The Union government has permitted the construction major Larsen and Toubro to form a business trust in Singapore and list of its six toll road projects on the Singapore stock exchange that could raise up to $1 billion. The National Highways Authority of India board has approved the L&TÂ’s plans to set up the trust.
Category: Roads & Highways
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Panel report on road developers within one month
The Rangarajan committee set up to look into the aspects of bailout of highway developers will submit its report within a month, officials concerned in the government said in Delhi. The three-member committee is headed by Rangarajan, who is the Prime Minister's Economic Advisory Council.
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Plea to repair road near Panvel RTO office
Travelling to Panvel RTO office from Kalamboli Steel Market has turned a nightmarish experience for motorists as the road condition is very bad.
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HMDA takes initiative to make driving safe on Hyd ORR
To create awareness on safety aspects and safe driving among general public, Hyderabad Metropolitan Development Authority (HMDA) has decided to produce short films and documentaries on the city's outer ring road (ORR).
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Heavy downpour turns Vizags roads unmotorable
Huge potholes and craters have dotted most of Visakhapatnam roads due to the recent heavy downpour in the city. Negotiating the potholed roads has become a herculean task for motorists. Many roads of the city were waterlogged.
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Govt sanctions Rs 12 cr for 19-km road in Nagpur
The Maharashtra government has sanctioned Rs 12 crore for rebuilding the rain battered stretch between Butibori and Wardha in Nagpur.
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Govt holds roadshow in abroad to sell stake in CIL
The Union government's disinvestment department has been on a roadshow in five nations including Germany and the UK to attract foreign investors for its Rs 9,000-crore Coal India's five per cent stake sale. The roadshows are being held in New York, Boston and San Fransisco in the US, followed by Toronto in Canada and London in the UK, sources in the government said.
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Maha CM to review 4 key infra projects on Oct 30
Maharashtra Chief Minister Prithviraj Chavan is to discuss about infrastructure projects worth Rs 11,000 crore on October 30. The projects include passenger water transport sysytem. The CM is to discuss the projects with the Maharashtra State Road Development Corporation (MSRDC).
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Rs 1,000 crore for repair of highways, district roads
The Karnataka government will spend Rs 1,000 crore on repairing the rain-damaged State highways and district roads in the state. About 177 km of State highway and 1,000 km of district roads have been damaged due to the last monsoon rains, say media reports.
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Jharkhand govt takes up repairs on NH-33
The Jharkhand government has finally acted and taken up the repair of the busy and important National Highway-33 in the state, which is dotted with potholes. Prolonged protests have been demanding repair of the highway. Road construction agency Madhucom Projects resumed work on the road on October 22.