Centre Approves Road Works Funds

08 Jul 2024 CW Team

Karnataka, being a crucial state in the southern region, has seen a steady increase in vehicular traffic, necessitating better road infrastructure. The approved projects will address the growing demand for efficient transportation and aim to reduce travel time significantly. The initiatives include widening highways, constructing bypasses, and improving rural roads to ensure seamless connectivity between urban and rural areas.

The Union Minister emphasized that the projects would be executed with the highest standards of quality and safety. He highlighted the importance of these projects in boosting the state's economic activities by facilitating the movement of goods and people more efficiently. Additionally, these road works are expected to create numerous job opportunities, contributing to the state's economic development.

Among the major projects, the development of the Bengaluru-Chennai Expressway is a highlight. This expressway will significantly cut down travel time between the two major cities, promoting trade and commerce. Another key project includes the upgradation of the Bengaluru-Mysuru highway, which is crucial for tourism and industrial growth in the region.

The Centre's approval is part of its broader strategy to improve the national highways and state roads network across the country. Karnataka's allocation reflects the state's strategic importance and its potential for growth. The state government has welcomed this move and assured full cooperation for the timely completion of these projects.

These road works are expected to enhance Karnataka's overall infrastructure, making it more attractive for investments. Improved road connectivity will not only ease the movement of goods and services but also contribute to the overall socio-economic development of the state.

Keywords:

The Centre has approved road works worth Rs 8,000 crore for Karnataka in the current fiscal year. The announcement was made by Union Minister for Road Transport and Highways Nitin Gadkari. This significant allocation aims to enhance the road infrastructure across the state, fostering economic growth and improving connectivity. The funds will be utilized for various projects, including the construction of new roads, upgrading existing ones, and enhancing overall road safety. Karnataka, being a crucial state in the southern region, has seen a steady increase in vehicular traffic, necessitating better road infrastructure. The approved projects will address the growing demand for efficient transportation and aim to reduce travel time significantly. The initiatives include widening highways, constructing bypasses, and improving rural roads to ensure seamless connectivity between urban and rural areas. The Union Minister emphasized that the projects would be executed with the highest standards of quality and safety. He highlighted the importance of these projects in boosting the state's economic activities by facilitating the movement of goods and people more efficiently. Additionally, these road works are expected to create numerous job opportunities, contributing to the state's economic development. Among the major projects, the development of the Bengaluru-Chennai Expressway is a highlight. This expressway will significantly cut down travel time between the two major cities, promoting trade and commerce. Another key project includes the upgradation of the Bengaluru-Mysuru highway, which is crucial for tourism and industrial growth in the region. The Centre's approval is part of its broader strategy to improve the national highways and state roads network across the country. Karnataka's allocation reflects the state's strategic importance and its potential for growth. The state government has welcomed this move and assured full cooperation for the timely completion of these projects. These road works are expected to enhance Karnataka's overall infrastructure, making it more attractive for investments. Improved road connectivity will not only ease the movement of goods and services but also contribute to the overall socio-economic development of the state. Keywords:

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Infrastructure Transport

30 May 2026

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Infrastructure Urban

30 May 2026

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..