Road Work Halted Over Funding Dispute

17 May 2024 CW Team

Construction work on the road connecting Yamuna Expressway (YXP) to Eastern Peripheral Expressway (EPE) has come to a halt as the construction company demands an additional ?150 million in funding. The delay in funding has disrupted progress on the crucial road project, affecting connectivity and transportation in the region.

The road connecting YXP to EPE is a vital link for commuters and facilitates smoother travel between the two expressways. However, the halt in construction has raised concerns among residents and commuters about the impact on traffic flow and accessibility.

The construction company responsible for the project has cited cost escalation and unforeseen expenses as reasons for seeking additional funding from the authorities. Despite initial agreements and allocations, the company claims that the existing budget is insufficient to cover the project's expenses.

Officials from the local administration and concerned authorities are engaged in discussions with the construction company to resolve the funding dispute and resume work on the road project. Efforts are underway to identify potential sources of additional funding and expedite the release of necessary funds to ensure the timely completion of the road.

The halt in construction on the YXP-EPE road underscores the challenges associated with infrastructure development and funding issues. Timely resolution of the funding dispute is crucial to minimise disruptions and ensure the smooth progress of the road project, benefiting commuters and enhancing connectivity in the region.

As stakeholders work towards resolving the funding dispute, residents and commuters await the resumption of construction on the YXP-EPE road, hoping for swift action to address the funding shortfall and expedite the completion of this vital infrastructure project.

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..