Construction Industry News
Prime Minister Narendra Modi last week dedicated to the nation the Rs 29.17 billion U-field onshore deep-water block project of the Oil and Natural Gas Corporation (ONGC) in Andhra Pradesh. It is the deepest gas discovery, with production potential of approximately 3 million metric standard cubic meters per day (MMSCMD).
On the second day of his two-day tour of the state, the Prime Minister launched a total of nine projects worth Rs 152.33 billion in virtual mode from Andhra University Engineering College grounds and unveiled a plaque. Andhra Pradesh Chief Minister YS Jagan Mohan Reddy, Union Railways and IT Minister Ashwini Vaishnaw, state ministers, MPs and lawmakers attended the event.
Modi dedicated the 39km Narasannapeta to Pathapatnam section of NH-326A, built for Rs 2.11 billion as part of the Srikakulam-Gajapati Corridor. The project would provide a better connection to the backward areas of AP and Odisha. Modi laid the foundation stone for the AP section of the six-lane 100km access-controlled greenfield Raipur-Visakhapatnam Economic Corridor of NH-130CD which will be constructed at a cost of Rs 37.78 billion.
The project is expected to be completed by October 2024, with provision for expansion to 10 lanes in the future.
Among other projects, Modi laid the foundation stone for a dedicated harbor road from Convent Junction to Sheela Nagar Junction in Visakhapatnam, a Rs 5.66 billion project.
