Highways Financial News

snow while low and middle hills were lashed by intermittent hail and rains on Saturday as the local MeT office predicted wet spell in Himachal Pradesh till April 4. A Himachal Roadways Transport Corporation (HRTC) bus turned turtle near Maling in the Kinnaur district after skidding on Saturday morning in the snow but no casualty was reported, an official said. Traffic came to a halt at the Atal Tunnel in Rohtang near Manali following heavy snow. Kalpa and Kukumseri received 5 cm of snow followed by Keylong with 3 cm of snow in the past 24 hours. A total of 168 roads, including three National Highways, were closed for vehicular traffic in the state on Friday night as per the data of the state emergency operation centre. Most of these roads are in a difficult terrain in Lahaul and Spiti, where 159 roads are still to be opened.

bad bank, the National Asset Reconstruction Co (NARCL), has finalised nine transactions worth more than ₹24,000 crore in bank debt in the last work week of FY24, people aware of the developments said, pointing to a frenetic pace of deal making after a relative lull through virtually the entire second half of the fiscal year ending Sunday. Over the past four days, it has completed the transfer of six accounts. The NARCL made the upfront payments and issued the necessary security receipts (SRs) guaranteed by the government for the six accounts with a total debt count of Rs 9,415 crore. “Banks have so far received the cash and the SRs guaranteed by the government in the last couple of days for six accounts,” said a banker aware of the details. “The documentation and guarantees are being issued on the remaining three accounts on Friday, and the process could be completed on Saturday.”

Jammu-Srinagar National Highway and fell into a gorge in Ramban district on Friday, officials said. The vehicle, a Tavera, was on its way to Jammu from Srinagar and it fell into a 300 feet gorge at the Battery Cheshma area of the district around 1.15 am, they said. Ten people have died, the officials said. Police and State Disaster Response Force (SDRF) personnel are at the spot. The bodies of 10 passengers have been recovered amid heavy rains, the officials said.

Purvanchal Expressway, a 6-lane access-controlled highway connecting Ghazipur with the Uttar Pradesh capital, Lucknow. Yet, the town is known to rest of India for ‘Phatak’ – the sprawling home of the Ansaris, the family of the gangster-turned politician Mukhtar Ansari, who died of a cardiac arrest on March 28. In October 2023, two colleagues and I visited 'Phatak' for a story.

A debate has emerged over whether modern safety protections could have saved a Baltimore bridge after it was struck by a cargo ship

Also Read: Update FASTag KYC before March 31 deadline to avoid deactivation; Check steps, other details here 1. Tap on the ‘FASTag Recharge’ option in the ‘Bill Payments’ section. 2.

The victims, who were part of a construction crew fixing potholes on the bridge, were from Mexico, Guatemala, Honduras and El Salvador, Butler said. Maryland Gov. Wes Moore addressed their families in Spanish during the news conference, saying, “Estamos contigo, ahora y siempre," which means, “we are with you, now and always." All search efforts have been exhausted, and based on sonar scans, authorities “firmly" believe the other vehicles with victims inside are encased in superstructures and concrete from the collapsed bridge, Butler said.

Investigators are collecting evidence from the cargo ship that plowed into Baltimore’s Francis Scott Key Bridge and caused its collapse

Nitin Gadkari today said that the government is ending toll and the new satellite based toll collection system will be introduced soon. «Now we are ending toll and there will be a satellite base toll collection system. Money will be deducted from your bank account and the amount of road you cover will be charged accordingly. Through this time and money can be saved. Earlier, it used to take 9 hours to travel from Mumbai to Pune, now it is reduced to 2 hours,» Nitin Gadkari told ANI. Discussing the Bharatmala Pariyojana, which aims to develop approximately 26,000 km of economic corridors, Nitin Gadkari emphasized their significance alongside the Golden Quadrilateral (GQ) and North-South and East-West (NS-EW) corridors in handling the bulk of freight traffic on roads. He expressed confidence that the project will revolutionize the nation's future by 2024. Gadkari articulated his ambition to elevate India's National Highway road network to the standard of America, expressing assurance in his ability to achieve this goal.

Border Roads Organisation (BRO) has achieved a major milestone by establishing connectivity on the 298-km Nimmu-Padam-Darcha road in Ladakh. This road will become the third axis to the strategically-important region, complementing the existing Manali-Leh and Srinagar-Leh routes. Utilizing the frozen Zanskar river in January, the BRO efficiently moved equipment and personnel to establish additional attack points, expediting the progress of work. Lt-General Raghu Srinivasan, BRO chief, highlighted this achievement, stating that connectivity on this vital axis has been established. The construction of the Shinkun La tunnel, approved by the PM-led cabinet committee on security in February last year, will further enhance all-weather connectivity to Ladakh. The tunnel, costing Rs 1,681 crore and spanning 4.1 km, is set to be completed in about two years.

