Roads

The passenger vehicle market in India is likely to reach about five million units in FY 2023 from 3.3 million units in FY18, clocking a compounded annual growth rate (CAGR) 7.7%, according to a recent ASSOCHAM-Roland Berger joint study.

1. Consultancy Services for Development of Integrated Road Accident Database (IRAD) under National Highways Inter-Connectivity Improvement Projects (NHIIP).

The Government has approved Surat Metro Rail Project with two Rail Corridors of combined 40.35 km length.

Minister of State for Development of North Eastern Region (DoNER), Dr Jitendra Singh dedicated two Inter-State road projects in the North-Eastern Region, through video conferencing at a function in Delhi on 9 Mar 2019.

Road Transport and Highways Minister Nitin Gadkari wants new ideas adopted for improving transport facilities in towns and cities.

The Indian Government has signed US$371.2 million agreements with the World Bank for a wide range of projects. These were signed in New Delhi on 5 Mar 2019.

The Cabinet Committee on Economic Affairs has approved revised cost for the Asian Development Bank (ADB) assisted North Eastern State Roads Investment Programme now called the North East Road Sector Development Scheme.

The Cabinet Committee on Economic Affairs has approved construction of four-lane bridge to be built with loan assistance from Japan International Cooperation Agency (JICA) at a capital cost of Rs.4,997.04 crore.

The Asian Infrastructure Investment Bank (AIIB) and the Government of India signed a US$455 million loan in New Delhi to finance the Andhra Pradesh Rural Roads Project.

The Cabinet has approved Kanpur Metro Rail Project having two corridors, which will connect major public nodes and city cluster areas of Kanpur, when completed in five years. it is estimated to cost Rs.11,076.48 crore.