Highways Financial News

₹58,900 crore. This is made up of ₹26,000 crore for the construction of highways and a 2-lane bridge on the river Ganga at Buxar, ₹21,400 crore for power projects, including a new 2400 MW power plant at Pirpainti in Bhagalpur district, and another ₹11,500 crore in special financial assistance for flood management, Similarly, for Andhra Pradesh, finance minister Nirmala Sitharaman announced special financial support of ₹15,000 crore for a new capital city, fulfilling commitments made in the Andhra Pradesh Reorganization Act.

Visitors, campers and residents of Jasper National Park were told to get out late Monday night as high temperatures and winds fanned the flames of a wildfire threatening the national park in western Alberta.

U.S. auto safety regulators are investigating complaints that some Ram pickups and Jeep Wagoneer SUVs can lose power, shift into park and apply the emergency brake

Private sector investment has been improving after Covid-19 and it is expected to further pick up in the coming months, Chief Economic Advisor V Anantha Nageswaran said on Monday. Talking to PTI after tabling of the Economic Survey in Parliament, Nageswaran said private sector investment has been improving over the years after Covid-19.

NGOs run by the Muslim community in Uttar Pradesh will not set up their annual relief camps for kanwariyas this year. This comes amid controversy over name plates mandated outside businesses, reports TOI. Relief camps were set up every year in which thousands of kunwariyas were served food, shelter, medical aid and even foot massages. Kunwariyas walk long distances along roads and highways.

RLDA), a statutory authority of Indian Railways, has invited bids for the grant of leases for commercial development of railway land at Kailash Puram along National Highway (NH)-16 in Visakhapatnam, Andhra Pradesh. As per the official statement of the RLDA, the development will consist of 60 per cent residential and 40 per cent commercial. The land, with an approximate area of 4.71 acres (19,061 sqm), will be leased for 99 years with a reserve price of Rs 170 crore. The built-up area (BUA) offered is 91,403.31 sqm. It is also highlighted that the site, with a frontage of approximately 60 metres, is located at Dondaparthi Village, (FMB) Survey No. 11, Seethammadhara Mandal, Visakhapatnam.

Jitendra Singh on Saturday said all communities must join hands to fight the menace of terrorism in Jammu and Kashmir. Singh, the minister of state in the Prime Minister's Office, was in Doda, part of his Udhampur parliamentary constituency which was rocked by several terror incidents in over past three months, claiming the lives of 10 security personnel and a village defence guard (VDG). Addressing a public rally before holding a general "public durbar" lasting over three hours, the union minister reaffirmed the revival of VDGs. «The security agencies have a strategy in place to control the security situation in Doda and its adjoining areas in view of the recent incidents of terror, but such strategies are not discussed in public», he said.

The communities of Ashcroft and Spences Bridge along with some homes and properties in the surrounding areas, including Cache Creek, have been placed under evacuation alerts due to the threat of an advancing wildfire.

A horrific crash that killed six high school girls in Oklahoma two years ago has the head of the U.S. National Transportation Safety Board urging parents to warn teenagers about the risk of driving after using marijuana

road construction projects and subdued demand due to general elections. While industry body Indian Construction Equipment Manufacturers’ Association (ICEMA) has yet to release sales data for the quarter ended June 30, the industry estimates about 24,000 units have been sold during the three-month period, similar to the volume reported in the same period last fiscal year. Senior industry executives estimate sales of construction equipment, widely regarded as a barometer of economic activity, to remain sluggish this year.

Massive flooding that hit the Greater Toronto Area on Tuesday was a “significant event,” underscoring the need to step up Canada’s fight against climate change, Prime Minister Justin Trudeau said.

₹1 lakh. Bhutani received a favourable order at the very first hearing: he cited the state government's EV policy of 2022, which stated that EVs registered in Uttar Pradesh were eligible for a 100% road tax waiver for the first three years that the policy was in effect. The policy defined EVs as automobiles using an electric motor driven by batteries, ultra-capacitors or fuel cells.

Bangladesh on Thursday, while authorities cut some mobile internet services as violent clashes that have killed six and injured hundreds this week showed no signs of slowing. Shops and offices were open in Dhaka, the capital, but there were fewer buses on the streets, as a call for a nationwide shutdown from students demanding abolition of a quota of 30% reservations drew little response. Police fired tear gas to disperse stone-throwing students who blocked a major highway in the southern port city of Chittagong as mobile services were halted across most of the South Asian country.

Delhi-Mumbai expressway project, touted as a game-changer for Indian infrastructure, faces significant delays primarily due to land-related challenges in Gujarat. According to Times of India sources, two crucial segments totaling 62 kilometers in Gujarat only saw bidding commence in November 2023, while construction on one of these segments began in April this year, and the other started just this month. Initially slated for completion by January 2023, the project has encountered multiple setbacks, pushing the revised target to March 2024, which has also been missed. Sources reveal that constructing each stretch requires a minimum of eighteen months. To expedite progress, the project was divided into smaller 'packages' for faster execution. Officials assure that all outstanding land acquisition issues are being actively addressed. Presently, approximately 630 kilometers of the total 1,386 kilometers have been opened to traffic in various segments. Notable sections include Sohna-Dausa-Sawai Madhopur (293 km) and Jhalawar-MP/Gujarat border (245 km). Authorities express confidence that the 845-kilometer stretch from Sohna to Vadodara will be fully operational by March 2025. Subsequent sections, crucially linking to Mumbai's JNPT port, Jewar Airport in Uttar Pradesh, and Delhi's DND Flyway, are expected to follow suit.

The pet rail project of Mexican President Andrés Manuel López Obrador could wind up costing as much as $30 billion

₹1 trillion through support from banks, two officials toldMint. The infra lender’s total capital as of 31 March was ₹28,560.8 crore. Although the discussions are not centred around any particular state-owned infrastructure lender, the move is expected to benefit NaBFID as it is the only development finance institution (DFI) created to fund long-term infrastructure, the officials said.

The Completely Made-Up Adventures Of Dick Turpin' for a second season. The series, featuring Noel Fielding, will continue its 18th-century adventures.

The National Highway Traffic Safety Administration is warning drivers about “cheap, substandard replacement air bag inflators” that can fail to prevent serious injuries or death in a vehicle wreck

Modi is set to embark on his visit to Mumbai, Maharashtra today. This will be Narendra Modi's first visit to Mumbai since taking the oath as Prime Minister for the third consecutive term on June 9, following the National Democratic Alliance (NDA)'s victory in the Lok Sabha polls. Around 5:30 p.m., the Prime Minister will arrive at the NESCO Exhibition Centre, Goregaon, Mumbai, where he will launch, dedicate to the nation, and lay the foundation stone for multiple projects related to the road, railways, and ports sector worth more than Rs 29,400 crore.

BMW of North America is recalling more than 390,000 vehicles in the U.S. because an airbag inflator could possibly explode

Big summer plans that call for big toys require generous towing limits