Ahead of the annual meeting of its board of governors here next week, a senior official from the Asian Infrastructure Investment Bank (AIIB) on Wednesday said it will pump USD 1.9 billion into various Indian projects.
The Indian Railways is aiming to speed up train movement over the Yamuna and also decongest the Ghaziabad-New Delhi rail corridor — one of the busiest in the country — and has proposed a new rail bridge over the river in the capital.
The confusion over forming a special purpose vehicle (SPV) for the Bengaluru suburban rail project seems to have ended after the government agreed to create it under the Karnataka Rail Infrastructure Development Corporation (K-RIDE).
Railways mull Rs 6,250-cr ‘airplane-like’ replacement to flawed bio-toilets after already spending Rs 1,620 cr on upgrade
Having spent nearly Rs 1,370 crore on 136,985 railway bio-toilets–criticised for being “no better than septic tanks”–and after earmarking Rs 250 crore to install bio-toilets on remaining trains by March 2019, the railway ministry is now considering “upgraded” vacuum bio-toilets at a cost of Rs 6,250 crore.
Describing the bullet train as an “extremely essential” for India, Railway Board chairman (CRB) Ashwani Lohani on Monday said that the public transporter looked at it as a project that would unleash technology-driven transportation in the country.
Traffic chaos, wasting time, frustrations, all to be over soon? Yes, if this railways network turns into reality. And no, it is not courtesy Indian Railways or its arm IRCTC.
SoftBank Group Corp has decided to invest $60 billion-$100 billion in a solar power project in India, Japanese public broadcaster NHK reported on Friday.
To give a major fillip to freight movement and reduce travelling time between major cities in Tamil Nadu, the Centre is planning four major road projects in delta and southern districts.
Awaiting clearance from the Delhi government, the high-speed Regional Rapid Transit System (RRTS), will cut the travel time between Delhi and Meerut by around 60 minutes, reports the Times of India. Yes, that’s right, 82 km will be covered in just an hour.
Union Minister Dharmendra Pradhan on Thursday said that Odisha’s Khurda-Balangir railway line is an important railway project and is expected to be completed in two years.