Highways Financial News

National Highway 9 in Amori village. The Badrinath National Highway also experienced continuous debris accumulation near Pagalnala which led to the temporary blockage of the road. This created challenges for commuters and pilgrims heading to the revered town of Badrinath.

Several thousand climate activists blocked a Dutch highway on Saturday in anger at billions of euros in government subsidies for industries that use oil, coal and gas

BJP president C P Joshi on Saturday said that the party's 'Parivartan Sankalp Yatra' has now become a people's yatra and the public is willing to vote out the Congress from power in the upcoming state assembly elections. Addressing a press conference at Udaipur, Joshi said people from every corner of the state are joining the yatra to extend support to the BJP and there is resentment among people against the ruling Congress government in the state. «Congress had assured farmers of complete loan waiver but the promise has not been fulfilled yet.

tomato farmers in the Rayalaseema region of Andhra Pradesh are facing severe economic challenges as tomato prices plummeted from a staggering Rs 200 per kilogram to a mere Rs 3 per kilogram in just a month. This shocking drop in tomato prices has left many farmers grappling with financial distress, prompting drastic measures. Over the past few days, numerous tomato farmers in Rayalaseema have resorted to dumping their harvests on the roads.

Panasonic Electric Works India (PEWIN) will invest another Rs 300 crore to increase capacity at its unit in Sri City, Andhra Pradesh, company officials said on Friday. The Japanese company is looking to use the facility for exports and will primarily target the Middle East and African markets, they told reporters here. «We have invested Rs 300 crore as part of the first phase of the project, and will be investing another Rs 300 crore by 2026,» PEWIN Director for power business unit, Rajesh Nandwani, said. At present, the overall production capacity of the company, which operates plants in Daman and Haridwar as well, is 62 crore pieces per year, which will grow to 70 crore by 2025 and 100 crore by 2030, Nandwani said. The company produces various products such as switches and switchboards.

Joe Biden arrived in national capital Delhi on Friday to participate in the G20 Summit to be chaired by Prime Minister Narendra Modi. US President Biden, along with Janet Yellen, went for closed door meeting with PM Modi on Friday, after the former arrived in India. He was received at the airport by Minister of State for Road Transport & Highways and Civil Aviation Gen VK Singh (retd).

The voting for Russian-installed legislatures in the Donetsk, Luhansk, Kherson and Zaporizhzhia regions begins Friday and concludes Sunday. It has already been denounced by Kyiv and the West. «It constitutes a flagrant violation of international law, which Russia continues to disregard,» the Council of Europe, the continent's foremost human rights body, said this week. Kyiv echoed that sentiment, with the parliament saying in a statement that the balloting in areas where Russia «conducts active hostilities» poses a threat to Ukrainian lives.

WASHINGTON—Ashley Lair was struggling to pay rent when she decided to leave her bartending job last year and pursue a new career in the construction industry. Now, a year into her apprenticeship, Lair drives haul trucks and transports dirt, gravel and rocks for a highway project. She earns $38 an hour, plus overtime—more than double her pay as a bartender.

pension funds on the lookout for avenues of safe deployment with stable returns. The money the government gets from selling such an asset to a buyer at a decent price, it can put that money to building yet another highway or airport.

WATFORD GAP, England—There is no Mason-Dixon Line in England to settle debate about where the North ends and the South begins. So physicists at Sheffield Hallam University used artificial intelligence to draw one. Their conclusion: The line runs right past Watford Gap rest area, a clump of fast-food outlets and gas pumps on a highway 80 miles from London.

The proposed Thai Canal, often referred to as the Kra Canal, has been a subject of considerable discussion and analysis due to its potential impact on global trade routes. If realized, this canal would offer an alternative to the Straits of Malacca, a critical maritime passageway that currently serves as a conduit for a significant portion of global trade. China, which heavily relies on the Malacca Straits for its maritime trade, has shown considerable interest in the project.

traffic congestion and prevent potentially fatal accidents, the government of Bengal has taken a significant step by imposing a complete ban on three-wheelers on both national and state highways. As per a TOI report, Saumitra Mohan, the Bengal transport secretary, has issued directives to all district magistrates, instructing them to regulate the movement of three-wheelers by assigning them specific routes within urban and peri-urban areas. Mohan emphasized the urgent need for action, citing the exponential growth of autos and totos as the primary culprits behind traffic gridlocks on the highways, which also pose a substantial risk of accidents. To address this pressing issue, it has become imperative to establish a committee tasked with the realignment and rationalization of routes for autos and totos, ensuring that they operate on fixed routes to provide last-mile connectivity. Furthermore, district magistrates have been instructed to collaborate with local municipal or panchayat authorities and representatives from civil societies in this endeavor.

