Infrastructure Development Faces Hurdles: Ministry of Road Transport Urges Financial Resolution
ROADS & HIGHWAYS

Infrastructure Development Faces Hurdles: Ministry of Road Transport Urges Financial Resolution

The Ministry of Road Transport and Highways has raised concerns about the sluggish pace of road construction, urging the Finance Ministry to address disputes hindering progress. The infrastructure development, a key component of economic growth, is facing challenges that need immediate resolution. The Ministry emphasizes the critical role of financial stability in overcoming these hurdles, highlighting the impact on timely project completion. Disputes surrounding funding and resource allocation have led to delays, prompting a collaborative effort between the two ministries to streamline processes. This plea for resolution underscores the importance of a cohesive approach to maintain momentum in the country's infrastructure initiatives. Key issues include budgetary constraints, contractual disagreements, and resource distribution. Addressing these concerns is pivotal for sustained economic development, job creation, and improved connectivity. As the government works towards ambitious infrastructure goals, a swift resolution is imperative to ensure the successful implementation of crucial projects.

The Ministry of Road Transport and Highways has raised concerns about the sluggish pace of road construction, urging the Finance Ministry to address disputes hindering progress. The infrastructure development, a key component of economic growth, is facing challenges that need immediate resolution. The Ministry emphasizes the critical role of financial stability in overcoming these hurdles, highlighting the impact on timely project completion. Disputes surrounding funding and resource allocation have led to delays, prompting a collaborative effort between the two ministries to streamline processes. This plea for resolution underscores the importance of a cohesive approach to maintain momentum in the country's infrastructure initiatives. Key issues include budgetary constraints, contractual disagreements, and resource distribution. Addressing these concerns is pivotal for sustained economic development, job creation, and improved connectivity. As the government works towards ambitious infrastructure goals, a swift resolution is imperative to ensure the successful implementation of crucial projects.

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Infrastructure Transport

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..

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Infrastructure Transport

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..

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Real Estate

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 ..

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