STRATEGIC NATIONAL HIGHWAY
Amarnath yatra: High-end CCTVs installed to monitor traffic on J-K highway
Ahead of the beginning of the annual Amarnath yatra, high-end CCTV cameras have been installed along the Jammu-Srinagar national highway to monitor both pilgrimage and regular vehicular traffic, officials said on Tuesday. The traffic department has installed 10 360-degree CCTV cameras from Udhampur to Banihal in Ramban district, while the police department has placed 60 cameras along the highway to monitor vehicular movement and identify suspicious individuals, they said.
"Not in favour of CPEC": India reiterates its stance on PoJK
MEA spokesperson reaffirms India's claim on Jammu and Kashmir, opposes CPEC. Pakistan and China strengthen CPEC cooperation. Baloch activist raises human rights concerns at UN regarding CPEC impact on Balochistan.
How China pulled so far ahead on industrial policy
The problem for the West, though, is that China's industrial dominance is underpinned by decades of experience using the power of a one-party state to pull all the levers of government and banking, while encouraging frenetic competition among private companies.
How China pulled so far ahead on industrial policy
The problem for the West, though, is that China's industrial dominance is underpinned by decades of experience using the power of a one-party state to pull all the levers of government and banking, while encouraging frenetic competition among private companies.
Reach Europe 20 days earlier and for 30% cheaper: How Chabahar port helps India expand its trade footprints globally
India’s pact with Iran to develop the Chabahar port will give a boost to the multimodal transportation network called the International North-South Transport Corridor, enabling exports from South Asia to reach Europe and Russia.
China, Pakistan discuss realignment of Karakoram Highway, speed up CPEC projects
China-Pakistan discussed CPEC projects, Gwadar Port, and KKH realignment. They addressed ML-I upgradation, Dasu Hydropower Project, and security concerns in the region.
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BRO achieves milestone, breaks through 2.79-km Sungal tunnel along Jammu-Poonch highway
The Border Roads Organisation achieved a milestone by breaking through the 2.79-km Sungal tunnel on the Jammu-Poonch national highway, advancing crucial projects for defense infrastructure and socio-economic progress.
Why warehousing is a booming asset class for discerning investors in India
The demand for modern warehousing facilities is touching a new high as e-commerce and retail sales are seeing a surge with each passing day in India.
Road Min sanctions Rs 2,094 cr for widening, strengthening of various NH projects in J&K
The Ministry of Road Transport and Highways (MoRTH) has approved Rs 2,093.92 crore for various National Highway projects in Jammu and Kashmir. This includes funds for widening and strengthening the Rafiabad-Kupwara-Chowkibal-Tangdhar-Chamkot section of National Highway-701 and developing a ropeway from SDA Parking to Shankaracharya Temple. Additionally, Rs 562.40 crore has been sanctioned for upgrading the Nashri-Chennai section of National Highway-244. In Gujarat, Rs 1,532.97 crore has been approved for National Highway upgrades, and Rs 936.26 crore for a four-lane elevated corridor in Jamshedpur, Jharkhand.
Bharat Highways Invit IPO: Check subscription on Day 3 and other details
The issue subscription stood at 2.8 times so far on Day 3 as the IPO received bids for 29.4 crore units as against 10.3 crore units on offer. The net proceeds from the issue will be utilised for providing loans to SPVs and for other general corporate purposes.
Bharat Highways Invit IPO: Check subscription on Day 2 and other details
Analysts advised investors to subscribe to the issue as the Invit seeks to expand its asset base through strategic acquisitions. It may also benefit from the government's enhanced focus on infrastructure.
Bharat Highways Invit IPO: Check subscription on Day 1 and other details
Analysts advised investors to subscribe to the issue as the Invit seeks to expand its asset base through strategic acquisitions. It may also benefit from the government's enhanced focus on infrastructure.
Bharat Highways InvIT IPO opens for subscription. Should you bid?
Bharat Highways InvIT IPO: The IPO of Bharat Highways InvIT has opened for subscription to raise Rs 2,500 crore. The net proceeds will be used for loans to project SPVs and other corporate purposes. Analysts advise subscribing as the company plans to expand its asset base through acquisitions and benefit from government focus on infrastructure.
Cube Highways plans to sell 7 road projects
Singapore-based Cube Highways & Infrastructure, an investment arm of I Squared Capital, plans to sell seven highway projects spanning 516 kilometers to monetize its road assets. The assets include one BOT asset and six hybrid annuity model assets, with a total revenue of ₹860 crore in FY23.
Several strategic roads in North and East Sikkim blocked due to heavy snowfall: BRO
Heavy snowfall in Sikkim has blocked roads causing disruption of socio-economic activities. BRO restored connectivity for armed forces via Donkyala pass post devastating flash floods with the help of 758 BRTF under Project Swastik, despite harsh weather conditions.
