Bengaluru is facing severe flooding and waterlogging due to incessant rainfall in the past few days. Residents are expressing their frustration over the city’s inadequate infrastructure, particularly the poor road conditions and drainage systems. The situation has caused major disruptions to daily life, with traffic snarled and flights delayed at Kempegowda International Airport. The IMD predicts continued rainfall in the city until October 25.
The global truck cranes market is projected to reach US$ 14.9 billion by 2033, driven by rapid industrialization, infrastructure development, and the construction sector’s demand for time-saving, cost-effective equipment. Key players are focusing on innovation, sustainability, and meeting modern emission standards. This report provides insights on market trends, growth drivers, key players, and future prospects.
Prime Minister Narendra Modi laid the foundation stone for 23 development projects valued at ₹6,700 crore in his parliamentary constituency, Varanasi, on Sunday, October 20. These projects cover a wide range of sectors, aiming to improve infrastructure and provide better services to the people of Varanasi. PM Modi also inaugurated the RJ Sankara eye hospital, highlighting its significance in providing quality eye care to the local community.
President Biden’s upcoming trip to Angola marks a significant shift in U.S. foreign policy in Africa. The visit focuses on bolstering infrastructure development and securing critical minerals for the green energy transition, while also aiming to counter China’s growing influence on the continent. The trip is set to revolve around the strategic Lobito Corridor project, a key infrastructure link for exporting copper and cobalt, essential components for electric vehicles and renewable energy. This visit is particularly crucial as Angola seeks to diversify its economic partnerships and reduce dependence on Chinese loans.
Rural Development Partners (RDP) has awarded $15 million in New Markets Tax Credit (NMTC) financing to Electric Research Manufacturing Cooperative, Inc. (ERMCO) for expanding their Dyersburg, Tennessee facilities. This investment will create an estimated 400 jobs, increase production capacity, and establish a workforce development center to support the growing demand for critical infrastructure components essential for clean energy transition and grid resilience.
Egypt is undergoing a major transformation in its railway system, aiming to double passenger capacity by 2030 and significantly boost freight transport. This ambitious plan includes expanding the train fleet, extending lines, constructing new stations, and implementing advanced signaling systems, all aimed at creating a modern, efficient, and safe railway network.
Crown Castle Inc. (CCI) has announced solid operating and financial performance for the third quarter of 2024, reaffirming its full year outlook for Adjusted EBITDA and AFFO. Despite a reduction in net income due to restructuring charges and asset write-down, the company remains optimistic about long-term value creation opportunities in its tower, small cell, and fiber solutions offerings.
Bengaluru is facing severe flooding after heavy rainfall, with residents of Kendriya Vihar Apartment in Yelahanka being rescued by tractors due to waterlogging. The city’s infrastructure struggles to cope with the deluge, leaving many areas inundated and raising concerns about the lack of permanent solutions to the recurring problem.
Uganda has entered into a landmark agreement with a Turkish company to construct a 272-kilometer railway, set to revolutionize transportation infrastructure in the country. This project promises faster and more efficient cargo movement, strengthening Uganda’s role as a regional trade hub and contributing to economic growth within East Africa.
Bahrain is poised to invest $10 billion in a new greenfield airport, located on a reclaimed island, to meet growing demand and secure its position as a key aviation hub in the Middle East. This ambitious project aims to expand air connectivity to 100 global destinations and contribute to the nation’s Vision 2030 economic diversification goals.
