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Mumbai tunnel project: L&T, J Kumar Infraprojects JV submit bids
Larsen & Toubro and J Kumar Infraprojects – NCC JV are the only 2 bidders for the 4.46 km Orange Gate – Marine Drive tunnel project’s construction in Mumbai.
Alignment of Marine Drive – Orange Gate
tunnel in yellow – via MMRDA’s tender document
The Orange Gate – Marine Drive tunnel is a proposed road tunnel in Mumbai, India. The tunnel will connect the Eastern Freeway and Marine Drive, and is expected to reduce travel time between the two points by 10 minutes. The tunnel will be 3.8 kilometers long and will have two lanes in each direction. It will be built under 30 meters below the Grant Road and Girgaum stations of Metro 3.
The tunnel is being developed by the Mumbai Metropolitan Region Development Authority (MMRDA) and is expected to cost ₹6,500 crores (US$850 million). Construction is expected to begin in 2023 and be completed in 2027.
Project profile south-west of Eastern Freeway – via MMRDA’s tender docs
The tunnel is one of several projects that are being undertaken by the MMRDA to improve traffic congestion in Mumbai. Other projects include the Mumbai Coastal Road, the Santa Cruz – Chembur Link Road, and the Bandra – Worli Sea Link.
The Orange Gate – Marine Drive tunnel is expected to be a major relief for motorists in Mumbai. It will provide a direct link between two important traffic arteries, and will help to reduce congestion on the roads that currently connect the two points. The tunnel is also expected to boost economic activity in the city, as it will make it easier for people to travel between the two areas.
Real Estate Booms in Emerging Cities
India's rapid infrastructure expansion is unlocking real estate potential in 30 emerging cities, with land prices projected to grow up to 5.2 times by 2035, according to a report by Colliers. The transformation is driven by the development of key expressways, positioning cities like Nagpur, Jaipur, and Lucknow as rising investment hubs. Nagpur tops the list of emerging cities, bolstered by the 701-km Samruddhi Mahamarg Expressway, which has significantly enhanced connectivity and growth prospects. Jaipur and Lucknow follow closely, with burgeoning micro-markets such as Ajmer Road and Raebarel..
Smart Lockers Debut on Delhi-Meerut RRTS
The National Capital Region Transport Corporation (NCRTC) has launched smart lockers at Sahibabad and Ghaziabad stations along the Regional Rapid Transit System (RRTS) corridor, providing passengers with secure storage for luggage and e-commerce parcels. The initiative will be extended across all stations on the corridor in the future. The RRTS, a high-speed rail project spanning 82 kilometers, connects Delhi, Ghaziabad, and Meerut, offering faster and more convenient commutes. Currently, trains operate on a 55-kilometer stretch, covering two stations in Delhi, eight in Ghaziabad, and one in ..
JK Tyre Secures $100M Sustainability-Linked Loan
India’s tyre industry has achieved a significant milestone as JK Tyre secured a $100 million Sustainability-Linked Loan (SLL) from the International Finance Corporation (IFC). The first deal of its kind in the sector will drive the company’s growth plans and strengthen its sustainability initiatives. Boosting Production Capacity The loan allocates $30 million to JK Tyre & Industries Ltd and $70 million to its subsidiary, Cavendish Industries Ltd (CIL). The funds will enhance production at JK Tyre’s Banmore plant in Madhya Pradesh, focusing on Passenger Car Radial (PCR) tyres, and CILâ€..
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