Now, cash recharge option for FASTags
The government will roll out the option of cash recharge for FASTags to accelerate its adoption.
NHAI eyes law tweaks to form land banks
NHAI plans to seek amendments in the National Highways Act to acquire more land to create land banks.
Will stick to EPC in road projects for now: Nitin Gadkari
“We will do more of EPC projects at the moment,” Gadkari told ET in a brief interac...
NHAI plans Rs 3.10 lakh crore expressways by FY25
Among the corridors NHAI proposes to build are—Ahmedabad-Dholera, Delhi-Amritsar-Katra, Chennai-Bengaluru, Kanpur-Lucknow, Bangalore Ring Road, Amritsar-Bhatinda-Jamnagar, Hyderabad-Raipur, and Nagpur-Vijayawada.
NHAI settles NH-21 project with IL&FS for Rs 672 crore
The National Highways Authority of India (NHAI) has settled a road project with Infrastructure Leasing & Financial Services (IL&FS) at Rs 672 crore, one of the first as the debt-laden group moves to resolve stuck projects through conciliation.
NHAI records highest daily toll collection at Rs 86.2 crore: Chairman
The highest daily toll collection via electronic system of FASTags has also been recorded at Rs 50 crore (single day collection) in January 2020 as compared to Rs 23 crore in November 2019.
H G Infra bags Rs 522 cr highway project in Haryana from NHAI
H G Infra Engineering Ltd bagged a highway project worth Rs 522 crore from the National Highways Authority of India (NHAI). The completion period for the project, which has a total length of 14.40 km, is two years, the filing said.
Mandatory FASTag rule relaxed for 65 toll plazas on National Highways citing high cash transactions
This comes after NHAI raised ‘concerns’ regarding high cash transactions at 65 identified toll plazas in the country. Around 535 toll plazas under NHAI have been equipped with ETC infrastructure, and barring 65 of these, the remaining toll plazas have to mandatorily convert all lanes barring one in each direction into FASTag lanes January 15 onwards.
Looking to slash Rs 70K cr arbitration liability via conciliation: NHAI Chief
The National Highways Authority of India (NHAI) is looking to settle a majority of its arbitration cases, with claims running over Rs 70,000 crore, through conciliation, a move that is likely to reduce its liabilities.
RInfra’s sale of Delhi-Agra toll road receives NHAI approval
Reliance Infrastructure will use 100 per cent of the proceeds from the sale to pay lenders .
NHAI wants tighter land norms for nod to highway projects
The National Highways Authority of India (NHAI) won’t issue work order for highway projects under the public private partnership (PPP) mode unless it has 90% of the land is in its possession and without obtaining all statutory clearances.
NHAI plans to raise Rs 40,000 cr through InvIT
InvITs are like mutual funds where investors are allotted units on which they earn some returns.
Proposed concession changes inadequate to revive private sector participation in toll road projects: Ind-Ra
"Proposed changes in the concession agreement of build-operate-transfer (BOT) projects such as non-issuances of work orders until 90 per cent land acquisition, de-scoping provisions akin to hybrid annuity model (HAM) projects, and transfer of projects after lenders' approval are positive moves," Ind-Ra said in a statement.
FASTag will hasten road assets sale, says NHAI
Foreign pension funds and private equity funds were showing more interest in India’s highway road assets within the infrastructure space given the policy issues involved with various states in other infrastructure asset classes, Asheesh Sharma, member (finance), the National Highways Authority of India (NHAI) said.
Govt relaxes FASTag rollout mandate, at least 75% toll lanes must collect fee electronically from December 15
Govt has temporarily relaxed an earlier mandate for 100% electronic toll collection on National highways.
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