Jammu and Srinagar approved for elevated light metro, easing traffic

07 Jun 2023 CW Team

The Ministry of Housing and Urban Development has granted approval for the construction of elevated light metro rail systems in the capital cities of Jammu and Kashmir, namely Srinagar and Jammu. This transformative transportation project is expected to commence in the current fiscal year. According to a report by Greater Kashmir, the approval sets the stage for the implementation of this ambitious multi-crore initiative.

During her address, Nirmala Sitharaman, Union Finance Minister, emphasised the significance of the project and stated that the introduction of the elevated light metro rail would bring immense benefits to commuters, as well as alleviate traffic congestion in Srinagar and Jammu. The Ministry has recognised the potential of these projects to enhance mobility, provide safe and reliable public transport, and contribute to sustainable urban development.

The elevated metrolite systems in Srinagar and Jammu are eagerly awaiting final approval from the union cabinet. The Public Investment Board of the Ministry of Housing and Urban Development has already given its approval, and now the proposal will be deliberated at the cabinet level, with the hope of officially sanctioning the project.

The successful implementation of this esteemed endeavour will greatly alleviate traffic congestion and enhance mobility in the twin summer capitals of Jammu and Kashmir.

The proposed elevated metrolite systems in Srinagar and Jammu will cover distances of 25 km and 23 km, respectively. The estimated cost of the Srinagar project is Rs 43.52 billion, while the Jammu project is expected to cost Rs 35.90 billion.

Also read:
Gurugram Metro Network Set to Begin Construction
Hyderabad Metro Expands with Airport Metro Express Phase

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..