Hyderabad-based infra player Madhucon Projects has sold its 100 per cent stake in Madhucon Agra- Jaipur Expressways Ltd (MAJEL) to Singapore-based Cube Highways and Infrastructure for Rs.248 crore.
Category: Roads & Highways
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2 new road projects to decongest traffic in Gurgaon
Chief Minister Manohar Lal Khattar said Haryana Government will soon under-¡take two new road projects, ´Northern Peripheral Road´ and ´Southern Peripheral Road´ for decongestion of traffic in Gurgaon.
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Hitting the road
Investing in an infrastructure project isn´t really glamorous, more so if it happens to be a still developing economy like India that needs to first create some basic infrastructure. A new road project or a thermal power plant many not excite as much as investing in a cutting-edge technology start-up in India´s own Silicon Valley, Bengaluru
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Project indemnity could boost infra investment
Emerging economies are heavily investing in infrastructure development for a positive economic growth trajectory. The current economic dynamics in India suggest that infrastructure will give a major push to the overall development of the country´s economy in the long run.
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Industrial development along ports to get a push
The shipping ministry is set to launch the National Perspective Plan (NPP) by January next year, aimed at comprehensive and integrated development of coastline.
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Centre leapfrogs Uttarakhand govt on roads construction
The Central Government will directly spend about Rs.12,000 crore to rebuild roads on Char Dham and Hemkund Saheb pilgrim routes in Uttarakhand which were damaged during the 2013 floods, adversely affecting the tourism business in the state, a union government official said. The project will be completed in the next four years.
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One has to be vigilant… PPP will survive if users are happy
First of all, when we talk about a project, it is not only about the project but the risks associated with it. When it is an Indian investor, the risks are lesser in nature. However, a foreign investor comes in looking at a lot of other risk factors as well.
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Hybrid modes of implementation
The Central government approved Smart Cities Mission involves the development of one hundred smart cities in India. One of the most important elements of smart city infrastructure is economical and environment friendly mass scale rapid public transport system.
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We have lagged behind in pacing up with the implementation
There are cities like Delhi, Kolkata, Chennai, Bangalore, etc., where the metro rails are already operational and the construction work is underway for further expansion of the existing metro network. Then there are cities like Hyderabad, Lucknow, Kochi, etc., where the project execution is underway for their respective maiden metro projects.
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The corridors are still in the nascent stages of development
This has not been largely used in the metro rail sector as yet, and this sector is still developing. It is to be noted that these projects take a long time to construct and the initial challenges of right of way need to be overcome.