Railways to rope in private players to modernise 23 stations

01 Feb 2017 CW Team

The railways has decided to rope in private companies to redevelop and modernise 23 stations, including the iconic Howrah station, Mumbai Central and Chennai Central. The first private sector-driven redevelopment plan at Habibganj (near Bhopal) is expected to be flagged off shortly.

The overall investment is estimated to be in the range of Rs 25,000 crore. Apart from modernising the railway station, the developer will also get the rights to develop surplus land near the station, including building of hotels and other facilities.

Infrastructure Urban

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MoHUA Plans New Role for Smart City SPVs

In a significant policy move, the Ministry of Housing and Urban Affairs (MoHUA) has issued an advisory encouraging the continued use and repurposing of Special Purpose Vehicles (SPVs) formed under the Smart Cities Mission (SCM). This marks a step toward sustaining urban transformation by leveraging institutional capabilities and infrastructure developed over the past decade.Initiated in 2015, the Smart Cities Mission introduced a new era of urban planning in India, with each of the 100 selected cities forming SPVs under the Companies Act, 2013. These entities, jointly owned by state government..

Infrastructure Urban

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ADB Approves $110 Million Loan to Boost Skills in Gujarat

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Infrastructure Urban

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SDAL Tests Rudrastra UAV and Bhargavastra Defence System

Solar Defence and Aerospace Limited (SDAL) has successfully completed a key flight test of its indigenous Hybrid VTOL UAV Rudrastra at the Pokharan Firing Range, aligning with Indian Army performance benchmarks for mission adaptability, high endurance, precision engagement, and vertical take-off and landing (VTOL) capability.The trial marks a notable achievement in India鈥檚 Aatmanirbhar Bharat initiative, underscoring advancements in home-grown military technology. The Rudrastra UAV demonstrated a mission radius exceeding 50 km with uninterrupted video relay, a total operational range of over..