Transportation Infrastructure

India will spend a whopping 1.7 per cent of its GDP on transport infrastructure this year -- around twice the level in America and most European countries -- a feat that has been noticed even by The Economist which called it 'eye-watering' upgrade that will set stage to achieve a USD 5 trillion economy. Prime Minister Narendra Modi's government has hiked capital outlay on infrastructure to USD 122 billion for the fiscal year starting April as it looks to provide a strong impetus to job creation and boost economic activity amid a global slowdown. According to official data, the Modi government has allocated Rs 2.4 lakh crore for railways capital expenditure, nine times higher than the amount in the financial year 2013-14. The funds will mostly be spent on building tracks, new coaches, electrification, and developing facilities at stations. Allocation for roads has jumped 36 per cent to Rs 2.7 lakh crore for 2023-24. There is also the focus on reviving 50 additional airports, heliport

The road transport and highways sector has the maximum number of delayed projects at 358, followed by railways at 111 and the petroleum sector at 87, showed a government report. In the road transport and highways sector, 358 out of 769 projects are delayed. In railways, out of 173 projects, 111 are delayed, while in the petroleum sector, 87 out of 154 projects are running behind schedule, as per the latest flash report on infrastructure projects for November 2022. The Infrastructure and Project Monitoring Division (IPMD) is mandated to monitor central sector infrastructure projects costing Rs 150 crore and above based on the information provided on the Online Computerised Monitoring System (OCMS) by the project implementing agencies. The IPMD comes under the Ministry of Statistics and Programme Implementation. The report showed that the Muneerabad-Mahaboobnagar rail project is the most-delayed project. It is delayed by 276 months. The second-most delayed project is the ...

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The incentive scheme helps put green transportation on a par with ICE vehicles

Nord Stream 1 is the biggest pipeline transporting cheap natural gas between Russia and Europe via Germany

The development comes at a time when the shipping ministry stares at under-utilisation of assets since there has been slow progress on road and railway connectivity projects

Accidents can be avoided in Kashmir, Himachal Pradesh, Uttarakhand, says union minister

Larsen & Toubro (L&T) on Tuesday said its transportation infrastructure business has secured various orders from prestigious clients. The company did not provide the value of the contracts, but said the orders fall under the "significant" category, which ranges between Rs 1,000 crore and Rs 2,500 crore according to the classification of contracts. The business has secured an order from the Tamil Nadu Road Infrastructure Development Corporation to construct the Chennai Peripheral Ring Road EPC-02 package of section-II in the engineering, procurement and construction (EPC) mode. The scope of work broadly includes constructing a six-lane greenfield highway of 12.80 kms with flexible pavement, two-lane service roads and paved shoulders on both sides of the carriageway, at-grade intersections, major/minor bridges, vehicular/light vehicular/ small vehicular underpasses, and culverts followed by maintenance for seven years, L&T said in a statement. The railways business unit ...

Meru to deliver essential goods to Flipkart customers in Ozone sanitized cabs across Delhi NCR, Bengaluru and Hyderabad

The sudden drop in demand is hurting millions of farmers in the world's second-most populous country

Currently, linear infrastructure firms participate in highway construction and their share in the overall road construction mix is 25 per cent

'Highways for power' will be essential because of gradually rising incomes and the consequent increase in energy consumption, as well as more points of consumption