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| 09 August, 2020, 02:05 AM IST | E-Paper
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    Infrastructure

    'Network of highways in J&K, Ladakh to give impetus to region's growth'

    Creation of a network of highways in Jammu & Kashmir and Ladakh is bound to give impetus to growth in the region, the Ministry of Road Transport and Highways said on Friday.

    India plans to set up Japanese industrial township in Assam: DPIIT Secretary

    ​​Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Guruprasad Mohapatra said they are working on a Geographic Information System-enabled data base of industrial areas and clusters across the country.

    Meghalaya completes over 1,300 km roads under PMGSY despite COVID-19 crisis

    "Out of 971 sanctioned schemes covering a total length of 4,303.70 km, 414 projects with a total length of 1,353.12 km have been completed, while 528 schemes covering 2,849.98 km of roads are in progress," the statement issued by the Chief Minister's Office said.

    National Highways Authority of India eyes asset monetisation as TOT model skids

    Singapore-based Cube Highways, which bagged TOT-3 bundle in November 2019 quoting Rs 5,000 crore, has so far not made the payment to NHAI.

    Delhi-Mumbai Eway: India’s national highways building authority and NIIF part ways

    A year on, talks between the parties have not fructified, with NIIF not ready to bear any risks, two senior officials closely aware of the developments told ET. “We have decided to invest equity on our own,” a senior NHAI official said. “Working on its own, NHAI can act faster,” the official said, citing delays in discussions.

    Dilip Buildcon bags road project worth Rs 1,140.50 cr in Telangana

    "The company has been declared as L-1 bidder in the tender floated by the National Highways Authority of India for the...project in the state of Telangana," the company said in a filing to the BSE. The company informed exchanges that the project is worth Rs 1,140.50 crore.

    UP to set up MSME industrial parks; marks DPR for north India’s longest expressway

    States have also been encouraged to promote such units in a bid to help the economy recover from the disruption caused by the lockdowns. In line with this, UP has decided to set up MSME parks in Varanasi, Agra, Kanpur, Moradabad, Gorakhpur and Azamgarh. The state has the largest number of MSM units in the country at 14%.

    Enhancing competitiveness: Soon, green corridors to slash logistics costs to 10 per cent of GDP

    The government has identified eight sectors including textiles, leather, agriculture and gems & jewellery where transportation and warehousing issues will be resolved as part of a mega plan to reduce logistics costs to 10% of GDP from 13-14% now.

    Covid deepens Indian infra sector's troubles, flagship projects among casualties

    “At present everything is in a state of pandemonium,” Hemant Kanoria, chairman of Srei Infrastructure Finance Ltd. in Kolkata, said, while seeking a one-time recast of loans for construction firms, clearance of dues owed by the government and faster resolution of disputes to ease cash flow. “Otherwise everyone is dead.”

    'Upcoming road projects may shift towards PPP as govt funds getting impacted due to COVID-19'

    Addressing the company's 22nd annual meeting virtually, the company's Chairman and Managing Director Virendra Mhaiskar said the firm will focus on BOT (build-operate-transfer)-based projects.

    Banks can't fund infrastructure projects, industry has to find new ways: RBI Governor

    Banks can't fund infrastructure projects, industry has to find new ways: RBI Governor

    “On financing options for infrastructure, we are just recovering from the consequences of excessive exposure of banks to infrastructure projects,” Das said.

    India Inc seeks a boost in public infrastructure funding to tide over the pandemic

    India Inc seeks a boost in public infrastructure funding to tide over the pandemic

    A combination of borrowings from central public sector enterprises (CPSEs) and central government could be considered to finance the stimulus, which in turn could be channelled into relevant projects, said the industry body. The suggestions came on the back of findings from an industry-wide survey which showed that businesses fear negative top-line growth and economic impact due to the Covid-19 pandemic to extend to the next three quarters or more.

    403 infrastructure projects show cost overruns of Rs 4.05 lakh crore owing to delays

    403 infrastructure projects show cost overruns of Rs 4.05 lakh crore owing to delays

    "Total original cost of implementation of the 1,686 projects was Rs 20,66,771.94 crore and their anticipated completion cost is likely to be Rs 24,71,947.66 crore, which reflects overall cost overruns of 4,05,175.72 crore (19.60 per cent of original cost)," Ministry of Statistics and Programme Implementation latest report for March 2020 said.

    Delhi-Varanasi high-speed rail (HSR) corridor plan rolled out, aims to reduce travel time to 4.5 hours

    Delhi-Varanasi high-speed rail (HSR) corridor plan rolled out, aims to reduce travel time to 4.5 hours

    Once the Delhi-Varanasi corridor is ready, a bullet train could reduce travel time between the two cities to about four-and-a-half hours.

    Two expert members of Char Dham panel call the road project a 'Himalayan blunder'

    Two expert members of Char Dham panel call the road project a 'Himalayan blunder'

    The two members in the Supreme Court-appointed committee on Char Dham road project have raised concerns over the road transport and highways ministry’s decision to divide the entire stretch to 53 smaller projects to avoid conducting environment impact assessment (EIA) study despite the hills being contiguous.

    Strategic Z-Morh tunnel in Kashmir to be completed by Jun 2021: Official

    Strategic Z-Morh tunnel in Kashmir to be completed by Jun 2021: Official

    "During the meeting, it was given out that Z-Morh tunnel project comprises 6.5-km tunnel, a 6-km approach road, two major bridges and one minor bridge. The project worth Rs. 2,379 crores is expected to be completed by 30th June, 2021 and will provide round-the-year connectivity to Sonamarg," an official spokesman said.

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