Punjab CM seeks inclusion of 13 road projects in Bharatmala

By Accommodation Times Bureau Punjab Chief Minister Captain Amarinder Singh has sought the inclusion of 13 road projects across the state in the Bharatmala Pariyojna, besides the declaration of seven new road projects as National Highways. The Chief Minister has written to Union Minister of Road Transport, Highways & Shipping Nitin Gadkari,

Dilip Buildcon Ltd acquires NHAI road project worth Rs 565 Cr in Maha

By Accommodation Times Bureau NEW DELHI Highway developer Dilip Buildcon Limited (DBL) has secured a road project worth Rs 565.02 crore from National Highway Authority of India (NHAI) in Maharashtra, it said on Wednesday. Dilip Buildcon said in a BSE filing that, "The Company has been declared L-1 bidder for a new Engineering, Procurement,

NHAI sells long tenure bonds, borrows Rs 5 000 cr from EPFO for Bharatmala road project

By Accommodation Times Bureau Mumbai To help government’s Bharatmala road project, National Highway Authority of India (NHAI) sells long tenure bonds to country’s biggest debt buyer Employees’ Provident Fund Organisation (EPFO) and borrowed Rs 5,000 crore to aid the government’s road project. These bonds will mature in 15 years, but those securities have

MMRDA plans to extend coastal road project upto Virar

Mumbai Metropolitan Region Development Authority (MMRDA) is planning to extend the coastal road project upto Virar, according to reports. Report says that MMRDA was planning to construct a coastal road from Nariman point to Kandivali. Earlier, Chief Minister and Chairman, MMRDA, Devendra Fadnavis approved Thane-Bhiwandi-Kalyan Metro-5 and Lokhandwala-Jogeshwari-Vikhroli-KanjurmargMetro-6 corridors. The 24-km long Thane-Bhiwandi-Kalyan

Govt to ask RBI for more funds for stuck road projects

By Accommodation Times News Service Banks are currently allowed to fund cost overruns up to 10% of the original total project cost. The government is likely to ask the Reserve Bank to provide more funds for road projects that are facing cost overruns due to delays, a move aimed at reviving languishing