Construction Infrastructure
Punjab Govt approves development projects to boost infra
The government of Punjab has approved development projects including the third phase of the Urban Environment Improvement Program (UEIP) of Rs 500 crore and the development of the Ranjit Sagar Dam lake worth Rs 450 crore.
The decision was taken at a meeting of the Executive Committee (EC) of the Punjab Infrastructure Development Board (PIDB).
The UEIP Rs 500 crore phase 3 approval focuses on the modernization of infrastructure in 167 urban local authorities.
A special component program was approved by the committee with funding of Rs 250 crore by PIDB for other urban development activities.
The Rs 450 crore Ranjit Sagar Dam lake in Pathankot will be developed as an international standard tourist destination in the public-private partnership (PPP) model.
News Source: ConstructionWorld
Construction Infrastructure
The Adani Enterprises unit has received a letter of approval for an NH project in Maharashtra
Adani Road Transport Ltd (ARTL), a wholly owned subsidiary of Adani Enterprises, has received LoA for a project involving six laning of Kagal-Satara section of NH-48 (old NH4) in Maharashtra. The project will be executed under the Bharatmala Pariyojana at ₹2,008.47 crores. The construction period for the 67-km long road project is expected to be 2 years from the date of appointment and the concession period will be 18 years.
With this project award, Adani’s road portfolio will have total 14 projects with more than 5,000 lane km with asset value exceeding ₹41,000 crore spread across India.
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