Construction Infrastructure
GMR to invest ₹500-cr in metro rail link project connecting Hyderabad airport
The project cost of metro line would be around Rs 5000 crore and the company will be investing Rs 519.52 crore in the project, as per the report ‘Application for determination of aeronautical tariffs for the third control period (April 1, 2021 to March 31, 2026)’ submitted to the Airport Economic Regulatory Authority (AERA).
The state government has formed a special purpose vehicle, Hyderabad Airport Metro Limited (HAML) which would be responsible for development, construction, operations and management of the airport metro link which is expected to span about 31 km, the report said.
The plan envisages the development of an alignment of 8 km along with setting up of three metro stations within the premises of RGIA, it added. GHIAL is also investing Rs 300 crore towards airfield pavement enhancement and Rs 75 crore on airfield ground lighting upgrade. The company has awarded the contract and works are in full swing to complete the same while air traffic movement is contained due to Covid and said it expects to complete it in the next 10 months, as per the report.
News Source : ZeeBiz
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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