Tag Archives: infrastructure in india

Centre sets up empowered group of secretaries to monitor PM Gati Shakti roll out

The government on Monday said it has constituted an empowered group of secretaries (EGOS), headed by the cabinet secretary, which will be a monitoring mechanism for the development and implementation of the PM Gati Shakti National Master Plan. In a … Continue reading

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Green nod suggested for Delhi’s 1st transit-oriented hub; 143 trees to be felled, transplanted

The Environment Ministry’s Expert Appraisal Committee (EAC) has recommended granting environmental clearance to phase one of the ‘Integrated Development of East Delhi Hub‘ project under which 123 trees are planned to be felled and 20 transplanted. The Delhi Development Authority … Continue reading

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Gadkari inaugurates, lays stones of road projects worth over Rs 6,000 crore in Himachal

Union minister Nitin Gadkari on Thursday inaugurated and laid foundation stones of road projects worth Rs 6,155 crore in Himachal Pradesh through video conferencing from Manali in Kullu district. The projects included the 39-km-long Parwanoo-Solan section of the NH-22, constructed … Continue reading

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Maldives signs contract for rolling out of India-funded mega infra project

The Malpes on Thursday sealed a contract for the implementation of an India-funded connectivity project, billed as the largest infrastructure initiative being rolled out in the island nation. Under the Greater Male Connectivity Project (GMCP) project, a 6.74-km-long bridge and … Continue reading

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438 infra projects show cost overrun of Rs 4.3 lakh crore

As many as 438 infrastructure projects, each worth Rs 150 crore or more, have been hit by cost overruns totalling more than Rs 4.3 lakh crore, according to a report. The Ministry of Statistics and Programme Implementation monitors infrastructure projects … Continue reading

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GST levy on annuity payments of BOT-HAM projects to have limited impact on project cash flows: Icra

GST levy on annuity payments of BOT-HAM projects will have limited impact on project cash flows, domestic rating agency Icra on Wednesday. “With NHAI reimbursing additional tax burden on account of GST levy on annuity payments for BOT (build-operate-transfer)-HAM (hybrid … Continue reading

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Delhi to Mumbai in just 13 hours: India to make world’s longest expressway by March 2023

Union Minister for Road Transport and Highways Nitin Gadkari on Friday announced that the government is constructing the world’s longest highway — the Delhi-Mumbai Express Highway. The first phase from Delhi-Jaipur (Dausa)-Lalsot and Vadodara-Ankleshwar is expected to be open to … Continue reading

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Govt must go back to pre-Covid bidding criteria: L&T Group chairman AM Naik

Larsen & Toubro (L&T) Group chairman AM Naik has sought the return to pre-Covid norms for commercial eligibility in infrastructure project bids and inclusion of stringent quality parameters to ensure desired standards and defined milestones for long-gestation and complex government … Continue reading

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483 infra projects show cost overruns of Rs 4.43 lakh crore

As many as 483 infrastructure projects, each worth Rs 150 crore or more, have been hit by cost overruns totalling more than Rs 4.43 lakh crore, according to a report. The Ministry of Statistics and Programme Implementation monitors infrastructure projects … Continue reading

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Fear of road assets being owned by foreigners led to reducing road project bundles: Nitin Gadkari

Fear of foreign pension and insurance funds owning assets in the country made the government reduce the bundle size of road projects being offered to investors as part of the monetization plan, Union Minister Nitin Gadkari said on Saturday. Gadkari, … Continue reading

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