Traffic improves due to direct calling of mainline vessels
MMRDA Clears Rs 120 Bn Metro and Transport Projects
The Mumbai Metropolitan Region Development Authority (MMRDA) has approved 19 major infrastructure projects worth over Rs 120 billion at its Executive Committee meeting held recently. These initiatives are aimed at strengthening metro connectivity, enhancing multimodal transport systems, and accelerating urban mobility across the Mumbai Metropolitan Region (MMR).Chief Minister Devendra Fadnavis hailed the move as a strategic step towards a smarter, more connected Maharashtra. 鈥淭hese projects will accelerate economic activity and significantly enhance the quality of life. This is more than jus..
Delhi鈥揓aipur Drive to Shrink by One Hour
The National Highways Authority of India (NHAI) will open a 67-kilometre four-lane spur between Bandikui and Jaipur by mid-July, trimming the Delhi鈥揓aipur journey by roughly one hour and shaving 12 kilometres off the route. Now undergoing a final safety audit, the access-controlled link forms part of the Delhi鈥揗umbai Expressway and will allow motorists to bypass the traffic-choked Jaipur鈥揂gra highway (NH 44).At present it takes about two hours thirty minutes to reach the Bandhrej exit from Delhi and a further ninety minutes to negotiate the last 69 kilometres to Jaipur. Once the new corr..
Adani鈥檚 Mumbai Airport Wins $750 Mn Apollo Backing
Mumbai International Airport Ltd (MIAL), a subsidiary of Adani Airport Holdings, has raised $750 million through four-year unsecured notes placed with affiliates of Apollo-managed funds and other long-term investors. The proceeds will refinance existing borrowings, and the structure allows for a further $250 million tap if required.Earlier this month Adani Airport Holdings, the aviation arm of Adani Enterprises, secured another $750 million from a syndicate of global banks. According to a June Bloomberg report, the division is due to be spun off and listed by March 2027, giving investors a cle..
Latest Updates
Modal Heading
