The biggest news for SpiceJet comes in the form of a settlement agreement between the airlines and aircraft lessor Genesis over an existing dispute amounting to $16 million. The agreement is a huge step towards getting the airline back into financial stability and places it on the road to long-term growth. Post resolution, shares of SpiceJet were seen shooting up …
Indian railway has seen an enormous transformation in the last few years. One of its greatest achievements is the Vande Bharat Express-one that marks India’s strides in transportation but also showcases its intent on changing the rail sector. Conceptualized and rolled out, the Vande Bharat Express marks new technology and speed with passenger comfort. This article, digs into Vande Bharat …
In a big boost for the infrastructure development of Nagpur, Asian Development Bank (ADB) has assured Rs 1,527 crore funding for the second phase of the Nagpur Metro Rail project. This has been part of a wider Rs 3,586 crore investment ADB and European Investment Bank (EIB) have made in order to speed up the metro network expansion in the …
Infrastructure development is one of the key central pillars on which India needs to proceed with its own self-developing process. It involves road networks, tunnels, and other transportation networks. As per Nitin Gadkari, the union minister of road transport and highways, economically viable technology would be the basis that could enable infrastructure projects to be economically sustainable in cost. Economic …
A part of NH 44, Jawale-Borgaon Kale, was sanctioned by the Ministry of Road Transport and Highways (MoRTH) to upgrade this stretch. This would increase transportation infrastructure in the region since connectivity to bigger cities of the state would see an increase by a considerable degree. The road length is about 37.525 kilometers and the approximate cost for this stretch …