Infrastructure Projects

Road transport, highways sector has most delayed projects: Govt report

The road transport and highways sector has the maximum number of delayed projects at 407, followed by railways at 114 and the petroleum industry at 86, showed a government report. In the road transport and highways sector, 407 out of 717 projects are delayed. For railways, out of 173 projects, 114 are delayed, while in the petroleum sector, 86 out of 146 projects are running behind schedule, as per the latest flash report on infrastructure projects for February 2023. 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. It is delayed by 276 months. The second-most delayed project is the ...

Country is witnessing a revolution in infrastructure projects: PM Modi

Prime Minister Narendra Modi on Saturday said the government's work culture, vision, speed and scale has resulted in a revolution in the infrastructure projects in the country

PM Modi to inaugurate slew of developmental projects in TN on April 8

Prime Minister Narendra Modi will inaugurate several infrastructure projects, including the state-of-the-art integrated terminal building at the Chennai airport, upon his arrival in the state on Saturday. Security has been beefed up across the city in view of the visit while motorists have been asked to plan ahead of their journey to reach their destination as elaborate traffic diversions have been made, police said. Following his arrival, Modi will open the new terminal, the first phase of which has been completed. It is expected to enhance the passenger traffic to 35 million per year. "This will be an important addition to Chennai's infrastructure. It will boost connectivity and also benefit the local economy," Modi had said in a tweet. According to Chennai airport officials, the new integrated terminal is spread across 2.20 lakh sq metres and would cater to the growing air traffic in Tamil Nadu. The terminal is also a reflection of the government's commitment towards providing

Japan commits Rs 7,084 crore for three infrastructure projects in India

Japan on Tuesday committed Rs 7,084.5 crore to India for three infrastructure projects, including Patna Metro Rail Construction Project and Rajasthan Water Sector Livelihood Improvement Project. Notes in this regard were exchanged between Rajat Kumar Mishra, Additional Secretary, Department of Economic Affairs and Japan Ambassador to India Suzuki Hiroshi, an official statement said. Japan would fund Patna Metro Rail Construction Project (I) of JPY 98.612 billion (about Rs 5,509 crore), Project for Forest and Biodiversity Conservation for Climate Change Response in West Bengal of JPY 9.308 billion (about Rs 520 crore) and Rajasthan Water Sector Livelihood Improvement Project (II) of JPY 18.894 billion (about Rs 1,055.53 crore). Patna Metro Rail Construction Project aims to cope with the increase of traffic demand in the capital city of Bihar by constructing the new metro corridor 1 & 2, thereby contributing to improvement of the urban environment and development of the economy as ..

346 infra projects show cost overruns of Rs 4.46 trillion, says report

As many as 346 infrastructure projects, each entailing an investment of Rs 150 crore or more, have been hit by cost overruns of more than Rs 4.46 lakh crore, as per an official report. According to Ministry of Statistics and Programme Implementation, which monitors infrastructure projects worth Rs 150 crore and above, out of 1,418 projects, 346 reported cost overruns and as many as 823 projects were delayed. " Total original cost of implementation of the 1,418 projects was Rs 20,38,026.75 crore and their anticipated completion cost is likely to be Rs 24,84,846.99 crore, which reflects overall cost overruns of Rs 4,46,820.24 crore (21.92 per cent of original cost)," the ministry's latest report for February 2023 said. According to the report, the expenditure incurred on these projects till February 2023 is Rs 13,62,707.98 crore, which is 54.84 per cent of the anticipated cost of the projects. However, the number of delayed projects decreases to 643 if delay is calculated on the basi

Aware of China funding of infra projects in countries in South Asia: Govt

He said India is an active economic partner of its neighbours and is involved in a large number of development projects in these countries

101 projects worth Rs 60,872 cr identified under ports and shipping

Total 101 projects in respect of Ports and Shipping have so far been identified under PM Gati Shakti initiative worth Rs 60,872 crore for implementation. Out of these, 13 projects worth Rs 4,423 cr

PM Modi inaugurates 118 Km long Bengaluru-Mysuru Expressway project

Prime Minister Narendra Modi on Sunday inaugurated the Bengaluru-Mysuru expressway at a public rally in the Mandya district of Karnataka

