A Mitsubishi Corporation-led Japanese consortium has agreed to acquire 20% interest in Cube Highways and Infrastructure Private Ltd, for an estimated Rs 2,500 crore.
Infrastructure and irrigation services in Rajasthan are set to take a new leap on December 15 when BJP government will be celebrating programs on its 4th anniversary.
India plans to develop its coastal areas into an engine of growth. Accordingly, it is readying highway and road projects to better connect these areas including ports with hinterland.
The government has approved plan for constructing 1,000km of expressways under NHDP Phase-VI, including sections of high density corridors of Vadodara-Mumbai (400 km), Delhi-Meerut (66 km), Bangalore-Chennai (334 km), Delhi –Jaipur (261Km ), Delhi-Chandigarh (249 Km), Kolkata-Dhanbad (227 Km) and Delhi-Agra (200 km), Minister of State for Road Transport and Highways and Shipping Radhakrishnan informed the Lok Sabha on Thursday in reply to a question.
The China-Pakistan Friendship Highway runs over 1,300 kilometres (800 miles) from the far western Chinese city of Kashgar through the world’s highest mountain pass and across the border.
The Ministry of Road Transport and Highways is all set to construct a total of 24,800 km of National Highways under the proposed Phase-I of Bharatmala Pariyojana.
The present rate of vehicle growth will require construction of an additional lane on highways every year, which will cost government about Rs 50,000 crore
The Indian Highway, stretching 2 lakh kilometers in length, have been offered for the laying of optic fibers, oil and gas pipelines by the Transport Ministry.
If road transport minister Nitin Gadkari has his way, the speed limit on highways and expressways in India could increase up to 120 kilometres per hour.
The Union ministry of road transport, highways and shipping in a recent communication to the finance ministry raised concerns of rising costs for Indian shipping companies under GST, which could drive them to move their business out of India through a subsidiary.