Infrastructure
Karnataka's industries minister MB Patil asks his team to prepare blueprint for Bengaluru's second airport to deal with future growth
With Bengaluru’s international airport breaching projections in traffic volumes, the State Government has set the ball rolling on planning a second airport to deal with the future growth. Industry & Infrastructure Minister MB Patil, who chaired a meeting with the infrastructure department officials, asked them to submit a feasibility report for a new airport, saying
Get InvITs under purview of bankruptcy law: SBI MD
SBI official, Ashwini Kumar Tewari, urges inclusion of Infrastructure Investment Trusts (InvITs) in the Insolvency and Bankruptcy Code for lender protection. Tewari is in discussions with the Reserve Bank and government for this initiative.
Delhi Forest Facelift: Nature trails, birdwatching, more plans for 7 forests inspired by UN
In an exciting new3s for Delhiites, the forests department in the capital has planned some green relief for citizens and environment alike. The department is set to give a facelift to seven forests in Delhi to promote sustainable urban environments. The project is much needed for cities like Delhi, which has been reeling under heatwaves for weeks with temperatures reaching over 50 degress Celsius on some days. Here is all you need to know about the government's plans.
NHAI to collaborate with IIIT Delhi to enhance road safety through artificial intelligence
As per the ministry of road transport and highways, NHAI and IIIT Delhi has entered into an MoU under which IIIT Delhi will conduct surveys for collecting imagery and other data related to availability and condition of road signages on selected national highways stretches spread over 25,000 km for accurate identification and classification of road signs.
By 2032, India infrastructure spending will surpass $2.5 trillion, says Adani
The Adani Group, he said, will invest over $100 billion (around ₹8.35 lakh crore) over the next decade in energy transition projects and in manufacturing every major component required for green energy generation. Adani Green Energy is building solar and wind parks. The group is also building facilities to manufacture electrolyzers to make green hydrogen, wind power turbines and solar panels.
Road construction down by 12.1% to 1288 km in the current financial year up to May 2024
As per the monthly update, released the ministry of road transport and highways (MoRTH) on Wednesday, the capital expenditure incurred during the period stood at Rs 57,925 crore till May 2024, which is 42.5% of the capital outlay under the vote on account provision for the first five months of 2024- 25.
Amaravati Redevelopment Plan: Based on Singapore, 51% green cover, timeline and the cost
Following the triumph of the TDP in Andhra Pradesh Assembly elections, the Amaravati capital city project, which was shelved by the outgoing YSRCP government, is now being revived. The greenfield capital city is being envisioned to be an environmentally sustainable one, located between Vijayawada and Guntur cities, covering up to 29 villages. The government has said that Amaravati will be developed as one of the top five capital cities in the world. (Image: Foster and Partners website)
'Aircraft took off': Adani reviews impact of Modi era on India’s growth after 1991-2014 reform runway
Gautam Adani highlighted India’s infrastructure evolution, noting foundations were laid from 1991-2014, leading to rapid development in the last decade under PM Modi. Speaking at a CRISIL event, Adani praised the National Infrastructure Pipeline's integrated approach and announced Adani Group’s $100 billion investment in green energy, aiming for 50 GW capacity by 2030
NHAI to undertake Miyawaki plantations along national highways to restore green cover
The National Highways Authority of India (NHAI), under the ministry of road transport and highways, has identified 53 acres of land parcel adjacent to national highways in and around Delhi and the national capital region where Miyawaki method of Japan will be used for plantations during the upcoming monsoon season and the process will be replicated across India following its success in Delhi-NCR, NHAI said in a statement.
Roads, renewables and real estate investments to go up by 38% in FY’25 and FY’26 to Rs 15 lakh crore: CRISIL Ratings
In its annual Infrastructure Summit 2024, CRISIL Ratings said the surge will ride on India’s need for creation of sustainable infrastructure by adding more green power to the energy mix, improving physical connectivity through a denser road network, as well as rising demand for residential and commercial real estate, cautioning of some risks across three scetors.
NHAI to begin work on Rs 4,000-crore Chattergala tunnel in J-K at earliest: Nitin Gadkari
Union Minister of Road Transport and Highways, Nitin Gadkari, announced on Monday that the NHAI will commence construction on the Rs 4,000-crore Chattergala tunnel project in Jammu and Kashmir promptly. Gadkari chaired a review meeting the same day, attended by Union Minister of State in the Prime Minister's Office (PMO), Jitendra Singh.
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MEP Infrastructure Developers to seek settlement with lenders under IBC: Jayant Mhaiskar
MEP Infrastructure Developers (MIDL) plans to submit a settlement proposal under Section 12A of the Insolvency and Bankruptcy Code (IBC) to resolve its debt issues with lenders. The chairman, Jayant Mhaiskar, aims to seek a settlement before the company faces bankruptcy, highlighting the importance of the IBC provision in creditor settlements.
PM GatiShakti: 3 infra projects worth Rs 6,000 cr evaluated
The MoR project pertains to Gudur-Renigunta Third Rail Line in Andhra Pradesh for the construction of a third rail line between Gudur and Renigunta stations in Andhra Pradesh’s Tirupati district involves an 83.17 km line aimed at enhancing the capacity of the existing double line.
NHAI to monetise assets with Rs 15000 to Rs 20000 crore in 2024-25 through InvIT
The National Highways Infra Trust (NHIT), its infrastructure investment trust formed in October 2020, has so far garnered Rs 26,125 crore in three rounds of monetisation with the per unit net asset value at Rs 124.75 as against the launched value of Rs 101 per unit in November 2021.
FIDC urges RBI to relax draft guidelines on infrastructure provisioning
The Finance Industry Development Council (FIDC) has urged the Reserve Bank of India (RBI) to reconsider and clarify certain proposals in its recent draft circular on infrastructure provisioning, arguing for more flexibility to support the infrastructure sector, specifically addressing concerns regarding standard asset provisions during the construction phase and minimum financing limits.
India-Bangladesh bridge to get operational by September, giving NE access to Bay of Bengal
The bridge was inaugurated by Prime Minister Narendra Modi and his Bangladesh counterpart Sheikh Hasina virtually in March 2021. Modi and Hasina had a brief interaction at the Rashtrapati Bhawan on Sunday night after the swearing-in ceremony of Modi 3.0. Hasina is expected to return for an official visit later in June or July.