J-K: Banihal-Hingni stretch of USBRL project may be finished by June end

Work on a 23-km stretch from Banihal to Hingni on the prestigious Udhampur-Srinagar-Baramulla Railway Line (USBRL) project in Jammu and Kashmir is likely to be completed by the end of June, an official said. The USBRL project is aimed at providing seamless and hassle-free connectivity to Kashmir valley. Out of the total 272-km USBRL project, 161 km was commissioned in phases with first phase of 118-km Qazigund-Baramulla section commissioned in October 2009 followed by 18-km Banihal-Qazigund in June 2013 and 25-km Udhampur-Katra in July 2014. According to Northern Railways, 93 percent work on the under-construction 111-km Banihal-Katra section has been completed. This sector has a total of 37 bridges and 35 tunnels with a length of 164 km. Banihal-Hingni portion of the USBRL will be ready (for operations) by June 30. The work is going on round-the-clock to achieve the deadline, Project Manager, ABCI Infrastructure, Nadeem Shamas, told PTI. He said the sector passes through various

Delhi-Dehradun Expressway to be complete by December end: Nitin Gadkari

The construction work of the Delhi-Dehradun Expressway will be complete by the end of December this year, reducing the journey time between the two cities to two hours, Minister of Road Transport and Highways Nitin Gadkari said. "Work on the Delhi-Dehradun Expressway project will be over by December end and from January 1 next year people will be travelling from Dehradun to Delhi in just two hours," Gadkari said during a visit to Parmarth Niketan Ashram in Rishikesh on Sunday. A journey from Dehradun to Delhi at present takes around six hours. The union minister who visited the Ashram to take part in a Ganga Aarti along with family said the all-weather road project will make year-round Char Dham Yatra possible. "Char Dham Yatra goes on for six months at present. But, once the all-weather road project is complete, devotees can visit the Himalayan temples throughout the year," he said. Work on the ropeway project in Kedarnath whose foundation stone was laid by Prime Minister Narendr

Development concerns

Nicobar project must be reconsidered

Moscow opens the 70-km Big Circle Line, longest subway in the world

Moscow has opened the 70-km Big Circle Line (BCL), the longest subway line in the world.

GMR Airports Infrastructure posts Rs 105 crore profit in December quarter

GMR Airports Infrastructure on Tuesday reported a consolidated profit after tax of Rs 104.82 crore in the December quarter, against a loss of Rs 515.34 crore in the corresponding period of the previous fiscal. The revenue from operations during the quarter under review grew 29 per cent to Rs 1,766.36 crore from Rs 1,364.13 crore in the third quarter of fiscal 2021-22, GMR Airports Infrastructure Ltd said in a regulatory filing. On a standalone basis, the company reported a loss of Rs 9.61 crore in Q3 FY23 from Rs 706.23 crore in the October-December period of FY22, while revenue from operations stood at Rs 28.44 crore as against Rs 8.85 crore earlier.

'Supply to infra projects in Mumbai hit due to strike by water tankers'

The ongoing indefinite strike by water tankers in Mumbai in protest against the implementation of Central guidelines for bulk water supply has affected water supply for major infrastructure projects, hotels, malls and clubs, an association member claimed on Tuesday. Ankur Sharma, the spokesperson for Mumbai Water Tankers Association (MWTA), told PTI that Mumbai (suburban) guardian minister Mangalprabhat Lodha has convened a meeting later in the day to resolve the sand-off which will be attended by officials of the Mumbai civic body and the Central Ground Water Authority (CGWA). Sharma said 2,500 tankers that supply potable and non-potable water across Mumbai have been on strike since February 8 and it's a do-or-die situation for them. He said tanker operators will not call off the protest without a written assurance. "We don't have any demands. We were forced to shut down our businesses due to the implementation of CGWA measures, and (action by) Mumbai Police and the Brihanmumbai ..

Complete work with transparency, speed, foresight: CM Dhami in Uttarakhand

The Chief Minister instructed to cross-verify the newly made ration cards in a proper way and to make those who are really entitled according to the standard

Delhi govt approves infra projects worth Rs 11.28 cr for repair of roads

Sisodia also directed the officials to follow the global standards of street design and also ensure compliance with all safety and security standards during the maintenance work of roads

Network Planning Group under PM GatiShakti recommends 63 infra projects

The Network Planning Group (NPG) under PM GatiShakti has so far recommended 63 infrastructure projects on the principles of PM GatiShakti

Delays in 835 projects cost govt over Rs 4.5 trn, Railways' overrun highest

Reasons relate to land acquisition, obtaining forest/environment clearances, lack of infra support

Higher capex, infra push, green initiatives to push demand for bank funds

However Sitharaman declined to elaborate on the proposed amendments when queried by the media as the Parliament session is on

Gati Shakti push: 18 road projects headed for the fast lane in FY24

62 critical projects to be awarded by FY25