The Ministry of Railways has cleared an INR 9.93 billion capacity expansion project to double the 68-kilometer Arakkonam-Chengalpattu rail link. The initiative targets severe freight and passenger bottlenecks across Tamil Nadu's industrial heartland.
State-owned Indian Railway Finance Corporation has formalized an agreement to provide a term loan of INR 135.27 billion to refinance the debt obligations of L&T Metro Rail (Hyderabad) Limited, signaling a strategic entry into urban transit.
3 days ago • India
The Bangalore Metro Rail Corporation Limited has submitted a detailed project report outlining a 60-kilometer network expansion to Tumakuru. The plan projects a daily ridership of 300,000 passengers and offers two distinct funding models.
3 days ago • India
Rail Vikas Nigam Ltd has secured two distinct rail infrastructure contracts collectively valued at approximately 10 billion INR. The domestic orders include a 7.5807 billion INR bulk-freight logistics project for NMDC and a 2.4432 billion INR traction power upgradation for West Central Railway.
3 days ago • India
The Cabinet Committee on Economic Affairs has authorized a 206.67 billion INR double-line railway project linking Ahmedabad to the Dholera Special Investment Region. Utilizing indigenous technology, the 134-kilometer corridor marks India's first domestic semi high-speed rail initiative designed to integrate regional logistics and industrial hubs.
3 days ago • India
India's Railway Minister Ashwini Vaishnaw has sanctioned three critical infrastructure initiatives in West Bengal, including track doubling and advanced project surveys. Backed by a 142.05 billion INR federal budget allocation, the developments aim to streamline commercial freight and passenger movement across East India.
3 days ago • India
Siemens Mobility has reached an agreement to acquire the primary signaling, electrification, and diagnostics divisions of Italy’s MERMEC Group. The deal, involving businesses with approximately 430 million EUR in revenue, is designed to integrate advanced diagnostic vehicle technology into Siemens' global rail infrastructure portfolio.
3 days ago • Germany;Italy
Uganda is in advanced stages of issuing its first sovereign sukuk to cover 15% of a $3.17 billion Standard Gauge Railway project, with 60% expected from export credit agencies and 25% from development finance institutions.
3 days ago • Uganda
Prime Minister Narendra Modi has inaugurated and initiated a massive 94,000 million INR development package in Telangana. The investments target industrial smart cities, textile manufacturing, and large-scale railway and highway upgrades to solidify the state's role as a primary manufacturing and logistics hub in Southern India.
3 days ago • India
Skanska has been awarded a $1.06 billion design-build contract by the Massachusetts Bay Transportation Authority to replace the North Station Draw One Bridge in Boston. The project includes track and signal upgrades, a new control facility, and expansion from four to six tracks, with completion expected in Fall 2032.
3 days ago • United States
A joint venture led by Ceigall India Limited has been awarded an INR 9.18 billion contract to develop a portion of the Jaipur Metro Phase-II. The 34-month project includes constructing 10.8 kilometers of elevated viaducts and ten stations, significantly expanding the city's transit infrastructure and Ceigall’s domestic order book.
3 days ago • India
The EBRD will invest up to $125 million in a KTZ Eurobond of up to $1 billion, listed on three exchanges, to upgrade passenger stations and Trans-Caspian Corridor infrastructure, improving regional connectivity and operational efficiency.
3 days ago • Kazakhstan
The World Bank has approved $200 million in financing for Madagascar's Multimodal Transport and Logistics Project, targeting railway, port, inland waterway, and airport infrastructure. The project includes rehabilitation of the Tananarive–Côte Est railway, ports of Majunga and Tulear, 200 km of the Pangalanes Canal, and regional airports, benefiting an estimated 3.8 million people.
3 days ago • Madagascar
The Gateway Development Commission has awarded a $1.29 billion contract to a Traylor/Walsh/Skanska joint venture for the Hudson River Tunnel's primary underwater section. This milestone completes the procurement for all heavy civil boring work, marking a critical phase in the most urgent infrastructure project in the United States.
3 days ago • United States
Texmaco Rail & Engineering has been awarded a two-year contract by South Western Railway to manage Overhead Equipment and Power Supply Installation maintenance. This agreement marks a strategic outsourcing move by the railway authority to ensure the operational reliability of electrified rail corridors in India.
3 days ago • IndiaIsrael-based defense electronics company Elbit Systems has clinched a $350 million international contract to upgrade main battle tanks over a four-year period, integrating advanced situational awareness, AI-driven targeting, and modern communication suites.
UPS is investing nearly $50 million in specialized automotive and industrial network enhancements. The expansion introduces time-definite heavy air freight services between the U.S. and Mexico, streamlining cross-border production cycles and integrating brokerage and warehousing into a single-carrier solution.
Ohmium International and InSolare Energy have partnered to deploy a 4 MW green hydrogen facility for NLC India Limited. Utilizing advanced Proton Exchange Membrane technology, the plant in Neyveli aims to produce 700 metric tons of hydrogen annually for industrial and mobility applications.
Diversified industrial major Rashmi Group has announced a massive 35,000 million INR investment to scale its steel, power, and mining operations in West Bengal. The plan includes adding 7 million tonnes of annual steel capacity and operationalizing newly acquired coal blocks across several districts.