Work Begins on Rs 6.5 Billion Goregaon-Mulund Link Road Tunnels
Work on the twin tunnels of the ambitious Rs 6.5 billion Goregaon-Mulund Link Road (GMLR) project is set to commence next month. Several trailers carrying components of the Tunnel Boring Machine (TBM) intended for excavating the tunnels have arrived in Mumbai from Japan. The final shipment of the first TBM parts is expected next month, paving the way for construction to begin.Phase 3(B) of the GMLR project will develop a 6.65-kilometre corridor, including a 1.22-kilometre triple-lane box tunnel at Film City and twin tunnels beneath Sanjay Gandhi National Park (SGNP).The tunnels will start at F..
New High-Speed Corridor to Cut Delhi-Gurugram Travel Time
Fed up with long traffic jams between Delhi and Gurugram? Relief may be near as plans for a new high-speed corridor are underway, set to drastically reduce travel time between the two cities. What currently takes over an hour on congested routes such as NH-48 or MG Road could soon be shortened to just 25 to 30 minutes.A direct link originating from either Gyarah Murti or Talkatora Stadium to Gurugram is being explored as part of two key proposals designed to ease traffic congestion in Lutyens’ Delhi and Central Delhi, according to government sources.The concept was discussed at a meeting in ..
Vertis Raises Rs 9 billion via SLB, Sets InvIT Benchmark
Vertis Infrastructure Trust (formerly Highways Infrastructure Trust), a SEBI-registered Infrastructure Investment Trust (InvIT), has raised Rs 9 billion through a Sustainability-Linked Bond (SLB), the largest such issuance by an Indian InvIT to date. The 10-year fixed-rate bond, priced at 7.40 per cent, was anchored by the International Finance Corporation (IFC) with an investment of Rs 4.5 billion. This landmark issuance underlines growing global confidence in India’s ESG-focused infrastructure financing landscape. The SLB features predefined sustainability performance targets, linking..
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