BRO achieves breakthrough of 700-meter long Naushera tunnel on Jammu-Poonch highway
The Border Road Organisation (BRO) achieved a major milestone by breaking through the Naushera tunnel on the highly strategic 200 kilometers long Jammu-Poonch stretch of the National Highway. This breakthrough ceremony was conducted under the supervision of BRO Director General Lt Gen Raghu Srinivasan. The construction of the Naushera tunnel, spanning 700 meters, is a crucial link connecting Akhnoor and Poonch. The BRO is spearheading road projects to enhance regional connectivity and facilitate smoother transportation along the Jammu-Poonch link.
KKR's road InvIT to acquire 12 assets from PNC infratech
"The transaction is one of the largest acquisitions in the highways sector. Annuity nature of cashflows from the Target Portfolio would provide further stability to our existing portfolio. This investment is in line with our thesis of acquiring assets with long balance concession life generating predictable distributions for our unitholders," said Gaurav Chandna, head - strategic finance at Highway Concessions One.
Grip Invest raises $10 million in equity and debt, led by Stride Ventures
Of the total, $1.5 million is venture debt while $8.5 million was raised via fresh equity and convertible notes, the company said on Tuesday.
Noida authority plans new parallel highway to decongest Noida-Greater Noida Expressway
The proposed 32km expressway is planned along the Yamuna Pushta Road, spanning from Sector 94 near the Delhi border at Kalindi Kunj to Sector 150, in close proximity to Greater Noida, with a connectivity link to the Yamuna Expressway. This strategic move is specifically tailored to manage the anticipated increase in traffic to and from the new airport.
Godrej Properties buys 4-acre land in Bengaluru, plans over Rs 1,000-cr residential project
Godrej Properties, the real estate development arm of the Godrej Group, has acquired a 4-acre land parcel in Yeshwanthpur, Bengaluru, to develop a premium residential project with a revenue potential of over Rs 1,000 crore. The proposed project is estimated to have a development potential of over 7 lakh sq ft of saleable area, including premium residential apartments of various configurations.
Modi govt has a Rs 20-lakh crore highway plan to double the travel speed to nearly 90 kmph across the country
Once finalized, this initiative is poised to nearly double the average travel speed on the National Highway (NH) network from the existing 47 kmph to an impressive 85 kmph. A comparison reveals that the current average travel speed on highways in the US exceeds 100 kmph, while in China, it stands at 90 kmph
EAM Jaishankar may visit Russia this month
Focus will also be on the Russia-Ukraine conflict, with Jaishankar reiterating India's stand that dialogue is the way forward, one of the people cited earlier said. Russian officials are expected to brief the visiting minister on the state of the war. The visit is expected to focus on connectivity initiatives that would boost bilateral trade amid Russia's focus on building and expanding connectivity networks in Asia, said people familiar with India-Russia ties.
Centre sanctions Rs 625.61 crore for building strategically important road in Arunachal
Taking to X, Union Road Transport and Highways Minister Nitin Gadkari said, "In Arunachal Pradesh, an allocation of Rs 625.61 crore has been sanctioned for the construction of an intermediate lane road with hard shoulders, spanning 53.04 kilometers from Tato to Monigong section of National Highway 913, also known as the Frontier Highway.
Industrial and Logistics sector in Kolkata to record 5-year high in supply
Total I&L supply in 2023 is likely to touch 5.2 mn. sq. ft. Kolkata’s strategic location as the entry point to the country’s east and further to land-locked countries such as Nepal and Bhutan and the state’s industrial prowess has further boosted the city’s I&L sector.
17-year long wait for Dwarka Expressway likely to delay further
The completion of the Dwarka Expressway, India's first elevated urban expressway, has been delayed until October, according to officials from the National Highways Authority of India (NHAI). The delay is due to efforts by NHAI to integrate slip roads from the Central Peripheral Road and Southern Peripheral Road with the main highway to improve traffic flow.
Uttarakhand: Portion of Gangotri Highway caves in following landslide, traffic diverted
According to officials, a stretch of around 60 meters has caved in and the area is close to an airstrip said to be strategically important. The nearby Tehri Dam is said to be the reason for the landslide, said officials. Authorities have erected a sign board for commuters to avoid any untoward incident.
Over 20 strategic roads close to LAC have year-end deadline
Most of these proposed single-lane roads will traverse into the Changthang cold desert sanctuary and require green clearances. In fact, several of them have recently received green clearances at the state level and are now queuing up for final wildlife and forest clearance approvals with the Union environment ministry, it is learnt. In some of the cases, bids have also been invited.
Govt issues guidelines for signages on expressways, national highways to enhance road safety
The Indian government has issued guidelines for road signs that will improve safety for drivers on expressways and national highways. The signs will conform to best practices and global standards, thanks to guidelines approved by Union Minister for Road Transport and Highways Nitin Gadkari.
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