According to recently released report, a total of 52 road projects worth Rs 37,019 crore were sold between 2015 and 2018, indicating a spurt in merger and acquisitions (M&A) in the domestic road sector, reports The Hindu BusinessLine (BL).
Reliance Infrastructure Ltd Thursday said it will sell its entire stake in Delhi-Agra Toll Roadway to Singapore-based Cube Highways for Rs 3,600 crore, following which the Anil Ambani led company’s debt will be reduced by 25 per cent to less than Rs 5,000 crore.
Pune Nine years gone and the 140-km stretch of the Pune-Satara highway is still incomplete, with contractor, Reliance Infra, seeking yet another extension till June 30, with the existing deadline ending on March 31.
Union transport minister Nitin Gadkari on Saturday dedicated city’s first diesel converted CNG bus to the citizens of Nagpur. On the occasion, mayor Nanda Jichkar announced similar conversion of her official diesel car into CNG.
Union Minister Nitin Gadkari will Saturday inaugurate a flyover at the national capital’s Dhaula Kuan junction, considered as the first step towards development of a signal free corridor to the Indira Gandhi International Airport, the government said Friday.
The Asian Infrastructure Investment Bank (AIIB) will provide a loan of USD 455 million to finance the Andhra Pradesh Rural Roads Project, which will connect about 3,300 habitations with a population of more than 250, and benefit around two million people.
Big highway projects to boost Bihar’s infrastructure! Union Minister for Road Transport and Highways Nitin Gadkari has inaugurated and laid the foundation stones for as many as 16 National Highways (NH) projects in Chhapra and Madhepura, Bihar today, worth Rs 6,943.04 crore.
Ganga Expressway in Uttar Pradesh to soon see the light of the day! Said to be India’s longest expressway, the ambitious Ganga expressway project, is on fast-track under Yogi Adityanath-led Uttar Pradesh government.