infrastructure at airports, roads, highways, railways, ports... All infrastructure-related sectors (aviation, shipping, electricity, and oil & gas) are going to see a huge thrust in the next five years,” Goyal said at an awards ceremony organised by the India Trade Promotion Organisation here.

Modi will now need rivals' help to meet $3 trillion infra goal

Modi will now need rivals' help to meet $3 trillion infra goal

States will have to more than triple their contributions from the current decade to meet the $3-tn infra goal.

CRISIL says states need to step up infra spend to Rs 110 lakh cr

CRISIL says states need to step up infra spend to Rs 110 lakh cr

India needs to spend a total of Rs 235 lakh crore spend on infrastructure over the next decade and states will have to step up their contribution from around 41% of the overall infrastructure spending in the current decade. This requires gross domestic product (GDP) growth rate of 7.5% and infrastructure spending of above 6.0% of GDP.

States need to raise infra spending to Rs 110 lakh crore over next decade: Crisil

States need to raise infra spending to Rs 110 lakh crore over next decade: Crisil

The agency said for the country-wide infrastructure, required spending will be Rs 235 lakh crore over the next decade, and called for average GDP growth of 7.5 per cent and infrastructure spending of above 6 per cent of GDP to help achieve this.

FASTag adoption, new projects to improve NHAI cashflows: Report

FASTag adoption, new projects to improve NHAI cashflows: Report

It can be noted that NHAI has been facing funding and cash flow issues leaving many of its projects stalled. The national road builder's debt has risen eight times between fiscals 2014 and 2019 to Rs 1.8 lakh crore, primarily due to spiralling land cost which generally makes up 30-35 percent of a project cost.

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