In a letter issued to NHAI, the ministry of road transport and highways said that “commercial and private establishments shall be closed down for a period of 21 days with effect from March 25 for containment of Covid-19 epidemic in the country,” further asking the authority to therefore comply with the orders.
The daily pace of construction of highways has taken a hit in FY20. The year may end with a figure of around 26 km per day, a considerable dip from FY19’s record — 29 km per day.
The national highways building authority has extended the fourth round of auction to monetise operational highways to April, as investors adopt a wait-and-watch mode before deciding on long-term investments.
Since the passage of the amended Motor Vehicles Act five months ago, the cases of road accidents have reduced by ten percent in India as informed by Transport Minister Nitin Gadkari. "We have been able to save 10,000 lives," he said, adding that Tamil Nadu has done some good work in this regard.
Prime Minister Narendra Modi on Saturday laid the foundation stone of the 296-km-long Bundelkhand Expressway that will pass through Uttar Pradesh's Chitrakoot, Banda, Hamirpur and Jalaun districts. It will link the Bundelkhand region, considered to be one of the most backward areas of the country, to national capital Delhi.
Road users can visit any authorised point-of-sale location with a valid registration certificate (RC) of the vehicle and get an NHAI FASTag free of cost. NHAI FASTags can be purchased from all national highway fee plazas, regional transport offices, common service centres, transport hubs, and petrol pumps, among others, it added.
IRB will upfront pay Rs 6,500 crore and then a staggered payment of Rs 850 crore in the second year, Rs 850 crores in third year, Rs 62 crores in fourth year, aggregating to Rs 8,262 crores for the concession period of 10 years and 2 months. The company will take possession of the project from March 1 and start tolling.
It seems to be a win-win situation for humans and animals. Both have welcomed new elevated stretches of highways on the Seoni (Madhya Pradesh)-Nagpur (Maharashtra) sector of the national highway 44 passing through the Pench Tiger Reserve.
The report titled "Delivering Road Safety in India" was released at the 'Third Global Ministerial Conference on Road Safety' in Stockholm. It points to the high death rate on India's roads caused by chronic lack of investment in systemic, targeted, and sustained road safety programmes and identifies relevant investment priorities to reverse the trend.
The National Highways Authority of India (NHAI) is planning to augment its toll revenue by monetising a part of land parcels it acquired saalong its flagship Delhi-Mumbai expressway to begin with.
The finance ministry’s decision to treat highway projects as a single entity that cannot be divided into small packages could impact award of about 1,000 km of key infrastructure projects, including the Delhi-Mumbai and Ahmedabad-Dholera Expressways.
Singapore-based infrastructure investment platform Cube Highways has won the bid to acquire Chenani-Nashri project in Jammu & Kashmir, India's longest road tunnel. The tunnel project has a debt of around Rs 5,454 crore and a sale of the asset will help bring down the overall debt position of the company.
The minister said the government is ready to provide policy support to serious investors and also appealed them to come forward in the field of alternative fuel including bio-CNG and electric vehicle. The entire Delhi Mumbai Express Highway will be completed in the next three years, the minister said, adding that land acquisition for the project has been completed.
A vehicle scrappage policy is expected to put a cap on the life of vehicles in terms of years of kilometres run. If old vehicles go out of the system, it will help reduce pollution as well as help induce demand for new vehicles, say industry stakeholders.
"Within a month, a new transport policy will be declared. We will promote new innovations and research and there will be provisions for financial support to players who want to bring new technology and innovation," Gadkari said at International Conference and Exhibition on Public Transport Innovation 2020 at Manekshaw Centre.
Stressing on the need to bring more vehicles under the ambit of insurance, Gadkari said FASTags should be made mandatory for obtaining vehicle insurance.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service