While addressing the Regional Editors Conference in Chandigarh, the Minister for Road Transport Highways & Shipping, Nitin Gadkari, gave an overview of his ministryÂ’s achievements as well as plans for future growth.
Author: admin (Infratructure Today)
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India to set up logistic hubs near sea ports
The Indian government is setting up logistic hubs near sea ports with private sector participation to address several challenges related to receiving shipments and also inland transportation of goods. The government is also trying to make electronic data interchanges at major ports that are completely under the control of the Central government.
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Road construction pace set to double by FY18 | Crisil
Various reforms initiated by the government to ensure speedy approvals and clearances aided the pace of construction of roads, which improved 40 per cent from an average 4.3 km per day in FY2014-15 to 6 km in FY2015-16 and is likely to reach 11 km by FY2018, says Crisil.
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KONE wins order to equip Lusail Light Rail Transit System in Doha
KONE, a global leader in the elevator and escalator industry, has won an order for 139 elevators, escalators and autowalks to be installed at the Lusail Light Rail Transit system , a railway transportation project currently under construction in the new city of Lusail, north of Doha, Qatar. Developed by Qatar Rail, the new sustainable transport system is expected to accommodate the 250,000 inhabitants of Lusail and serve around 40,000 daily visitors.
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Mumbai to see spurt in office rental value growth | JLL
As per JLLÂ’s recent Global Real Estate Outlook, MumbaiÂ’s office space occupiers will have to face upward revisions in rents in the coming years. Compared to Q2 2015 when MumbaiÂ’s rental values had bottomed out, the city will now start to see acceleration in its rental value growth from Q2 2016.
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Passenger Vehicle sales set to cross 3 million units this fiscal
Passenger vehicle sales in India are poised to cross the 3 million unit milestone this financial year as new models and compact SUVs serve pent up demand from customers with better disposable incomes in both urban and rural areas.
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MbPT to free 150 hectares for infra projects
Mumbai Port Trust (MbPT) will free 150 hectares from its land parcel for iconic infrastructure projects such as entertainment hubs and all weather marina project.
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Azure Power Global Limited announces pricing of IPO
Azure Power Global Limited has announced the pricing of its initial public offering of 3,409,091 equity shares, including 2,242,424 equity shares to be sold by Azure Power and 1,166,667 shares to be sold by certain selling shareholders, at a price to the public of $18.00 per equity share.
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Panasonic and Schneider Electric partner to simplify energy management
Panasonic Corporation, the worldwide leader in the development of diverse electronics technologies and solutions along with Schneider Electric, the global specialist in energy management and automation, has announced an integrated HVAC equipment and building management solution that brings new levels of HVAC control and energy efficiency to todayÂ’s commercial buildings.
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Ducon secures pet coke pipe conveyor order from Indian Oil
Ducon Technologies (I) Pvt Ltd has announced that the company has secured a prestigious pet coke pipe conveyor contract from Indian Oil Corporation Ltd, for its Guwahati Refinery, through a national competitive bidding process.