Construction Infrastructure
Nabard sanctions Rs 206 cr for rural development in Odisha
Nabard said on Monday that it had approved Rs 206 crore under the Rural Infrastructure Development Fund (RIDF) in Orissa. It said that it will expand financial assistance to the Orissa state government for the construction of 25 rural road projects. Designed to support the rural economy by improving people’s lives, these projects are implemented by the State Government’s Engineering Department. The National Agricultural and Rural Development Bank stated that these 203-kilometer projects will improve road connectivity for 2.048 million people in 17,723 villages. “This sanction is a priority set by the state government to develop rural infrastructure for drinking water supply, irrigation and connectivity,” it said. It added that, as a result, the cumulative sanctions under the RIDF (2021-22) reached the level of Rs 1,493 crore. Air Transport Administration
News Source : Backtrack
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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