Infrastructure
PM GatiShakti: Eight infra projects worth ₹13,000 crore evaluated
During the meeting, all projects were evaluated for their integrated planning and conformity with the PM GatiShakti principles. Emphasis was placed on the socio-economic benefits, improved connectivity, reduced transit costs and enhanced efficiency. The railways project, from Manmad to Jalgaon, involved an estimated investment of Rs 2,594 crore. The other project (from Bhusawal to Burhanpur) involve investments of Rs 3,285 crore.
NHAI sets up dedicated cell to review detailed project reports of national highways
The NHAI has established a DPR cell at its headquarters in New Delhi to meticulously review detailed project reports for national highway projects, aiming to ensure high construction standards, cost efficiency, and timely completion. This dedicated cell, comprising around 40 professionals with expertise in various domains, will harmonise the review process and guarantee the preparation of quality DPRs before project execution for uniformity and project success.
Bengaluru's Second Airport: Location, timeline, plans, preparations, cost
In light of Bengaluru's growing demands, Karnataka Infrastructure Development Minister MB Patil has directed staff to draft a feasibility study for the establishment of a second commercial airport in the city. In a discussion with senior department representatives, Patil talked about the need for a new airport to serve the quickly expanding city.
PM Gati Shakti scheme is transforming India's infrastructure: Morgan Stanley
In a recent report, Morgan Stanley has lauded India's PM Gati Shakti scheme, highlighting its significant impact on infrastructure development. The report emphasizes India's robust increase in infrastructure investment, projected to rise from 5.3% to 6.5% of GDP by F29, driven by a strong 15.3% CAGR. This growth is expected to total USD 1.45 trillion over five years, fostering high productive growth and enhancing investment rates. PM Gati Shakti integrates 16 ministries for coordinated infrastructure planning, focusing on multi-modal connectivity and logistics efficiency, which has shown tangible results in project completion and sectoral development.
NHAI InviT head Suresh Goyal to quit
Prior to joining NHAI InvIT, Goyal was the Head of Macquarie Infrastructure and Real Assets for South East Asia & India region. Under Goyal, Macquarie Group had won the rights to manage 648km of national highways by bidding Rs 9,682 crore in an auction National Highway Authority of India (NHAI) in 2018.
GNSS-based toll collection to add Rs 10,000 crore to India’s toll revenue: Nitin Gadkari
Speaking at the international workshop on GNSS-based electronic toll collection in India, union minister for road transport and highways Nitin Gadkari said since commercial vehicles including trucks account for 75% of annual toll revenue it is important that the new system is implemented on commercial vehicles first. India’s toll collection stood at Rs 64,809.86 crore in 2023-24 as against Rs 48,028.22 crore in 2022-23, an increase of 34.9%.
As many as 458 infra projects hit by cost overrun of Rs 5.71 lakh cr in May
In May this year, 458 infrastructure projects in India, each with an investment of Rs 150 crore or more, experienced a cost overrun totaling more than Rs 5.71 lakh crore, according to an official report. The Ministry of Statistics and Programme Implementation (MoSPI), which oversees infrastructure projects worth Rs 150 crore and above, highlighted that out of 1,817 monitored projects, 458 faced cost overruns and 831 projects were delayed.
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.
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.
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.
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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.
