Prime Minister Narendra Modi is set to inaugurate the highly anticipated second phase of the Ahmedabad-Gandhinagar Metro rail extension on September 16th, significantly enhancing connectivity between the two cities. The project, a collaborative effort between the Gujarat Metro Rail Corporation, the state government, and the Centre, will extend the metro network to key locations in both cities.
The OPEC Fund for International Development (OPEC Fund) has approved nearly US$1.2 billion in new funding since June, demonstrating its commitment to transformative development. These investments support various projects aimed at boosting infrastructure, enhancing climate resilience, and promoting economic growth in partner countries.
Maharashtra Chief Minister Eknath Shinde inaugurated a new ‘bow-string’ arch bridge connecting the Coastal Road to the Bandra-Worli Sea Link, significantly reducing travel time and improving connectivity in Mumbai. The bridge, part of the ambitious Coastal Road project, promises a more efficient and enjoyable commuting experience for residents.
The Indian Cabinet has approved projects worth ₹1 trillion to boost rural infrastructure, promote e-mobility, strengthen the power sector, and expand health coverage. These initiatives aim to improve the lives of rural citizens and accelerate India’s development journey.
Hybar LLC, a company focused on building a technologically advanced and environmentally sustainable scrap metal recycling steel rebar mill in Arkansas, has received a strategic equity investment from Quanta Services, Inc. This investment adds to Hybar’s existing investor group, which includes TPG Rise Climate, Koch Minerals & Trading, and Global Principal Partners. The partnership signifies Quanta Services’ commitment to supporting sustainable infrastructure projects and Hybar’s mission to produce the most environmentally friendly steel rebar in North America.
PortMiami has received a $19.5 million grant from the Resilient Florida Program to construct an elevated bulkhead system at Berth 10, protecting the port from rising sea levels and storm surges. The project aims to ensure the port’s continued operation and economic viability in the face of climate change.
Alstom, a global leader in sustainable mobility solutions, has appointed Suely Sola as the new Managing Director of Alstom Brazil. This appointment signifies a significant leadership transition for the company in the region, marking Sola’s rise from Project Manager to leading the entire Brazilian operations. Sola’s extensive experience in the mobility sector, coupled with her impactful leadership in Signaling & Infrastructure for Latin America, positions her to drive Alstom’s growth and commitment to sustainable mobility in Brazil.
Woolpert has been chosen to provide on-call consulting services for Terre Haute Regional Airport, aiming to enhance infrastructure and amenities while preparing for future expansion. The five-year contract covers a range of architectural, engineering, and construction services, supporting the airport’s role as a vital economic hub for the region.
Despite surging electric vehicle (EV) sales, Stephanie Link, chief investment strategist at Hightower Advisors, warns that the limited charging infrastructure and aging power grid could hinder further expansion. She highlights the urgent need for modernization and investment in the U.S. power grid to support the growing EV market.
The Toronto and Area Road Builders Association (TARBA), the Greater Toronto Sewer and Watermain Contractors Association (GTSWCA), and the Heavy Construction Association of Toronto (HCAT) are calling on the City of Toronto to improve procurement practices to accelerate project timelines, mitigate traffic congestion, and reduce overall costs. The groups highlight the need for early tendering, project acceleration incentives, empowered project managers, better coordination, and a culture of innovation.
