Sweden's SBB creditors swap $158 mn debt for residential bonds

Work on Chennai’s First Cable-Stayed Bridge Set to Begin Soon

Construction of Chennai’s first cable-stayed bridge is set to begin soon as part of the Chennai Port–Maduravoyal elevated corridor project. The bridge will be located near Napier Bridge, where the corridor crosses onto Swami Sivananda Salai. A single pier will support the structure at this location, and the ramp will extend via Island Grounds. Piling work at the site is expected to begin shortly.Two additional cable-stayed bridges will also be constructed along the 20-km-long double-decker corridor—one at Koyambedu and another at Maduravoyal. Each of the three bridges will be 300 metres ..

MMRDA Seeks Rs 5.50 Bn Property Tax Waiver on Metro Yards and RMC Plants

The Mumbai Metropolitan Region Development Authority (MMRDA) has requested the State Urban Development Department to direct the Brihanmumbai Municipal Corporation (BMC) to waive Rs 5.50 billion in property tax levied on temporary casting yards and Ready Mix Concrete (RMC) plants set up by Metro contractors. This request follows a letter sent by the BMC in December 2024, demanding recovery of the pending dues.J Kumar Infraprojects was allotted seven plots by MMRDA across various BMC wards—H/East (Santacruz), H/West (Bandra), K/East (Andheri), P/North (Malad), and M/West (Chembur)—to establi..

Bridging the Gap

India’s bridge infrastructure market is poised for significant growth, projected to rise from $ 42.16 billion in FY2024 to $ 68.26 billion by FY2032, registering a compound annual growth rate (CAGR) of 6.21 per cent, according to Markets & Data. This upward trajectory is bolstered by an 11.1 per cent increase in capital infrastructure spending this year, taking the total allocation to Rs 11.11 lakh crore (~$ 133 billion).“Policy reforms and institutional frameworks have emerged as key accelerators in India’s bridge construction landscape, streamlining execution, enhancing resilience ..