Realty major DLF plans to launch new projects worth ₹3,500 crore during the second half of this fiscal, mainly in Gurugram and Panchkula owing to rising demands.

DLF stated that they plans to launch residential projects across Gurugram and Panchkula by March 2023 after getting requisite approvals from authorities. The company plans to launch around 3 million sq. ft. area across residential projects.

Century-Old Connecticut River Bridge Set for $500 Mn Replacement

The oldest rolling lift bascule bridge between New Haven, Conn. and Boston on the north end of Amtrak’s Northeast Corridor “fails to open and close properly, which has led to cascading delays to rail and maritime traffic,” says Jason Abrams, Amtrak spokesperson. “Due to its age and deteriorated condition, the operational reliability of the existing bridge is at high risk.”

The replacement project will involve building a two-track, electrified and resilient movable bridge structure equipped with new track, signal, catenary, power, communication, controls and security features. The new bridge structure is expected to have a design life of 100 years.

The bridge replacement will allow for better reliability and decreased delays for travelers due to trains traveling on more modern infrastructure. Amtrak anticipates beginning procuring a contractor in early 2023

COP27: UAE and Egypt Join Hands to Build One of World’s
Biggest Wind Farms

The presidents of the United Arab Emirates (UAE) and Egypt witnessed the signing of an agreement recently to develop one of the world’s largest onshore wind projects in Egypt, as per an official statement on the Gulf nation’s state news agency. The MoU was signed between the UAE’s renewable energy firm, Masdar and its joint venture with Egypt’s main renewable energy developer, Infinity and Hassan Allam Utilities.

Masdar, invested in a portfolio of renewable energy assets with a combined value of more than $20 billion and a total capacity of more than 15 GW, said the new project would be its biggest yet. “With this agreement to develop our largest ever project, Masdar is proud to bolster our contribution to Egypt’s renewable energy goals,” Masdar’s CEO Mohamed Jameel al-Ramahi was quoted as saying.

When completed, the wind farm would be part of Egypt’s Green Corridor initiative, a grid dedicated to renewable energy projects that is aimed at ensuring renewable energy makes up 42% of the country’s energy mix by 2035.The wind project would save Egypt an estimated $5 billion in annual natural gas costs, the statement said.

“The project will enable the country to save vast amounts of natural gas; thereby attaining economic growth, reduce carbon emissions and provide greater access to sustainable energy sources,” Mohamed Mansour, the chairman of Infinity Power, the Masdar and Infinity joint venture, said in the statement.