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PM Modi to unveil projects worth Rs 18,000cr in Assam: Himanta
Indian Prime Minister Narendra Modi is set to inaugurate and lay the foundation stones for projects valued at around Rs 18,000 crore during a two-day visit to Assam starting March 9. The projects span state and central initiatives, with the PM scheduled to visit the UNESCO heritage site Kaziranga National Park and undertake a safari, marking his first visit to the world heritage site.

Road ministry sanctions Rs 2,675 cr for four-laning of NH 748A in Karnataka
The road ministry has sanctioned Rs 2,675.31 crore for the four-laning of the Belgaum-Hungund-Raichur section of National Highway-748A in Bagalkot and Belgavi districts of Karnataka, covering a total length of 92.40 km. The initiative is part of the Panaji-Hyderabad EC10 corridor, connecting industrial hubs.

Road ministry to undertake real-time monitoring of bridges on national highways via sensors to avoid any mishap
In a recent notification, the ministry of road transport and highways has directed the road consultants to factor in the cost of installation of sensors on existing as well as new bridges while preparing the detailed project reports, a move aimed at preventing traffic disruptions and untoward incidents due to failure of bridges.

PM Modi launches development projects worth over Rs 19,500 crore in Odisha
Prime Minister Narendra Modi launched development projects worth over Rs 19,600 crore in Odisha's Jajpur district. The projects span various sectors, including Oil & Gas, Railways, Road, Transport & Highways, and Atomic Energy. Modi highlighted the government's commitment to the development of eastern India and emphasized working for the present and future to achieve a "Viksit Bharat" (developed India).

Sitharaman virtually launches 7 infra projects worth Rs 1,000 cr
Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman virtually launched seven infrastructure projects worth over Rs 1,000 crore. Emphasized on timely construction completion and avoiding delays. Projects included unveiling the plaque for the construction of residential quarters of Income Tax Department officers at Faridabad and Gurugram.

NaBFID to sanction Rs 3 lakh crore by March 2026 to support infra development
To date, NaBFID has made total sanctions of more than Rs 86,804 crore, with projects spread across the country and in diversified sub-sectors of infrastructure like roads, renewable power, ports, railways, and city gas distribution. Out of the Rs 86,804 crore, 50 per cent has been sanctioned with long tenure of 20 to 50 years.

Govt approves Rs 6,728 cr for construction of 8 stretches on Frontier Highway spanning 305 km
The Ministry of Road Transport and Highways has approved Rs 6,728.33 crore for the construction of eight stretches of NH-913 in Arunachal Pradesh, aiming to enhance connectivity, foster socio-economic progress, and curb migration. The road will also establish crucial road infrastructure, linking river basins and facilitating hydropower projects.

Govt has built 95,000 km of national highways in last 10 years: Road secretary Anurag Jain
Over the past nine-and-a-half years, the road ministry has constructed approximately 92,000 km of national highways, with a plan to increase this to 95,000 km by March 2024, as per Anurag Jain, the secretary of road transport and highways. Speaking at a conference on road infrastructure organized by the International Road Federation, Jain emphasized a focus on building high-speed access controlled highways for the next 30 to 50 years, aiming to prevent future congestion and meet population needs.

NHAI likely to extend deadline for 'One Vehicle, One FASTag' initiative till March-end
NHAI is likely to extend the 'One Vehicle, One FASTag' compliance deadline due to the Patym crisis. RBI has advised PPBL customers to shift accounts by March 15, allowing withdrawal or utilization of balances.

MoSPI: 431 infra projects hit by cost overrun of ?4.80L cr in Jan
As per Ministry of Statistics and Programme Implementation (MoSPI), projects worth ₹150 crore and above, out of 1,821 projects, 431 reported cost overrun and 780 projects were delayed

High-speed access-controlled and four-lane highways construction to reach record high, says Anurag Jain
Further, Jain said that the Centre has lately introduced a lot of review systems with project directors and state governments, and undertaking weekly monitoring to ensure construction work quality. The government has identified as many as 9,000 black spots with work on more than 5,000 of them in full swing, with 100% completion expected by June this year, according to him.

Road Ministry hopes to construct over 12,000 km of roads in FY24
India's Ministry of Road Transport and Highways aims to construct 12,000-13,000 km of national highways in 2023-24, marking the second-highest annual achievement. The highest was 13,327 km in 2020-21. As of January 2024, 7,685 km has been completed. The ministry anticipates setting a record for the highest construction of four-lane roads and access-controlled highways, targeting 9,500 km.

Scope for more collaboration with Europe: Ports, Shipping and Waterways Secretary
India's maritime sector has significant growth potential, and there's room for increased collaboration with Europe, said TK Ramachandran, Secretary of the Ministry of Ports, Shipping, and Waterways. Speaking at the 2nd CII India Europe Business and Sustainability Conclave, he highlighted the India-Middle-East-Europe Connectivity Corridor's potential and opportunities for collaboration in shipbuilding and green ports.

Projects running behind schedule declined to a 15-month low in January; cost overruns dip
In January, the percentage of central government projects facing delays reached its lowest point in 15 months, dropping to 42.8% from 46.6% the previous month, according to a report. Out of 1,821 registered projects, 617 were on time, 780 were delayed, 431 experienced cost overruns, and 255 had both time and cost overruns. The average time overrun for the 780 delayed projects was 36.13 months.

India's longest transportation tunnel opens in Jammu on Udhampur-Srinagar-Baramula Rail Link
Indian Prime Minister Narendra Modi inaugurated the country's longest railway tunnel on the Udhampur-Srinagar-Baramulla Rail Link. The 12.77-km-long tunnel, known as T-50, is part of the Banihal-Khari-Sumber-Sangaldan section, allowing trains to run from Baramulla to Sangaldan. The section brings India a step closer to realizing the goal of running a train from Kashmir to Kanyakumari.


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