The highly anticipated new terminal at Velana International Airport (VIA) in the Maldives is set to open next year, significantly enhancing the country’s tourism infrastructure. This development is expected to drive growth in the sector by increasing capacity, improving passenger experience, and supporting longer stays at resorts.
TK Elevator, a global leader in vertical transportation, has secured a multi-year contract with Dubai Airports to maintain nearly 5,000 elevators, escalators, and related equipment at Dubai International Airport. This reinforces TK Elevator’s commitment to the Middle East market and its expertise in providing comprehensive maintenance solutions for mobility systems.
Tuticorin Airport in Tamil Nadu is undergoing a significant upgrade, with a INR 381 crore investment to enhance its infrastructure and operational capacity. The project includes a new terminal, extended runway, and modern amenities, positioning the airport to become a regional aviation hub and contribute to the region’s economic growth.
Mumbai’s highly anticipated underground Metro Line-3, set to launch by September-end, promises to revolutionize the city’s transit system. Spanning 33.5 kilometers, the line will connect key business, financial, and entertainment districts, offering seamless integration with other transport systems and easing congestion on the city’s suburban railway network.
Egypt’s railway system, a vital part of its transportation network and a key element in its tourism sector, is facing a critical challenge. Years of underinvestment and neglect have led to a fragile infrastructure, frequent accidents, and a growing safety concern. This has the potential to significantly impact the country’s tourism industry, a major contributor to its economy, and could deter visitors from choosing Egypt as their travel destination. The government has recognized the severity of the situation and has embarked on a major modernization effort, but challenges remain. The future of Egypt’s tourism sector, and its overall economic prosperity, hinges on a successful and rapid improvement in its railway system.
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.
