The company failed to achieve financial closure for the Rs 12,100-crore (Rs 121 billion) metro project in March and had sought extension of the deadline by another six months. The decision on it is pending with the state government. Doubts were also expressed about its capabilities to execute the Rs 1,650-crore (Rs 16.5 billion) Machilipatnam project.
As Hyderabad prepares the road map for its Metro rail, the city's oldest markets face survival threat.
"I congratulate the people of Kochi on the proud moment," the PM said.
Metro projects usually require additional funding by promoters, which RInfra refuses to in this case.
Metro rail services were closed on March 22 in the wake of the COVID-19 pandemic.
Thales group of France bags signalling, train control and communication contracts.
Dismal ridership figures and eroding profitability could turn this showcase transit project into a white elephant.
In the first phase, 1,600 CISF personnel will be deployed to cover the 59 stations of mass transit system, stretching over 62 kms, as against the present system of 700-odd men guarding the network round the clock.
The exit of Larsen & Toubro (L&T) from the Hyderabad Metro is a long-term positive for the stock. It could be a bullish trigger, alongside higher international orders, and new opportunities in segments like defence and data centres.
Long queues of passengers were seen outside various Delhi Metro stations on Wednesday morning, a day after new restrictions were put in place by authorities, including running of its trains with only 50 per cent seating capacity and no provision for standing for commuters, in view of rising cases of COVID-19 in Delhi.
Part-I of this three-part series dives into Delhi-NCR's SPR, Sohna, Dwarka Expressway, and Jewar Airport leading the charge.
Take the rediff business quiz and find out how much you know about `the underbellies'.
Globally, governments are undertaking ambitious projects that will change the infrastructure of the respective regions.
Prime Minister Manmohan Singh on Wednesday led the foundation of Rs 19,500-crore (Rs 195 billion) Metro Rail Project, which authorities hope will help ease traffic flow within the metropolis.
Afreen Shah, a 20-year-old woman, was one of seven people killed in a bus accident in Mumbai's Kurla on Monday night. The bus rammed into pedestrians and vehicles on the SG Barve Road, leaving 42 others injured. The accident occurred as Afreen was waiting for an autorickshaw after her first day at a new job. Her father, Abdul Salim Shah, spoke to her last at 9:09 pm, advising her to walk towards the highway to find an autorickshaw. He received a call from Bhabha Hospital at 9:54 pm, informing him of his daughter's death. Shah has called for government action to prevent similar accidents, citing congestion due to illegal parking, hawking, and metro rail work. The bus driver has been arrested and charged with culpable homicide not amounting to murder.
The ambitious project of the urban development ministry, pegged at Rs 4,676 crore, was originally scheduled to be completed in 2015. It is to be executed through a joint venture company of the central and state government. Equity participation of the state and central government will be on a 50:50 basis. But soon after taking charge of the railway ministry, Banerjee had a talk with Union Urban Development Minister S Jaipal Reddy about her apprehensions.
Affirming that the Centre was "serious" about Rs 4,000-odd crore (Rs 40 billion) Metro Rail for Bangalore, Union Urban Development Minister Ghulam Nabi Azad on Wednesday said the project was expected to be completed in four years. \n
It is yet to be decided whether the Rs 2,356 crore (Rs 23.56 billion) Phase One of the project is eligible for VGF or not, a key Finance Ministry official told PTI. \n
On Tuesday, the state-run Mumbai Metropolitan Region Development Authority, the planning body, indicated that it expected to award the contract before December, which would pave the way to kick start construction in the same month.
Had he been alive today, the Mahatma would likely travel by metro, as hundreds of women and men do each day. Insiyah Vahanvaty reports for Rediff.com on an unusual exhibition on the Mahatma at Delhi metro stations.
In what could bring some respite to Maytas Infra, which is caught in a controversy after Satyam aborted its bid to acquire it, the Andhra Pradesh government refused to see the Satyam issue as a factor that would impact the Rs 12,000-crore (Rs 120 billion) Hyderabad Metro Rail (HMR) project, which is being executed by a Maytas-led consortium.
Special ticketing units at Kashmere Gate, Chandni Chowk.
The foundation stone for the prestigious Hyderabad Metro Rail Project will be laid in January 2011.
The Andhra Pradesh government has scrapped its 10-month-old agreement with Maytas Infrastructure-led consortium for the implementation of the prestigious Rs 12,230-crore (Rs 122.390 billion) Hyderabad Metro Rail Project.
Work on the Hyderabad metro rail will begin by May next year and some sections will be opened for traffic by March 2014. The entire project will be completed by end of 2014.
Justice Rewa Khetrapal directed the company to file its response by August 20 when the matter will be taken up for further hearing.
The process will be initiated on July 16 and completed by November 15, according to state municipal administration minister Aanam Ramanarayana Reddy. Last week, the state government cancelled the contract awarded to Maytas Infra-led consortium after it failed to tie up funds despite a three-month extension. Maytas Infra is promoted by kin of disgraced Satyam founder B Ramalinga Raju.
One labourer was killed and six others were injured when a crane at a metro rail construction site in collapsed in Chennai, police said.
Maytas Infrastructure, majority-owned by the family of scam-hit IT firm Satyam's disgraced founder B Ramalinga Raju, is believed to have proposed bringing in Reliance Infra as a partner in the prestigious Rs 12,200-crore (Rs 122 billion) metro rail project in Hyderabad.
'Metro man' E Sreedharan, a much-admired technocrat who is credited with changing the face of public transport system in the country, will join the Bharatiya Janata Party giving a boost to the saffron party ahead of the assembly polls in Kerala.
As a fallout of the financial irregularities in Satyam Computer Services, a section of the United Progressive Alliance government is in favour of cancelling the award of the Hyderabad Metro Rail project. The project was won by the Nava Bharat-led consortium, in which Maytas Infra, a listed firm related to Satyam's promoters, is one of the partners.
MMRC Managing Director Ashwini Bhide, in a series of tweets, said the activists should accept their defeat in the court "honorably".
Commuters were hit hard for the second day on Tuesday due to Chief Minister Arvind Kejriwal's dharna in the heart of the capital with authorities shutting down four metro stations and buses being diverted.
Andhra Pradesh's Municipal Administration and Urban Development Minister Anam Ramnarayana Reddy said a meeting would be held shortly and various milestones achieved in the project ever since it was awarded to Maytas Infra would be reviewed. The concession agreement and its clauses would be reviewed at the meeting, said a senior official, adding the government was serious about the clauses and there was no question of taking a soft stance.
Heavy overnight rainfall caused widespread flooding in Kolkata, disrupting traffic, public transport, and daily life. Train and Metro services were suspended, and many areas experienced significant waterlogging.
Investigations after the arrest of Tariq Ahmed Dar, the alleged LeT terrorist who had masterminded the attacks, revealed that the group was ready to carry out another string of blasts.
