PM Modi to cut the ribbon for important infrastructure projects in Varanasi
PORTS & SHIPPING

PM Modi to cut the ribbon for important infrastructure projects in Varanasi

As reported, Prime Minister Narendra Modi is set to inaugurate two major national highways, which spread to a total length of 34 km, and an inland waterways project in Varanasi. 

The two roads have been built at a combined cost of Rs 15.71 billion – the 16.55 km long Varanasi Ring Road Phase 1 was laid at approximately Rs 7.59 billion, and the construction of the Babatpur-Varanasi road which is 17.25 km long, has cost Rs 8.12 billion. 

Reportedly, the Haldia-Varanasi stretch (National Waterway-1) is being developed at a total cost of around Rs 53.69 billion with financial and technical support from the World Bank. The funding for the project will be equally shared by the Indian Government and the World Bank. It is the first waterway terminal on Ganga and falls under the government’s Jal Marg Vikas Project which is an effort to develop the stretch for the navigation of large vessels weighing up to 1,500 to 2,000 tonne. 

The scope of the entire project includes: Construction of three multi-modal terminals, river information system, two inter-modal terminals and differential global positioning system (DGPS), among other works. 

The Babatpur-Varanasi road will connect Varanasi to the airport, while further connecting Jaunpur, Sultanpur and Lucknow. It is set to reduce the travel time to the airport. The ring road, on the other hand, is set to reduce the traffic in the region as well as make a difference in fuel usage and pollution on NH-56.  It will also make it easier to reach the Buddhist pilgrimage site, Sarnath. 

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

As reported, Prime Minister Narendra Modi is set to inaugurate two major national highways, which spread to a total length of 34 km, and an inland waterways project in Varanasi. The two roads have been built at a combined cost of Rs 15.71 billion – the 16.55 km long Varanasi Ring Road Phase 1 was laid at approximately Rs 7.59 billion, and the construction of the Babatpur-Varanasi road which is 17.25 km long, has cost Rs 8.12 billion. Reportedly, the Haldia-Varanasi stretch (National Waterway-1) is being developed at a total cost of around Rs 53.69 billion with financial and technical support from the World Bank. The funding for the project will be equally shared by the Indian Government and the World Bank. It is the first waterway terminal on Ganga and falls under the government’s Jal Marg Vikas Project which is an effort to develop the stretch for the navigation of large vessels weighing up to 1,500 to 2,000 tonne. The scope of the entire project includes: Construction of three multi-modal terminals, river information system, two inter-modal terminals and differential global positioning system (DGPS), among other works. The Babatpur-Varanasi road will connect Varanasi to the airport, while further connecting Jaunpur, Sultanpur and Lucknow. It is set to reduce the travel time to the airport. The ring road, on the other hand, is set to reduce the traffic in the region as well as make a difference in fuel usage and pollution on NH-56.  It will also make it easier to reach the Buddhist pilgrimage site, Sarnath. 

Next Story
Real Estate

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Next Story
Real Estate

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Next Story
Infrastructure Urban

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement