Virgin Hyperloop One may invest $450 million for demo track in India

download (2).jpgSource: Financial Express, Jun 20, 2018

Pune: Futuristic transport solutions company Virgin Hyperloop One may invest around $450 million in India to turn its hyperloop vision into reality. Pune Metropolitan Region Development Authority (PMRDA) CEO Kiran Gitte said the Richard Branson-backed company was ready to invest the said amount for a demonstration track, provided the state government gave them the ‘right of way’ and the land required for the stations.

The demo track is slated to come up near the IT hub of Pune in Hinjewadi. The starting and ending points are yet to be finalised, Gitte said. Virgin Hyperloop and the Maharashtra government — through PMRDA — had signed a memorandum of understanding in February this year to build the first hyperloop in India.The hyperloop route will link central Pune, Navi Mumbai International Airport and Mumbai in 25 minutes. It is expected to be operational by 2024. It is also expected to eventually support 150 million passenger trips annually, saving more than 90 million hours of travel time and also reduce emission as the hyperloop transportation is 100% electric.

 

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Projects worth Rs 20,000 crore under implementation to boost ports capacity

downloadSource: The Economic Times, Jun 17, 2018

As many as 39 projects entailing investment of Rs 20,535 crore are under implementation to augment the capacity of 12 major ports, an official said.

These projects are part of 112 port capacity expansion projects, involving total investment of Rs 69,636 crore, that have been planned to increase port capacity to 3,500 million tonne per annum (mtpa) to cater to the projected traffic of 2,500 mtpa by 2025.

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How new-age infrastructure projects are redefining India

Source: LiveMint.com, Jun 06, 2018

New Delhi: The rising aspirations and needs of citizens are driving India towards new-age infrastructure where “SMART” is the byword. Almost every new infra project, be it public or private, coming up in the country is bringing in elements such as internet, internet of things, automation and technology to make it a part of evolving Smart India. Smart infrastructure is a broad concept with several components. A look at three of the basic ones and how they are redefining India as Smart India:

Smart Railways

Indian Railways tried to take a leap into the smart category with the introduction of Wi-Fi at its railway stations in January 2016. The then railway minister, Suresh Prabhu, decided that in the era of internet, provision of such a facility at railway stations will be a big draw for the public and also add to revenue. The idea was greatly appreciated by the people and the initial target of having Wi-Fi at 400 stations was raised to 7,000 by the present railway minister, Piyush Goyal.

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NHAI soon to rank roads, economic corridors for safety, better mobility

download (3).jpgSource: Business Standard, May 18, 2018

New Delhi: With the aim of providing safe and better mobility to commuters, the National Highways Authority of India (NHAI) will soon start ranking roads periodically on various parameters, including safety management.

Projects on marquee economic corridors of Delhi-Vadodara, Agra-Mumbai and Mumbai-Kolkata will be audited first and once the success rate of the gradation exercise is established, it will be extended to other highway contracts.

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Five new highways planned to cut down travel time

download (4)Source: The Economic Times, May 14, 2018

The highways ministry has identified at least five greenfield road networks connecting major industrial and manufacturing hubs, which will reduce the existing distance on these stretches up to 200 km. Last month, the government announced starting work on another greenfield expressway connecting Gurgaon with Mumbai cutting the distance by almost 200 km.

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Small developers grab nearly half of NHAI’s road contracts in FY18

Source: LiveMint.com, May 14, 2018

Mumbai: Smaller developers won nearly half of all road-building contracts given out by the National Highways Authority of India in 2017-18, NHAI data compiled by investment bank Equirus Securities showed.

The biggest contract winners were large companies such as Dilip Buildcon Ltd (Rs18,770 crore), IRB Infrastructure Developers Ltd (Rs8,900 crore) and Ashoka Buildcon Ltd (Rs5,500 crore).

However, a bunch of nearly 90 other small developers, including HG Infra Engineering Ltd, Madhucon Projects Ltd, JKumar Infraprojects Ltd, Gammon India Ltd and a host of joint ventures by Monte Carlo Ltd and PNC Infratech Ltd mopped up 48% of bids awarded in the year.

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Bogibeel, India’s longest road-rail bridge, to be inaugurated by PM Modi this year

Source: The Economic Times, May 09, 2018

BOGIBEEL: In a major boost to defence logistics along the border with China, India’s longest road and railway bridge connecting Dibrugarh in Assam to Pasighat in Arunachal Pradesh is likely to be inaugurated later this year by Prime Minister Narendra Modi.

While all the civil work would be completed by July this year, two more months would be needed to finish the electrical and signalling work on the 4.94 km bridge, said Mahender Singh, Chief Engineer, construction, Bogibeel project.

The Bogibeel bridge is likely to be inaugurated by Prime Minister Narendra Modi by the end of this year, officials said. The bridge, which is the second longest in Asia, has three lane roads on top and double line rail below.

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