The containership crash that downed a Baltimore bridge Tuesday stands to snarl shipping along the East Coast for months. Officials say the bridge collapse could affect port operations for a long time, forcing other ports in the region to take on extra shipments. Companies that transport cars and coal, two of the important categories of cargo that run through Baltimore, already are looking for alternative destinations.

Port of Baltimore and closed a major highway will cause weeks or months of transportation disruptions in the Mid-Atlantic region and accelerate a shift of cargo to the US West Coast as importers and exporters try to avoid potential bottlenecks at trade gateways from Boston to Miami. “Companies have already begun shifting volumes from the East Coast to the West Coast,” said Ryan Petersen, the founder and chief executive of Flexport Inc., a digital freight platform based in San Francisco. “Baltimore being taken offline means all the other ports on the East Coast are getting this bubble of cargo — creating congestion and delays.” That also means companies and consumers may face a repeat of one of the big supply chain lessons of the Covid pandemic: that a sudden 10% or 20% increase in volumes through a port “is enough to cause massive backlogs, congestion, ships waiting offshore and all sorts of delays that can compound on themselves,” Petersen said.

As much as 2.5 million tons of coal, hundreds of cars made by Ford Motor Co., and General Motors Co., and lumber and gypsum are threatened with disruption after the container ship Dali slammed into and brought down Baltimore’s Francis Scott Key Bridge in the early hours of Tuesday.

Port of Baltimore. Here's what we know about the collision: BRIDGE HISTORY

At 1:27 am (ET), a container ship named the Dali was sailing down the Patapsco River when it struck a pylon of the bridge, crumpling almost the entire structure into the water. There was no indication of terrorism, police said, as per a Reuters report.

Read here. Shiv Sena (UBT) leader Sanjay Raut announced on Monday that the party's initial candidate lineup for the upcoming Lok Sabha elections in Maharashtra will be officially disclosed on March 26. The list, representing the opposition party led by Uddhav Thackeray and a member of the Maha Vikas Aghadi (MVA) coalition in the state, is expected to include around 16 names.

In the always-changing world of industrial real estate, location is the first thing among the most important things to consider. Besides geographical coordinates, the industrial hub’s performance greatly depends on how it is networked to the largest transport systems. Chandigarh Tricity (Chandigarh-Mohali-Panchkula) has become the foremost site of recent developments as it demonstrates how proper infrastructure implementation can stimulate growth in industrial real estate area.

(This March 22 story has been refiled to change SABIC to side air bag inflatable curtain in paragraph 4)

BJP MP from Ghaziabad Gen (retd) V K Singh on Sunday said he will not contest the upcoming Lok Sabha elections. The Union Minister of State for Civil Aviation and also for Road Transport and Highways represented Ghaziabad constituency for tow terms since 2014. «I have dedicated my entire life to the service of this nation as a soldier. For the last 10 years, I have worked tirelessly to fulfill the dream of making Ghaziabad a world-class city. In this journey, I am grateful for the trust and love that I have received from the people of the country and Ghaziabad as well as from the members of the BJP. This emotional bond is priceless to me,» Singh posted in Hindi on X. «With these feelings, I have made a difficult, but thoughtful decision. I will not contest the 2024 elections. This decision was not easy for me, but I have taken it from the bottom of my heart. I want to take my energy and time in new directions, where I can serve my country in a different way,» Singh added.

₹350-400 crore." The manufacturing business is projected to grow 20-30% in FY25, buoyed by the around ₹2 trillion worth of central sector transmission projects in India. The company is also in talks with private equity investors for raising funds for its transmission business, he said. “That is the business where we operate like a highway operator, where we build, own and operate transmission lines, providing transmission services to end users, generators, and consumers.

light rainfall/snowfall over Western Himalayan Region on 23rd & 24th March over Jammu-Kashmir, Ladakh, Gilgit-Baltistan, Muzaffarabad. On Saturday, over 300 people who were stranded at various places in Jammu and Kashmir and Ladakh due to heavy snowfall were airlifted by the Indian Air Force, an official said as reported by PTI. Heavy snowfall led to closure of the 434-km Srinagar-Leh National Highway.