The state government, National Highways Authority of India (NHAI) and Mormugao Port Trust (MPT) recently signed a tri-partite agreement to undertake the construction of 5.2 km of the four lane road from Varunapuri to MPT.
The Odisha government has decided to expedite the pending road projects with an aim to boost infrastructural development which has slowed down during the last couple of years. Official sources said that the target has been set to complete Bhubnaeswar-Puri road by September, 2013, Bhubaneswar-Chandikhol road by June, 2014, Sambalpur-Bargarh road by May, 2014 and Rimuli-Rajamunda road by January, 2014.
About 28 rural road projects in Jammu & Kashmir have been approved by the Ministry for Rural Development. The 350 km long projects worth Rs 438 crore will include six proposals of 142 km length in the Leh region and 22 projects of 207 km length in the Kargil district. The Leh proposals are worth Rs 181.4 km and the proposals in Kargil will cost Rs 256.6 crore.
Funds worth Rs 5,000 crore will be raised by IRB Infrastructure Development in order to complete its road projects in Maharashtra and Haryana. The two projects include four-lane roads of NH-211 in Maharashtra worth Rs 558 crore and four-lane roads of the NH-15265 in Haryana worth Rs 234 crore.
Pratibha Industries has secured a contract for construction of corporate office for ONGC. Man Infraconstruction has bagged an order for civil and structural works of its residential towers 'Lifespaces Glory' for Omshanti Developers in Mumbai.
An amount of Rs 350 crore for the construction of the four lane road project for Nalgonda-Mahabubnagar has been sanctioned. The survey for the 160-km long stretch was completed two years ago, with no action taken by the government. This project will provide a relief from the traffic flow of the cement carrying vehicles.
Promoted by AVS Raju and his associates, Nagarjuna Construction Company was incorporated in 1990. . It took over the business of erstwhile partnership firm Nagarjuna Construction Corporation, established in 1978.