Infrastructure
Kalaburagi to be developed into smart city with Rs 1,685 cr investment: Karnataka CM Siddaramaiah
Karnataka Chief Minister Siddaramaiah announced plans to develop Kalaburagi into a smart city with an investment of Rs 1,685 crore. Under the Mahatma Gandhi Nagar Vikas Yojana 2.0, Rs 200 crore each will be allocated for infrastructure in Kalaburagi and Ballari. The state also aims to improve road connectivity and rural development in the Kalyana Karnataka region.
Bengaluru, bye bye! Piyush Goyal wants a new Silicon Valley for India
Commerce and Industry Minister Piyush Goyal has proposed creating a new township dedicated to startups, aiming to establish a new Silicon Valley in India. The plan involves developing a 500-acre area to support entrepreneurs and innovators, with the National Industrial Corridor Development Corporation overseeing the project.
South Mumbai to airport in 30 minutes? Coastal road connector makes it happen
Mumbaikars can now enjoy significant relief as a vital section of the Coastal Road project has been officially inaugurated and opened to traffic today. Chief Minister Eknath Shinde, alongside Deputy CM Devendra Fadnavis, emphasized the transformative impact of this development on daily commutes and its potential to ease the city's infamous traffic congestion.
100 days of Modi 3.0: Infrastructure projects worth ₹3 lakh crore approved
The Modi-led government sanctioned ₹3 lakh crore for infrastructure projects within its first 100 days to enhance connectivity and economic growth. Notable projects include a major port in Maharashtra, extensive road construction under PMGSY-IV, high-speed road corridors, new railway lines for better travel experience, and airport upgrades in Varanasi, Bagdogra, and Bihta.
Government to inspect 100% quality tests by contractors under EPC mode of highway construction
Ministry of road transport and highways on Thursday notified amendments to the model engineering, procurement and construction (EPC) agreement and request for proposal (RFP) for consultancy services for authority’s engineer for supervision of EPC projects, mandating engineers to undertake 100% inspection on all new road and bridge projects awarded as against the mandate of inspecting only 50% and 60% projects respectively.
Rural Development Ministry approves construction of roads in three states under central schemes
The Rural Development Ministry has approved the construction of roads in Madhya Pradesh, Maharashtra, and Kerala under various central schemes. The projects include 60 roads in Madhya Pradesh, 117 roads in Maharashtra, and 11 bridges in Kerala. These initiatives aim to improve rural connectivity and infrastructure across the states.
Revamp of Gati Shakti Cargo Terminal Policy in works to woo private players
The Indian Railways is revising its Gati Shakti Cargo Terminal policy to boost private sector involvement in freight infrastructure. New guidelines will reduce costs for private developers, aiming to double the number of terminals. Some capital expenses will now be covered by the railways, making investments more attractive.
Lack of data a regulatory hurdle, says NaBFID
NaBFID faces challenges in convincing regulators about higher provisioning for project loans due to lack of comprehensive data in the infrastructure sector. The Reserve Bank's proposed 5% provision on project loans is questioned by NaBFID, which is setting up an infrastructure repository to strengthen data analytics and support stakeholders.
Road ministry sets up an expert panel to review all tunnel project proposals
In a notification dated September 6, the ministry of road transport and highways said the advisory panel, comprising experts from Oil and Natural Gas Corporation (ONGC), Rail Vikas Nigam Limited (RVNL) and THIDCL, will henceforth tender expert advice during the appraisal of long tunnel projects with length more than 1.5 km.
DPIIT evaluates 18 road projects under PM GatiShakti
The Department for Promotion of Industry and Internal Trade (DPIIT) reviewed 18 road projects in the 78th meeting of the Network Planning Group under PM GatiShakti. These projects, spanning multiple states, aim to integrate various transport modes and provide socio-economic benefits, contributing to regional development. The evaluation focused on multimodal infrastructure and last-mile connectivity.
Kenya airport: Adani sharpens India's challenge to China's global clout
China and India are competing for influence in smaller countries. While China pledges $51 billion for Africa, India's Adani Group faces protests over its plans to manage Nairobi's airport. Adani aims to invest in global infrastructure, challenging China's dominance and enhancing India's strategic footholds worldwide.
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Transforming India's industrial landscape through smart cities
India's National Industrial Corridor Development Programme aims to establish 12 industrial smart cities along the Golden Quadrilateral. This initiative is expected to generate significant employment and attract global investors, enhancing India's role in global value chains. The focus on sustainable development and strategic location underscores its commitment to balanced regional growth.
Karnataka govt to borrow Rs 5,000 cr to develop industrial areas, says state minister MB Patil
Industries Minister MB Patil announced the government's plan to borrow Rs 5000 crore for infrastructure in new industrial areas, focusing on water supply lines and land acquisition. Additionally, a modern startup park is planned in Bengaluru, and a tech park in Belagavi will focus on the med-tech sector.
On a High-way! MoRTH plans to build 74 new tunnels worth ₹1 lakh crore
Addressing the second edition of Tunnelling India conference organised by Ficci on Tuesday, Gadkari favoured giving a majority 51% stake to foreign partners in joint ventures for building tunnels and detailed project reports to improve work quality, saying it will ensure that only serious and technically qualified players bid for tunnel projects.
Road ministry to build 74 new tunnels at an estimated investment of Rs 1,00,000 crore over next few years: Nitin Gadkari
Speaking at the second edition of Tunnelling India conference by the Federation of Indian Chamber of Commerce and Industry (Ficci) on Tuesday, Gadkari said the focus will be on technology upgradation and cost-effective solutions while ensuring performance audits of all under construction projects to ensure construction of world-class infrastructure.
Nitin Gadkari criticises DPR makers for not following procedures in construction of highways and tunnels
Union Minister Nitin Gadkari criticized the makers of Detailed Project Reports (DPRs) for not following proper procedures in highway and tunnel construction. Speaking at a FICCI event, he highlighted issues related to road accidents and tunnel failures, pointing out manipulations in the tender process that escalate project costs unnecessarily.