Government allocates Rs 7.66 billion for Goa highway projects

06 Mar 2024 CW Team

Union Minister for Road Transport and Highways Nitin Gadkari has sanctioned a budget of Rs 7.66 billion for the execution and fortification of several National Highways projects in Goa.

In a social media post, the minister conveyed that an amount of Rs 4.55 billion had been approved for the construction of a 4-lane flyover from MES College Junction to Bogmalo Junction, covering a total length of 3.35 Km on NH-566.

Furthermore, a 4-lane Vehicular Underpass (VUP) at Queeny Nagar Junction, spanning 1.22 Km, would be constructed under the engineering, procurement, and construction (EPC) mode within the National Highways (original) framework.

Gadkari revealed that an allocation of Rs 3.10 billion had been given the green light for land acquisition in Goa to facilitate the construction of the Cuncolim Bypass from Uskini-bandh Cuncolim to Bendordem.

Covering a distance of 8.33 Km on NH-66 in the South Goa district, this project, incorporated in the Annual Plan 2023-24, aims to hasten the completion of the Mumbai to Kanyakumari Economic Corridor.

He pointed out that the bypass would address congestion and accidents in Cuncolim town, ensuring enhanced connectivity to tourist destinations, South Goa district HQ, and the capital city Panaji.

This development envisions improved service levels, substantial socio-economic advantages, lowered Vehicle Operating Cost (VOC), and reduced travel time.

Infrastructure Transport

15 Sep 2025

Cabinet Approves Key Highway and Rail Projects in Bihar Region

The Union Cabinet on Wednesday approved the four-laning of the 84.2-km Mokama-Munger section of the Buxar-Bhagalpur high-speed corridor, a key industrial region in poll-bound Bihar. The Cabinet also sanctioned the doubling of the 177-km Bhagalpur-Dumka-Rampurhat railway line, which passes through Bihar, Jharkhand, and West Bengal, at a cost of Rs 31.7 billion.The Rs 44.5 billion highway project will be constructed under the hybrid annuity model, a variant of public-private partnership. The Mokama-Munger stretch was the only remaining two-lane section of the 363-km Buxar-Bhagalpur corridor. Fou..

NGT Issues Notice on Bengaluru Twin Tunnel Project

The National Green Tribunal (NGT) on Wednesday issued notices in response to a petition filed by Bengaluru Praja Vedike and others, challenging the Bengaluru twin tunnel road project. Petitioners claim the project was “hastily announced” and bypassed mandatory environmental impact assessment procedures.Notices have been served to the Karnataka Government, Greater Bengaluru Authority, State Environment Impact Assessment Authority (SEIAA), Bengaluru Smart Infrastructure Ltd (B-SMILE), the Union Ministry of Environment, Forest and Climate Change, and project consultants.The 16.74-km twin-tube..

India’s Residential Sales to Dip Slightly in FY26

Residential sales in India’s seven major cities are projected to decline by up to 3 per cent year-on-year in FY26 to 620–640 million square feet (msf), amid a moderation in sales velocity, according to ratings agency Icra.In FY25, sales stood at 643 msf, down 8 per cent YoY, following a sharp contraction in new launches and moderated demand in the affordable and mid-income segments. This slowdown came after the sector posted a robust compound annual growth rate of 26 per cent in area sales between FY22 and FY24.Icra noted: “Having seen a strong upcycle, the sector entered an equilibrium ..