Latest news with #Line4
Hindustan Times
4 days ago
- General
- Hindustan Times
Green zone in Thane may be deleted for Metro 4 car depot
MUMBAI: The state urban development department (UDD) plans to delete a green zone at Mogharpada in Thane, and change its use, to clear the way for a metro car shed to be built for Line 4. The 32-km-long metro corridor, one of the longest metro lines in Mumbai, will connect Wadala in Mumbai with Kasarvadavli in Thane. An elevated corridor with 32 stations, it is 80% complete. A notification issued on March 20 proposes to change the use of the 176-hectare (435 acres) plot from a green zone, which prohibits construction, to a metro car depot. Surplus land will be used by the Mumbai Metropolitan Development Authority (MMRDA) for residential/commercial purposes. The UDD has sought the mandatory suggestions and objections from the public, after which a final notification will be issued. Located near the Sanjay Gandhi National Park (SGNP) and the arterial Ghodbunder Road in Thane, the land in question is owned by the state but has traditionally been used for cultivation by 167 lessees. The government is still working on a compensation package that is amenable to the lessees. The car shed in question was to be built in Owale in Thane but was shifted to Mogharpada in the wake of the massive protests that erupted when the Metro 3 yard was built in the Aarey forest a few years ago. Since a large number of trees would have had to be axed in Owale, and only a few in Mogharpada, the site was moved. Work on Metro 4 began without a car depot site. The line was to be operational in 2024 but the new deadline is 2026. Line 4 will provide interconnectivity with the Eastern Express Highway, Central Railway, Mono Rail, ongoing Metro Line 2B (D N Nagar to Mandale), and the proposed Line 5 (Thane to Kalyan), Line 6 (Swami Samarth Nagar to Vikhroli) and Line 8 (Wadala to General Post Office). In the north, Metro 4 will be extended from Kasarvadavli to Gaimukh and will be called Line 4A. In the south, it will be extended from Wadala to General Post Office in South Mumbai, and will be called Metro 11. The Mogharpada car shed will service all these metro lines.
Toronto Sun
23-05-2025
- Business
- Toronto Sun
Lansing Square development boldly steps forward
When complete, Lansing Square will consist of approximately 2,800 units — including 160 affordable rentals — across six residential towers, plus 400,000 sq. ft. of commercial and 50,000 sq. ft. of retail space. Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. Location of business park assures condo's future This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account It's precisely because developers are wary of launching new projects in the Greater Toronto Area's soft housing market that it's very instructive when one does. Lansing Square (LSQ) by Almadev is one such development, because the 15-acre master-planned community has major implications for the future of the North York neighbourhood. Parkway Place is the adjacent business park containing what's believed to be the largest concentration of offices outside downtown Toronto. Coupled with the examination of extending TTC subway Line 4 along Sheppard Ave., LSQ's April 8 groundbreaking couldn't have been more timely. It's anticipated LSQ will comprise approximately 2,800 units — including 160 affordable rentals — across six residential towers after a rezoning application goes through, and 400,000 sq. ft. of commercial space when it's completed in seven years. There will be an additional 50,000 sq. ft. of retail space surrounding a 1.2-acre park. Your noon-hour look at what's happening in Toronto and beyond. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. Rafael Lazer, CEO of Almadev, says the mixed-use community is designed with conveniences, like working close to home, in mind. 'As a developer, I'm looking to enhance and revitalize the area and try to get more and more density in there,' says Lazer.. 'The affordability crisis has lots of contributing factors, but maybe the biggest one is the lack of supply.' Developers' recent project delays because of economic headwinds will have consequences, Lazer added. 'Looking at the charts of expected completions in 2027 to 2028, we're falling off a cliff because there's almost no supply being built in the city.' That's why Almadev believes it will be permitted to substantially increase LSQ's density from 1,600, the CEO noted. Moreover, Almadev has long incorporated affordable rental units into its communities, which Lazer says broadens its communities' appeal. This advertisement has not loaded yet, but your article continues below. But, because the GTA's market has plunged to its nadir, Almadev leveraged its relationship with the broker community to create interest, most notably through incentive packages for different buyer cohorts, including investors. 'No matter what the rent is going to be, we're giving an extra three bucks a square foot for the first two years, which tend to be the toughest years,' Lazer said. 'Depending on unit layout, a purchaser can receive up to $6,500 in rental income a month for two years. 'For end users, we've adjusted our purchase price by the equivalent of the cash flow guarantee incentive so they pay the best price on that unit. In both cases, the purchaser has peace of mind by receiving two years' worth of free maintenance fees.' This advertisement has not loaded yet, but your article continues below. However, LSQ could ultimately prove a lynchpin for the neighbourhood at large, as it continues developing over the decades ahead. Joseph Guzzi, president of the Parkway Centre Business Association, welcomes LSQ because of its potential as a high-density development to augment connectivity and turn the area 'into a complete community.' 'It will help diversify the offerings for our employees who work in the area,' he said. The neighbourhood already has building blocks that, combined with LSQ, can turn it into major employment lands. And that could bolster the case for ameliorating its transit connectivity to the rest of the city. 'The other reason we want more density near our business park is it helps justify extending the subway line, which currently terminates at Don Mills,' Guzzi said. 'The business park would be well served if that subway eventually gets extended to the edge of our business park.' Toronto Maple Leafs Sunshine Girls Toronto & GTA Celebrity Sunshine Girls
CairoScene
17-03-2025
- Business
- CairoScene
EGP 3 Billion Secured for Egypt's Public Transport Expansion
Emirates NBD's funding will support key metro and monorail projects under the National Authority for Tunnels. Mar 17, 2025 Egypt's public transport infrastructure is set for further development following a new EGP 3 billion financing agreement between Emirates NBD Egypt and the National Authority for Tunnels (NAT). The funding will support ongoing and future projects aimed at expanding and modernising Egypt's metro and monorail networks. The agreement was signed by Tamer Ragheb, Head of Corporate and Institutional Banking at Emirates NBD Egypt, and Tarek Hamed Goueili, Chairman of NAT. This initiative aligns with Egypt's broader push to enhance sustainable urban mobility, particularly through metro expansions and high-speed monorail projects that connect Greater Cairo to New Administrative Capital and 6th of October City. Emirates NBD Egypt stated that the investment reflects its commitment to financing strategic sectors that drive economic growth, with public transportation playing a key role in easing congestion, reducing emissions, and improving daily commutes for millions. Egypt's public transport sector has seen major developments in recent years, with projects such as the Cairo Metro's Line 4 extension and the monorail system being among the most significant.
