Latest news with #InfrastructureFund
The Herald Scotland
26-06-2025
- Business
- The Herald Scotland
Huge funding boost for sustainable travel routes across Glasgow
The cash boost draws on four separate funding schemes backed by the Scottish Government through Transport Scotland - the Active Travel Infrastructure Fund (ATIF), the People and Place Programme (PPP), Local Authority Direct Award (LADA) and SPT's Capital Grant Fund. Funding of £3.8m will be used to deliver four major active travel infrastructure projects – Connecting Woodside (St George's Road), Connecting Yorkhill and Kelvingrove (Phase 1), Flourishing Molendinar (Phase 1) and Dumbreck Road Active Travel Link. Work will start in the coming months to construct these new routes. Funding of £4.9m from ATIF Tier 1 will also be used on a range of smaller-scale projects that increase the appeal of active travel, including Phase 5 of the East City Way which will now advance to construction. Pedestrian crossings will be upgraded (Image: GCC) Design work to support the delivery of Connecting Greater Govan and future phases of Flourishing Molendinar and the East City Way, will also now be moved forward. High visibility cycle counters and the continued roll out of Glasgow City Council's school cycle shelters programme will now move forward, as will the delivery of upgraded traffic signals and pedestrian infrastructure at various locations across the city. PPP funding of over £1m, administered by SPT, will support a wide range of initiatives to be delivered by third sector organisations including Women on Wheels and Bike for Good. Projects include those that reduce barriers to active travel such as learn-to-ride group cycling sessions, subsidised bike access for people on low-incomes, and support for employers keen to encourage their staff to commute by bike. An SPT Capital Grant Fund award of £435,000 will encourage greater use of public transport through bus route priority upgrades, improved access to bus and Subway stations, and enhancements to the Paisley Road West bus corridor. While projects progressed through £341,958 of LADA award funding will include our Staff Travel Plan, road safety initiatives which encourage travelling actively to school, and winter gritting of cycling routes. Routes will be upgraded across the city (Image: GCC) Councillor Angus Millar, City Convener for Transport, welcomed the multiple funding awards as a vote of confidence in Glasgow's efforts to support walking, wheeling and cycling across the city. Cllr Angus Millar said: "These funding awards are really great news for active travel in Glasgow. "We want to create a roads network that encourages walking, wheeling and cycling across the city and it's great to see our vision being backed by the Scottish Government in this way. Some of these funding streams focus on construction-ready projects and I am delighted that the efforts we have made to develop designs for potential new infrastructure are being recognised. 'The funding will also enable us to invest further in organisations and activities that give people the knowledge, skills and confidence to use our growing infrastructure network, supporting them to walk, wheel and cycle more often. We'll also be delivering high-quality upgrades to pedestrian infrastructure across the city such as safer, step-free crossings, tactile paving, dropped kerbs, and wider pavements. "Major infrastructure projects such as Connecting Woodside, the East City Way and Dumbreck Road Active Travel Link will all make vital connections to other routes that make it easier to move around the city by bike. We know that as more and more safe, segregated routes begin to knit together across Glasgow, people will be more minded to choose active travel instead of having to depend on the car for local journeys.' READ MORE: I'm scared of cycling Edinburgh's city centre. Here's what happened when I did Emergency city centre road closure after sinkhole discovered 'Another significant step forward' for city centre transformation Cabinet Secretary for Transport Fiona Hyslop added: 'I'm pleased that this £10.6 million award from the Scottish Government to Glasgow City Council will help realise their ambitions for better walking, wheeling and cycling infrastructure, alongside projects which encourage more active travel. 'Through this investment we will make it easier for more people to choose sustainable transport. 'To support the continued ambitions of our local authorities – and to keep making walking, wheeling and cycling easier for shorter everyday journeys – in 2025-26 the Scottish Government will invest over £188 million in active and sustainable transport.'
