With an aim to raise Rs 4,200 crore NHAI has invited bids for its 4th bundle of TOT. The highways ministry has been working aggressively on its asset monetisation program, as it creates a pipeline of projects that can be monetised.
In what could be India's busiest stretch, sale of the toll operation rights on Mumbai-Pune Expressway could fetch at least Rs 8000 cr. SBI Capital Market has been looking for a new operator as IRB Infrastructure’s 15-year contract expired in August.
Gadkari said that as the government goes on to build additional roads, the length of roads with tolling system will increase to 75,000 kms over the next five years.
The G20 Global Smart Cities Alliance on Technology Governance will create global norms and policy standards for the use of connected devices in public spaces, a WEF release said.
Currently, around 180 arbitration cases are going on with claims of highway builders and concessionaires totalling nearly Rs 71,000 crore.
According to official data, nearly 1,900 people lost their lives and another 46 were reported missing this monsoon season in rains and floods that affected more than 25 lakh people in 22 states.
The proposed project to be developed by Mundra International Airport Pvt Ltd was recently approved by the Union Environment Ministry after taking into consideration the views of an expert panel.
In a day-long review meeting held on Thursday, Gadkari told officials to focus on delivering projects rather than getting stuck in procedures.
This will be the fourth bundle of toll-operate-transfer projects, and the second to be offered in the current financial year.
The third phase or package from Dasna in Ghaziabad to Hapur is over 22-km long, with a civil cost of Rs 1,058 crore
Though the Indian Roads Congress had come out with a code to enable use of waste plastic in 2013, it never took off.
The National Highways Building Authority of India (NHAI) in June this year invited bids for a cumulative 500 kms of road stretches looking to raise a minimum of Rs 4,995 crores.
After first Smart Cities Mission for 100 cities, the government will expand the Smart Cities Mission to all 4,000 cities in the country.
Half of the 23 cities surveyed do not generate enough revenue to even pay for the salaries of their municipal staff.
With six runways, Jewar airport will also be counted along with the largest airports in the world.
So far, MMRDA projects have been funded by federal agencies like World Bank, Asian Development Bank and Japan International Cooperation Agency as they are being implemented on EPC basis.
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