Chennai Metro Rail (CMRL) is planning to develop commercial properties around its Phase-2 stations in eight locations to generate revenue and integrate transportation with urban development. The project will involve building shopping complexes, office spaces, and pedestrian subways, with some properties being developed jointly with the Metropolitan Transport Corporation (MTC).
Algeria has become the latest member of the BRICS New Development Bank (NDB), a multilateral development bank established by Brazil, Russia, India, China, and South Africa. The bank aims to fund infrastructure and sustainable development projects in BRICS countries and other emerging economies.
India’s tourism sector is on the rise, driven by a combination of its rich cultural heritage, improving infrastructure, and increased global interest. Experts at the ET World Leaders Forum discussed strategies to further enhance India’s position as a top global destination, emphasizing the role of connectivity, infrastructure, and unique experiences in attracting international travelers.
Prominent investor Ashish Kacholia missed his flight from Bengaluru to Mumbai due to inaccurate travel time estimates from Google Maps, highlighting the city’s notorious traffic challenges. The incident sparked online discussions about Bengaluru’s infrastructure and the reliability of navigation apps.
The first phase of the Delhi-Dehradun Expressway, spanning 32 kilometers with 19 kilometers of elevated roadway, is set to open in November. This new segment aims to ease congestion between Delhi and Uttar Pradesh, offering smooth travel and access points for local and long-distance journeys.
To accommodate the anticipated surge in travel demand during Ganesh Chaturthi, Indian Railways will operate 342 special trains. This decision comes after a significant increase in travel from Mumbai to the Konkan region during the festival. The announcement coincided with the launch of a new bi-weekly train service connecting Mumbai to Goa, highlighting ongoing infrastructure upgrades in Mumbai’s suburban rail network.
American Electric Power (AEP) is making significant investments to upgrade infrastructure and increase its renewable energy portfolio, aiming for long-term earnings growth. However, rising interest rates and a substantial debt burden pose challenges to the company’s financial stability.
India’s tourism sector is set for significant growth with a $777 million investment in railway infrastructure. The government aims to improve connectivity, enhance travel efficiency, and create new opportunities for exploration and adventure. This investment will benefit the tourism sector by attracting more visitors, creating jobs, and stimulating local economies.
Public Service Enterprise Group (PSEG) is making significant strides in the clean energy sector through its investments in renewable generation and infrastructure upgrades. However, financial burdens from remediation costs and a weak solvency position pose challenges for the company.
Minister of Transport Pablo Rodriguez announced several key appointments and reappointments across various organizations within Canada’s transportation sector. These moves aim to ensure safety, efficiency, and growth in the industry, impacting businesses, passengers, and tourists nationwide.
