Banks have been asked by the union finance ministry to disburse loan to road projects developers who have acquired 80 per cent of the required land instead of the existing norm of 100 per cent.
Category: Roads & Highways
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Banks to fund road projects if NHAI readies 80 per cent land
If the National Highways Authority of India (NHAI) made available at least 80 per cent of the land required for public-private partnership (PPP) road projects, banks can now start lending.
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Experts speak on renegotiation of contracts
Some experts argue that the government can allow renegotiation of contracts for infrastructure projects being carried out on public-private partnership (PPP) basis.
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Tunnel construction project faces delay
There has been a long delay in the tunnel construction for the proposed underground metro line from close to Mandi House to ITO in Delhi. The project executing firms - Shanghai Urban Construction Group (SUCG) and Larsen and Toubro (L&T)
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Highway project in Mizoram
In Mizoram, a major road construction project that is financed by the World Bank is to be started soon.
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Tunnel construction project
There has been a long delay in the tunnel construction for the proposed underground metro line from close to Mandi House to ITO in Delhi.
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Nashik to get 3 river bridges to ease its traffic
The Nashik Municipal Corporation (NMC) will construct three new bridges on the Godavari river, for decongestion of traffic on roads in Nashik. The bridges will connect the two river banks. As per the Kumbh mela plan of the NMC,
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ICCT Vallarpadam to get highway connectivity
It will take one more year to provide highway connectivity to International Container Transshipment Terminal (ICCT) Vallarpadam in Kochi, which is expected to give a major boost to the country's trade.
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AP projects face roadblock
The proposed major port project at Dugarajapatnam of Vakadumandal in Andhra Pradesh may not take off because of complications in the identified site.
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Absence of safety measures lead to killing of pillion rider
The National Highways Authority of India (NHAI) on May 27 admitted that no safety measures were planned at the Indiranagar underpass of Nashik, where a 22-year-old was killed on May 25. Pankaj Shinde of Yashaswi apartment, Tornanagar, was killed when the motorcycle he was riding pillion was knocked down by an unidentified vehicle at the recently constructed Indiranagar underpass beneath the city's iconic 5.6-km flyover on the Mumbai-Agra highway during the wee hours of Saturday.