The much-awaited Thane Metro 4A route forming part of the larger Metro corridor connecting CSMT to Mira Road, has been faced with huge delays and cost escalations. What was scheduled earlier to be completed by March 2024 has now been extended till April 2025 with a cost escalation of Rs 63 crore. This has invited criticism from commuters and locals …
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 …
The East-West Metro corridor is perhaps one of India’s most historic infrastructure projects; a major milestone has just been achieved. Under the ground, the Bowbazar-bound tunnel of this 16 km-long metro line has now been finished. This massive Rs 10,000-crore effort is scheduled for completion by mid-2025, once it will totally change the face of transport in this city. The …
Afcons Infrastructure Ltd-the biggest subsidiary of the Shapoorji Pallonji Group, saw shares spurt by 8% after a big contract deal. It bagged the Bhopal Metro Phase 1 project with a total bid of Rs 1,007 crore that has significantly built up the investors’ confidence into the firm and its shares now stand at a new 52-week high of Rs 564.40 …
The major collaboration contract to build the Bommasandra metro station of the Yellow Line was given to Bengaluru Metro Rail Corporation Limited (BMRCL) by Taiwanese firm Delta Electronics India Pvt Ltd. Under a new funding mechanism set up to strengthen the 19.15-km RV Road-Bommasandra metro corridor, three partnerships will be undertaken. Delta Electronics has so far made a contribution of …