India, World Bank sign a $500 mn deal for Green National Highway Corridor

05 Sep 2024 CW Team

The World Bank and the Indian government inked a deal for Himachal Pradesh, Rajasthan, Uttar Pradesh and Andhra Pradesh to receive USD $500 million for building of the Green National Highway Corridor Project (GNHCP). It is estimated that the project will cost around Rs.76.62 billion in total.

The GNHCP will be finished by May 2026 and it will use a number of cutting-edge strategies to lower carbon emissions and preserve natural resources over the course of its lifetime.

This project uses reclaimed asphalt pavement to conserve natural resources; it encourages the use of local materials like lime, fly ash and waste plastic and uses bio-engineering techniques to protect the slope such as hydro-seeding, interlink chain mesh with grass strips and Geocell with hydro-seeding.

During the project life cycle, it is anticipated that usage of green technology and bioengineering solutions, specifically in hilly areas, will lower carbon emissions and guarantee the preservation of natural resources.

Infrastructure Transport

20 Jun 2025

Dassault To Build Falcon Jets In India With Reliance

Reliance Infrastructure Ltd鈥檚 subsidiary, Reliance Aerostructure, has signed an agreement with France鈥檚 Dassault Aviation to manufacture Falcon 2000 business jets in India, with the first batch expected to roll out from its Nagpur facility by 2028. This marks the first time a Falcon aircraft will be entirely built outside France.The announcement sent Reliance Infrastructure shares surging, hitting the 5 per cent upper circuit on the BSE. Anil Ambani, Chairman of Reliance Group, hailed the agreement as a 鈥渟ymbol of India鈥檚 technological and manufacturing strength鈥�, adding that it aims..

Infrastructure Urban

20 Jun 2025

INDEA Lays Foundation for India鈥檚 First Auto Design School

The Indian School for Design of Automobiles (INDEA), the country鈥檚 first institute focused solely on automobile design and management, held its foundation stone ceremony at XLRI Delhi-NCR. The event was graced by Union Minister for Road Transport and Highways, Nitin Gadkari, who virtually unveiled the stone as Chief Guest.INDEA aims to become a premier talent hub, driving innovation in the Indian automotive sector. The school will focus on advanced design, mobility solutions, and sustainable practices, playing a vital role in shaping India鈥檚 transition from a cost-driven to a quality-led a..

Infrastructure Transport

20 Jun 2025

Karnataka Launches Global Innovation Hub at Airport City

The Government of Karnataka, in collaboration with Bengaluru Airport City Limited (BACL) and ANSR, has launched a global innovation hub named District I at Bengaluru Airport City's business park. The initiative aims to elevate India鈥檚 innovation ecosystem to a global scale by fostering collaboration among startups, academia, enterprises, and government bodies.District I will serve as a platform for deep-tech entrepreneurship, enterprise innovation, and commercialisation of academic research. It brings together Global Capability Centres (GCCs), IT firms, corporate labs, startups, venture capi..