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The Reserve Bank of India has allowed holding and core investment companies to generate resources through the external commercial borrowing (ECB) route for investment in special purpose vehicles (SPVs) established exclusively for developing road infrastructure projects. As per the RBI norms, the ECB proceeds have to be invested either for fresh capital expenditure (capex) or for refinancing of existing rupee ...

Himachal Pradesh will get funding from the World Bank for the second phase of its road projects. The Bank has however outlined conditions for the funding. These include setting up of an independent agency to oversee the projects and their implementation within a fixed time frame. It has proposed giving functional autonomy to the Himachal Pradesh Road and Infrastructure Development ...

Kochi Metro has secured complete funding for the ?5,200cr project. The Metro, which is expected to be commissioned by 2017, will get a ?1,170cr loan from Canara Bank while Agence Fran?aise de D?veloppement (AFD) – a French government-supported financial aid agency that supports infrastructure projects in developing countries ? has pledged ?1,525cr.? ?1,000cr will be given by the Japan International ...

Boston in the US has installed two new traffic management systems – Smart Parking Sensors and Time to Destination Signs ? in Innovation District to better manage traffic. The smart parking sensors inform drivers about the available parking spaces on the street while Time-to-Destination Signs guide them to the quickest route to take out of the Innovation District to the ...

Hamburg, Germany, is currently working on a plan that would eliminate the need for cars within the next 15-20 years, making the city a greener, healthier and more pleasant place to live. The city?s proposed Gr?nes Netz or ?Green Network? will create pedestrian and cycle paths to connect the city?s existing, substantial green spaces, and provide safe, car-free commuter routes ...

German carmaker BMW has joined hands with INRIX to introduce the industry?s first in-car intermodal navigation system in the former?s i3 and i8 electric vehicles. The navigation system will integrate local public transport connections into journey planning. It monitors real-time traffic conditions and alerts drivers to faster alternative modes of transportation when major delays occur along local routes. When operated ...

The third edition of TrafficInfraTech Expo, held at the NSCI Exhibition Complex in New Delhi from November 21-23 attracted quality visitors such as system integrators, national highway concessionaires, road infrastructure companies, traffic consultants & firms, OEM suppliers, architects and companies looking for joint ventures & partners. This, and the presence of decision makers from the Ministry of Road Transport & ...

Rajdeep Infotechno Pvt Ltd, Pune-based provider of toll management services and bulk inventory management, won the award for best exhibitor?s stall at TrafficInfraTech Expo 2013.

The third edition of TrafficInfraTech Expo, India?s premiere integrated, international 3-day Show on traffic opened to a grand welcome at the NSCI Exhibition Complex in New Delhi on Nov 21. The Show was inaugurated by Sudhir Krishna, Secretary, Union Ministry of Urban Development while D. Deepti Vilasa, Vice-Chairman, Delhi Development Authority, S. Gangopadhyay, Director, Central Road Research Institute and Munir ...

Oscar Fernandes, Union Minister for Road Transport and Highways visited the ongoing TrafficInfraTech Expo 2013 on day two and had an extensive tour of the various exhibitors? stalls at the show. His presence added vibrancy and excitement among the exhibitors and visitors alike as he interacted with everyone. The Minister was impressed with the new technologies on display at the ...