Ecotourism Development Corporation of Uttarakhand (EDCUL) has awarded a Rs20bn ($310m) contract to National Buildings Construction Corporation (NBCC), a state-owned project management consultancy firm.

The contractual scope includes construction of an eco-tourism circuit along Kotdwar-Ramnagar Kandi Road. The 50km-long four-lane highway will include both elevated and straight roads to enable the safe movement of wildlife.

The project is expected to reduce the distance between Dehradun and major locations, including Kalagarh, Kotdwar and Ramnagar.

The project will be built under the green infrastructure model.

“Concessionaria ViaRio has secured R$190.5m ($58.4m) through an offering of notes.”

Magna has partnered with US-based ride share firm Lyft for the joint development of self-driving systems.

An automotive manufacturing company based in Canada, Magna intends to invest $200m to acquire an equity interest in Lyft.

The self-driving systems will be developed by Lyft at its self-driving engineering centre based in Palo Alto, while the manufacturing works will be overseen by Magna.

The vehicles will be deployed on the ride-share network of Lyft, while the technology will be leveraged by Magna for developing new-age automobiles.

Concessionaria ViaRio has secured R$190.5m ($58.4m) through an offering of notes.

Based in Brazil, Concessionaria ViaRio offers transport network management, maintenance and construction services.

The African Development Bank (AfDB) has agreed to support the Government of Rwanda to develop the 208km-long Kagitumba-Kayonza-Rusumo road.

The project includes widening of the roads and associated rehabilitation works.

Construction costs for a Rwandan section of the road will be approximately $183.39m. Of this, $93.1m is being funded by AfDB.

The project also involves the development of a 23km-long section in Uganda.

The Government of Rwanda intends to enhance the safety and efficiency of transportation services in the country through the proposed project.