India is a burgeoning economy and is emerging as one of the worldĆĀ“s leading markets. It expects to sustain strong growth over the coming years and strives to become one of the top three economies in the world by the middle of the century.
Category: Roads & Highways
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Ministry may set up new transport dept
The union ministry of road transport and highways is considering the creation of a separate transport department, Secretary Vijay Chhibber said.
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Work to begin on Metrino in 6 months: Nitin Gadkari
The government's ambitious Rs 4,000 crore 'Metrino' public transport project, which will enable people to travel in driver-less pods suspended to a ropeway in the national capital region, will hit the ground soon. A presentation has already been made before Prime Minister Narendra Modi and the entire Union Cabinet and the work will start within six months, Road Transport and Highways Minister Nitin Gadkari said.
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15 electric buses to hit roads in 6 months
As many as fifteen electric buses, based on economically viable battery technology are being developed in collaboration with Indian Space Research Organisation (ISRO). These will hit the roads in six months on a pilot basis, Road Transport and Highways Minister Nitin Gadkari said.
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Rs.400 cr project for waterways; 7 major ports on anvil
To boost waterways, the government has prepared a Rs 400 crore project under which the centre will provide subsidy of 50 per cent to states to build floating jetties, Road Transport and Highways Minister Nitin Gadkari has said.
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Six laning of Bengaluru-Chennai expressway
The revised final feasibility report for six laning of the Bengaluru-Chennai expressway is under preparation and the funds likely to be incurred on the project will be finalised after its completion.
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Logistic park along Lucknow-Agra E-way
An MoU between the UP government and Container Corporation of India (Concor) of the railway ministry is to be signed soon to develop a Rs 4,500-crore logistic park along the countryĆĀ“s longest Agra-Lucknow Expressway.
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Local bodies to woo investors for projects in Pune
With the state and the Centre asking local governing bodies to generate their own revenue and develop infrastructure without depending on government aid, both Pune Municipal Corporation (PMC) and the Pune Metropolitan Development Authority (PMRDA) are gearing up to attract private players to invest in the city and the region.
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Awarding of road projects
A new mode of delivery under public-private partnership (PPP) mode, namely Hybrid Annuity Model, is being considered for awarding road projects for implementation, Pon Radhakrishnan, Minister of State for Road Transport & Highways, said.
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100% stake sale cleared in BOT projects
The Cabinet Committee on Economic Affairs has amended its earlier approval dated May 13, 2015, for permitting 100 per cent equity divestment after two years of construction completion for all BOT projects, irrespective of year of award.