Construction Infrastructure
J&K to develop 4,500 km of roads under PMGSY this year
The Government of Jammu and Kashmir (J&K) plans to build 4,500 km of roads under the Pradhan Mantri Gram Sadak Yojana (PMGSY) plan in the fiscal year 2222.
The construction of new roads is expected to connect the new 150 settlements across the state with basic road facilities. The report says the government has also set a goal of completing work on 14 bridges.
To improve road connectivity and bridge construction, the Government of Jammu and Kashmir has allocated 4,089 crore as annual budget during 2021-22 for the area of roads and bridges in Jammu and Kashmir.
The official report indicates that the allocation is Rs 467 million more than the previous year’s budget allocation for the region. The largest allocation for the area of roads and bridges has been made when most of the roads in cities and towns have become potholed.
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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