Time of India
17-06-2025
- Business
- Time of India
LMC gets 144cr to boost city's infra and civic devpt projects
Lucknow: Lucknow Municipal Corporation (LMC) received a financial boost of Rs 144 crore, which will be used to carry out development work across the city. The funding was approved through two major sources — Rs 80 crore under the Infrastructure Fund and Rs 64 crore under the 15th Finance Commission. These funds will be directed toward repairing roads and drains, improving air quality, developing public spaces, managing waste, and beautifying city areas. The final approval was given at a recent meeting chaired by mayor Sushma Kharkwal at the Smart City office. Municipal officials earlier submitted detailed proposals for a range of civic infrastructure improvements, which now received the green signal. This move is expected to significantly speed up the pace of urban development and solve long-standing civic issues. Under the Infrastructure Fund, Rs 80 crore was sanctioned out of the total demand of Rs 160 crore. The remaining Rs 80 crore is expected to be sanctioned in the next phase. Key projects under this fund include cleaning and maintenance of lakes, road and drain repair, flood control infrastructure, installation of street lights, and construction of entry gates at the city's borders. For instance, Rs 10.12 crore was sanctioned for desilting and cleaning Kathauta and Bharwara lakes. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Switch to UnionBank Rewards Card UnionBank Credit Card Apply Now Undo According to Jal Kal GM Kuldeep Singh, this will greatly improve maintenance activities and the ecological health of both lakes. In view of the city's expansion, welcome gates will be constructed at seven major entry points—Sitapur Road, Rae Bareli Road, Kanpur Road, Ayodhya Road, Kursi Road, Hardoi Road, and Deva Road—at a cost of Rs 1.70 crore. The city has also been grappling with traffic congestion and waterlogging. To address this, Rs 28 crore was sanctioned for road and drain repair, including improvements at major intersections. Additionally, Rs 50 crore will be used to clean and repair seven large drains to prevent urban flooding during the rainy season. To enhance night-time visibility and public safety, Rs 25 crore was allocated for resolving street light issues in newly expanded areas and for the maintenance of existing lighting systems. Another Rs 10.5 crore was approved for constructing and repairing flood pumping stations. Other projects under the Infrastructure Fund include traffic improvement, sheds at Kanha Gaushala, construction and repair of municipal schools, a Kalyan Mandap, and new equipment for Aishbagh Jal Kal such as tractors, DG sets, and a Hydra crane. Additionally, funds were sanctioned for removing tangled electric wires and shifting transformers, while Rs 15 crore will be used to develop model vending zones to decongest footpaths and designated vendor areas. A new sports zone will also be created under the Munshi Pulia flyover with an investment of Rs 2.21 crore. The 15th Finance Commission also approved Rs 64 crore for various works. The most significant portion—Rs 36.45 crore—will be used for road repair and interlocking work. To improve air quality, Rs 1.5 crore was sanctioned to buy three anti-smog guns, while Rs 50 lakh was allotted to set up an air quality improvement cell. Two mist towers will be purchased for Rs 1 crore, and Rs 2 crore will be spent on building a construction and demolition (C&D) waste processing plant. Other works under this fund include improvements in drinking water supply (Rs 30 crore), projects under the AMRUT scheme (Rs 11 crore), and infrastructure upgrades for waste processing, such as trash skimmers, crawler excavators, and electric works at compost units. Parks, green belts, and vertical gardens have also been included in the developmental blueprint to improve the city's environmental landscape.
Scoop
29-04-2025
- Business
- Scoop
Government Exploring Northern ‘Energy Bridge'
Press Release – New Zealand Government The Ministry of Business, Innovation and Employment (MBIE) will use up to $2m from the Regional Infrastructure Fund to investigate the feasibility of upgrading Northlands electricity infrastructure to act as an energy bridge between Northland and … Hon Shane Jones Minister for Regional Development The Regional Infrastructure Fund will invest up to $2 million to investigate building additional electricity transmission and distribution capacity in Northland, which could also have benefits further afield, Regional Development Minister Shane Jones says. 'New Zealand needs significantly more electricity generation as the economy grows and demand for power increases. Northland is rich in natural renewable resources, such as wind and solar which are suitable for generating renewable energy,' Mr Jones says. The Ministry of Business, Innovation and Employment (MBIE) will use up to $2m from the Regional Infrastructure Fund to investigate the feasibility of upgrading Northland's electricity infrastructure to act as an 'energy bridge' between Northland and Auckland. MBIE will also carry out an economic analysis of the potential benefits in conjunction with local stakeholders. 'This project has the potential to unlock $1 billion of private investment in new renewable energy. If this is feasible, Northland could become a significant electricity generator and supplier of power which might have flow-on benefits for Auckland and the rest of the country,' Mr Jones says. 'This investment could increase electricity self-sufficiency in the region and improve the power generation capacity and resilience of the Northland network which will benefit local people. It could also reduce power prices for Auckland and nationally if wholesale prices can be brought down. 'More detailed work needs to be done into the feasibility of expanding Northland's power generation before further government funding can be considered but if the outcome is positive, the payoff could be massive. 'This is a long-term project and there is a lot of water to pass under the bridge yet, but if it goes ahead some new power generation could come online as components are completed, with full commissioning by 2029,' Mr Jones says. The project aligns with the Coalition Government's goals of building infrastructure and doubling renewable energy generation for New Zealand by 2035 to reduce emissions and enable economic growth.