The U.S. government is taking a big step toward forcing a defiant Tennessee company to recall 52 million air bag inflators that could explode, hurl shrapnel and injure or kill people

NEW DELHI : The government has invited Swiss consultants to help make India’s mountain roads strong and durable to withstand severe weather conditions like heavy rains. After evaluating the highway construction techniques in Switzerland, the ministry of road transport and highways (MoRTH) has sought advice from Swiss companies to design mechanisms to prevent extensive damage to roads, two people familiar with the development said.

WASHINGTON (Reuters) — U.S. auto safety regulators said Tuesday that 52 million air bag inflators produced by auto suppliers ARC Automotive and Delphi are unsafe and need to be recalled because they may rupture.

THRISSUR (KERALA): Malayalam actor-director Joy Mathew suffered injuries in a car accident that occurred on a busy national highway in Thrissur district of Kerala on Monday night, police said. The accident occurred when the car in which Mathew was travelling hit a pick-up van at Mandalamkunnu on the Chavakkad-Ponnani highway. Both Mathew and the van driver suffered minor injuries in the collision. «The car was driven by Mathew's driver.

Taitung: Typhoon Haikui toppled hundreds of trees, damaged coastal roads and dumped torrential rain across Taiwan Monday before it weakened into a severe tropical storm and headed for southern China. Haikui had initially appeared to depart the island but made a second landfall early Monday in southwest Kaohsiung before moving out into the Taiwan Strait. There were no reports of deaths. More than 100 people suffered injuries during the typhoon, according to authorities, though they were minor — mostly due to fallen trees and car accidents. Destruction was seen in coastal Taitung, a mountainous county in lesser-populated eastern Taiwan where the storm directly hit the day before. «This is the first time I have seen such a big typhoon in my life,» said Chen Hai-feng, 55, a village chief in Taitung's Donghe township. Although Haikui is considered less severe than previous storms, Chen told AFP it felt more powerful as he surveyed an early-morning work crew removing trees from a road.

IFCI is in the process of selling a rupee term loan of the Barwa Adda Expressway project, aiming to recover 45% of the debt. The lender has put up the ₹290 crore debt for sale, with a reserve price of ₹130 crore based on a binding offer from Asset Care & Reconstruction Enterprise Limited (ACRE) ARC.

G20 Summit this weekend, it's best to prepare ahead. Delhi Traffic Police has set up tight security measures for this high-profile event, where world leaders like US President Joe Biden, Canada's Prime Minister Justin Trudeau, and others will gather. In view of the G20 summit, citizens of New Delhi have been curious about some common questions such as what remains open and what remains closed during the event.

National Highways Authority of India (NHAI), and the National Highways & Infrastructure Development Corporation LTD, Road Transport and Highways Minister Nitin Gadkari articulated the critical role of the Build-Operate-Transfer (BOT) model in enhancing the nation's infrastructure quality, economy, and employment prospects. Minister Gadkari underscored the significance of innovative models, particularly the BOT framework, to expedite high-quality infrastructure development while ensuring efficiency. He stressed, "BOT model can help in doing quality and maximum work in less time.

Congress on Sunday targeted the Modi government over a recent CAG report on Bharatmala project, alleging that infrastructure projects have been granted to "close friends" and donors of the BJP and asserted that only a JPC probe can unravel the truth. In a statement, Congress general secretary (communications) Jairam Ramesh said the Bharatmala Pariyojana is aimed at developing 35,000 km of national highways to make freight movement across the country more efficient. «Yet, the most remarkable feature of the project has been the efficiency with which costs have been inflated and projects handed over to the Prime Minister's close friends and his party's electoral bond donors, as shown in a recent CAG report covering the period 2017-21,» he alleged. The Congress leader said the National Highways Authority of India (NHAI) awarded a 250 km four-lane project between Suryapet and Khammam in Telangana to a consortium in which Adani Transport was the dominant partner with a 74 per cent work share. According to the CAG, he said Adani Transport «did not fulfil the condition of 'Request for Proposal' regarding experience of five years» building highways. «Despite being completely unqualified to bid, Adani Transport once again benefited from Modi's Magic.