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Assam Cabinet Approves Rs 4.19 Bn for Road Infra Projects
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Atal Setu Records Daily Traffic Below Projections in First Year
India’s longest sea bridge, Atal Setu, which connects Sewri in Mumbai to Chirle in Navi Mumbai, has reported an average daily traffic of 22,689 vehicles in its first year, falling short of the initial projection of 56,000 vehicles per day. The 22-kilometer bridge, inaugurated by Prime Minister Narendra Modi on January 12, 2024, was constructed at a cost of Rs 178.4 billion and is hailed as a milestone in Maharashtra’s infrastructure development. According to the Mumbai Metropolitan Region Development Authority (MMRDA), the Atal Setu, formerly known as the Mumbai Trans Harbour Link (MT..
Khurda Road-Balangir Rail Project Achieves Milestone with Tunnel
The Khurda Road-Balangir New Rail Line Project has reached a major milestone with the successful breakthrough of Tunnel No. T3, located between Buguda and Banigochha in Odisha’s Nayagarh district. The East Coast Railway (ECoR) announced that the 2,620-meter-long tunnel, featuring a 2-degree curve, was excavated using the New Austrian Tunneling Method (NATM). The breakthrough, or "daylighting," was achieved on January 13, marking significant progress in this critical infrastructure project. Tunnel No. T3 is the longest tunnel in Nayagarh district and the second-longest in the 301-kilometer Kh..
CCI Approves Ashoka Buildcon's Stake Acquisition in Ashoka Concessions
The Competition Commission of India (CCI) has approved Ashoka Buildcon's proposal to acquire the remaining 34% equity stake in Ashoka Concessions Ltd (ACL). With this approval, Ashoka Concessions will become a wholly-owned subsidiary of Ashoka Buildcon, which currently holds a 66% stake in the company. The transaction involves Ashoka Buildcon acquiring the remaining equity shares of ACL and certain convertible instruments of ACL by Ashoka Buildcon and its subsidiary, Viva Highways. In addition, Viva Highways will acquire a 26% equity stake in Jaora Nayagaon Toll Road Company (JN) for Rs 1.5 bi..
