NHAI to Float Bids for Monetizing 10 Projects by April
Road Transport and Highways Minister Nitin Gadkari had said that monetization of public-funded highway projects could result in funds in the range of Rs 80,000 to Rs 1 lakh crore initially. Ever since the governments nod for monetization, NHAI has been conducting traffic studies related to such projects, the revenue streams available and their overall viability. Buoyed from institutional investors from the Middle-East, Canada and the US, NHAI plans to come out with bids for monetization of 10 out of 75 public-funded national highway projects in the first phase.
NIIF in Talks with Two Sovereign Funds
The National Investment and Infrastructure Fund (NIIF) has begun talks with two sovereign wealth funds to become the first investors to come on board, following the signing last fortnight of a government commitment to infuse rs.20,000 crore into the fund, according to CEO Sujoy Bose.
World’s Nicest City – Vienna
Vienna, Austria’s grand capital on the Danube river, has topped consulting firm Mercer’s list of cities offering the highest quality of life for the eighth year in a row. The survey of 231 cities helps companies and organisations determine compensation and hardship allowances for international staff. Global centers’ London, Paris, Tokyo and New York City did not even make the top 30, lagging behind most big German, Scandinavian, Canadian, New Zealand and Australian cities.
Lodha Group: Two Successful Launches
Lodha Group recorded out standing sales of over INR 800 crore in February 2017 by ~Two successful launches – one in luxury and one in affordable.
Govt. Approved Rs 4,500 cr Project UDAN
The Cabinet approved a proposal to revive 50 unserved and under-served airportsas well as airstrips at an estimated cost of Rs 4,500 crore. With the plan, the Government is looking to enhance air connectivity to small cities and towns while the revival of such airports and airstrips would be “demand driven”.The proposal was approved by the Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi.
Toshiba Committed to the Mission of Clean Water India
Toshiba is Japan’s leading water treatment solution company, with experience in manufacturing electrical systems for over 40 years. Toshiba acquired an additional 54% stake in UEM India turning it into a Toshiba Group company and a strategic platform to grow its water management business.
Tata Housing Expands its Presence in the Republic of Maldives ’
Tata Housing – one of the leading real estate developers in India, announced the launch of two high-end property developments at Odeon and Nadhee. Luxa One at Odeon will be the first project in Male furnished with rooftop amenities such as swimming pool, kids play area, gym with health bar, spa, barbecue area and open terrace deck.
MAN Trucks India Expands Reach in Maharashtra with Pune Dealership
MAN Trucks India Pvt.Ltd. a 100% subsidiary of MAN Truck & Bus AG, Germany, the world’s leading manufacturer of trucks and buses in association with M/s Bhagyodaya Automotive, today inaugurated a new state of the art dealership for its commercial vehicle brand in Pune.
AEM Elects New Director
Mr. Nitin Gadkari minister of road transport and highways (MoRTH) is confident that the pace of construction would touch 30 km per day by the end of aprilch this year, which would essentially mean another The Association of Equipment Manufacturers (AEM) has elected Brad Boehler, President of Skyjack Inc., to the AEM CE Sector Board to fill an unexpired term.AEM is the North American-based international trade group representing off-road equipment manufacturers and suppliers, with more than 900 companies and more than 200 product lines in the agriculture, construction, forestry, mining and utility sectors worldwide.
World’s Largest Solar Plant Is in India
The world’s largest solar power plant has just been completed in Kamuthi, in Tamil Nadu, India. The new plant adds 648 MW to the country’s generating capacity.The new plant can power 150,000 homes.
Indian High Speed Train at 600kms per Hour
Railway Minister Mr.Suresh Prabhu’s discussion with top six global companies for the launch of very high speed trains in India that can travel at a speed of 600kms per hour was in the advanced stage.
Heritage Building Relocated with the Help of US Expertise
The railways has successfully shifted Tipu Sultan’s armoury building to a nearby location for laying track near Mysore, a first such exercise in the country with the help of experts from USA.
India at 3rd Place in USGBC’s List of Top 10 Nations for LEED
India has secured third position in green building in the US Green Building Council (USGBC) annual ranking for 2016 of the top 10 countries for LEED (Leadership in Energy and Environmental Design), a green building rating system.
A Buzz at Building Sites
The building site of the future is going to look very different to the one we are all used to today.Instead of men in high-visibility jackets and hard hats, there are going to be drones buzzing overhead, robotic bulldozers and 3D printers churning out new structures.
National Waterway-1 Project Cost Rs 5396 cr
According to a detailed feasibility report on Jal Marg Vikas Project, also called the national waterway-1 covering the Haldia-Varanasi stretch (1620 km) of the river Ganga, the project will help in de-siltation of the river and improve the water flow through scientific dredging allowing creation of navigable depth up to 2.3 to 3 metres over a width of 45 metres with no adverse impact on the ecology of the river Ganga.
Hyperloop Transportation Proposed for India
PM Narendra Modi has plans to spend a record Rs 3.96 trillion (USD 59 billion) to build and modernize its railways, airports and roads.“These are transforming years for India.
Smart City Awaits Rs.10,000-cr Investment
India’s first smart city, that is Gujarat Finance Tec-City, which has already executed transactions of $2 billion and invested over Rs. 2,000cr, has secured investment commitment of Rs. 10,000-cr and will double job generation avenues in the city shortly, MD & Group CEO Ajay Pandey has said.
UNIDO: Integrated Approach Programme on Five Cities
Organization (Unido) plans to double its spend in India this year with a sharp focus to develop Unido currently manages a portfolio of 18 projects in India with a total value of $70 million that is entirely grant or non-refundable assistance of which $34.7 million have been spent in recent years, leaving another $35.3 million for future expenditures.
JCB Provides a Solution-based Support for Road Sector in India
JCB India has geared up to back its wide range of equipment with a solutions-based approach to enhancing productivity for its customers.
Chennai Airport Receives Tamil Nadu Tourism Award – 2016
Chennai International airport received the Tamil Nadu Tourism Award – 2016 in the category of ‘Best Tourist Friendly Airport’ on 24.03.2017.
Amendment to Heritage Act for Allowing Public Projects
The Government is readying to amend the law that forbids any new construction close to protected monuments according to media reports.