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Business Standard
24-04-2025
- Business
- Business Standard
Motilal Oswal MF launches Infrastructure Fund: Here's all you need to know
Motilal Oswal Infrastructure Fund: Motilal Oswal Mutual Fund has launched its Motilal Oswal Infrastructure Fund, an open-ended scheme following the infrastructure theme. The scheme opened for subscription on April 23 2025 and will close on May 7, 2025. The scheme's performance is measured against the Nifty Infrastructure Total Return Index. The index is designed to reflect the market behaviour and performance of companies that represent the infrastructure sector such as power, port, air, roads, railways, shipping and other utility services providers According to the riskometer, the principal invested in the scheme will be at very high risk. The investment objective of Motilal Oswal Infrastructure Fund is to achieve long-term capital appreciation by predominantly investing in equity and equity-related instruments of companies that are engaged directly or indirectly or are expected to benefit from the growth and development of the infrastructure sector in India. However, there can be no assurance that the investment objective of the scheme will be realized, according to the Scheme Information Document (SID). Investors can invest a minimum amount of ₹500 and in multiples of ₹1 thereafter. The minimum additional investment amount will be ₹500 and in multiples of ₹1 thereafter. According to the SID, if the units are redeemed within three months from the day of allotment, an exit load of 1 per cent will be charged. However, no exit load will be charged if units are redeemed after three months from the date of allotment. Ajay Khandelwal, Bhalchandra Shinde, Rakesh Shetty and Sunil Sawant serve as the designated fund managers for the scheme. Prateek Agrawal, managing director and chief executive officer at Motilal Oswal Asset Management Company said, India's infrastructure growth is gaining momentum. Motilal Oswal Infrastructure Fund provides investors an opportunity to participate directly in this transformation across the infrastructure sector, aiming for long-term value. "As capital expenditure picks up across sectors like roads, railways, energy, urban, social and digital infrastructure, we believe this fund offers a compelling opportunity to participate in India's infrastructure development journey," he added. Motilal Oswal Infrastructure Fund: Who should invest? According to the SID, the scheme is suitable for investors who are seeking capital appreciation over the long term and investing predominantly in equity or equity-related schemes of companies that are engaged directly or indirectly or expected to benefit from the growth and development of the Infrastructure sector in India. However, there can be no assurance that the investment objective of the scheme will be realized.
Time of India
22-04-2025
- Business
- Time of India
Lucknow Municipal Corporation moots big infra upgrade with Rs400cr projects
1 2 3 Lucknow: Lucknow Municipal Corporation (LMC) is set to give the state capital an infrastructural upgrade through development projects worth over Rs 400 crore. The comprehensive proposal — which includes the construction of new roads, repair of drains, solid waste management, and enhancement of green cover to tackle air pollution — is expected to gain momentum in the coming weeks. The projects will be executed under the Infrastructure Fund, Solid Waste Management Scheme, and the Air Quality Improvement Scheme. The govt has sanctioned Rs 160 crore under the Infrastructure Fund, Rs 173 crore for waste management, and Rs 74 crore for improving air quality. Rs 100 crore will go into strengthening waste management system by construction of transfer stations for sorting and processing garbage. The road construction projects will account for Rs 134 crore. "A wide range of development initiatives are lined up to not only modernise the city's infrastructure but also tackle pollution and improve cleanliness. LMC is committed to maintaining city's aesthetic appeal and development with sustainable eco-friendly approach," said Inderjit Singh, outgoing municipal commissioner. The proposed expenditure includes Rs 60 crore for road repairs, Rs 30 crore for main road improvements, Rs 60 crore for construction and repair of drains, Rs 39.44 crore for upgrading street lighting, and Rs 23.32 crore for installing street lights in 88 villages under Marg Prakash Yojana. Additionally, Rs 19.19 crore is allocated for the construction of 28 new tube wells, Rs 26.64 crore for reboring 46 tube wells, Rs 6 crore for a new municipal corporation workshop in Hariharpur, Rs 3 crore for a flood pumping station in the zoo, and Rs 4.60 crore for a flood pumping station on the Faizullaganj drain. Rs 10.12 crore is earmarked for cleaning Kathauta Lake, Rs 2 crore for constructing water fountains at key intersections, Rs 1.7 crore for building welcome gates at city entry points, Rs 8 crore for beautification of neglected parks, Rs 6.71 crore for the development of a "Nagar Van" under the Nagar Van Yojana, Rs 16.2 crore for developing Miyawaki forests, Rs 14 crore for pollution control under the environment section, Rs 2.5 crore for procuring anti-smog guns, and Rs 50 lakh for setting up a special cell focused on air quality improvement. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Google Brain Co-Founder Andrew Ng, Recommends: Read These 5 Books And Turn Your Life Around Blinkist: Andrew Ng's Reading List Undo Efforts to enhance greenery and reduce air pollution will include large-scale plantation drives, development of green belts, and installation of smog towers under the Rs 74 crore air quality initiative. "An important meeting to finalise these plans scheduled for April 21 was postponed in view of mayor Sushma Kharkwal getting a leg injury," said an official.
