The Central government has decided to constitute the National High Speed Rail Corporation (NHSRC) to focus on execution of the bullet train project, including tendering, pre-feasibility study and awarding contracts. According to Railway officials, among the eight upcoming high speed rail corridors, the one between Mumbai-Ahmedabad will be taken up on priority. The 492-km-long Mumbai-Ahmedabad rail route will see its ...
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New Loan from ADB
The Asian Development Bank (ADB) has approved a new $800m loan as part of a $1.2bn programme to help to improve safety and connectivity on India’s roads. The funding aims to connect villages in Assam, Chhattisgarh, Madhya Pradesh, Orissa, and West Bengal states with all-weather roads by the end of 2017. ADB will set up six rural road network management ...