Ponda to Bhoma highway expansion to cost Rs 4.1 Bn

25 Nov 2024 CW Team

The Union ministry for road transport and highways (MoRTH), through the Goa Public Works Department (PWD), has tendered the work of four-laning the highway stretch from Ponda to Bhoma at the cost of Rs 4.1 billion, which includes the cost of shifting of utilities. As per the tender, the work is expected to be completed within two years, and the contractor will include a 60-month maintenance period for the road once constructed. Earlier this year, Union road transport minister Nitin Gadkari announced that the Central govt has approved Rs 5.57 billion for the four-laning of the 9.6km stretch from Ponda to Bhoma on NH 748. This is one of the last bottlenecks on a key highway route left to be widened in Goa. This is a crucial stretch of the highway, and the project will be executed in engineering, procurement, and construction mode. This project does not include the disputed Bhoma stretch of road, where locals sought a bypass to save their houses and village temples. This section from Ponda to Bhoma represents the missing four-lane link between the adjacent four-lane segments of Khandepar to Ponda and the Ribandar bypass. This project is expected to facilitate inter-state traffic from Karnataka and enhance connectivity to Dabolim airport and Mormugao port via NH 566 and NH 66. The current stretch of road suffers from significant congestion and frequent accidents. The four-laning is expected to address four accident blackspots.

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

G R Infraprojects Secures Rs 4,130 Million BESS Contract From NTPC

G R Infraprojects said it has secured a contract from NTPC to supply and implement a battery energy storage system (BESS) valued at Rs 4,130 million (mn). The company reported the order was awarded as part of NTPC's ongoing efforts to enhance grid flexibility and energy storage capacity. The contract represents a notable addition to the firm's project pipeline and underscores demand for utility scale storage solutions. The award is expected to strengthen G R Infraprojects' presence in the energy infrastructure sector and to contribute to the firm's order book and future revenues, subject to st..