Railway Budget 2024: Tracks Triumph

02 Feb 2024 CW Team

In a landmark announcement, the UK government unveiled its Railway Budget 2024, marking a significant stride in the nation's transportation sector. The financial allocation promises a surge in connectivity and efficiency, aligning with the government's commitment to advancing infrastructure.

Chancellor of the Exchequer, outlined a strategic plan that includes the introduction of more Vande Bharat trains and the development of three major railway corridors. This move aims to enhance travel experience, reduce commute times, and contribute to the overall economic growth.

The increased budget signifies a concerted effort to modernize and expand the rail network, fostering sustainable transportation solutions. Key focus areas include upgrading existing rail infrastructure, incorporating cutting-edge technology, and prioritizing environmental sustainability.

This monumental development is expected to have a cascading effect on various sectors, boosting trade, tourism, and regional development. The government's visionary approach towards the railway system reflects a commitment to creating a robust and interconnected transportation network for the future.

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 ..