NHAI DEVELOPERS DISPUTE
NHAI moves IRDA proposing insurance of road projects
The National Highways Authority of India (NHAI) has proposed insurance cover for road projects, in a step that could help bring in credible project developers and mitigate construction period risks.
NHAI clears IL&FS claims of Rs 902 crore
The Khed-Sinnar Expressway (KSEL) is the third incomplete road project of IL&FS whose claim has been...
NHAI seeks flexibility in mode of project award, to focus on EPC
Under HAM, the government provides 40% of the construction cost. The rest is...
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 interaction. With the ministry’s priority being monetisation of assets, engineering, procurement, construction (EPC) — which is entirely funded by the government —is the preferred mode of project award, Nitin Gadkari said.
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.
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.
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.
NHAI downsizes toll-operate-transfer-4 bid by Rs 2,000 crore
The authority has now downsized the package, reducing the base price of the bid—to Rs 2,165 crore.
New rules to end disputes with infra companies
NHAI alone is to clear claims of over Rs 50,000 crore to road developers, despite losing cases in arbitration.
NHAI to check on liquidity of banks before HAM projects
The NHAI will soon call a meeting with banks to ensure that there are sufficient funds before the authority bids out projects under the hybrid annuity mode.
Speed up project implementation, meet construction targets, Gadkari tells NHAI
In a day-long review meeting held on Thursday, Gadkari told officials to focus on delivering projects rather than getting stuck in procedures.
NHAI gets Cabinet nod to set up Infrastructure Investment Trust
Under InvIT, highway projects will be bundled to form a special purpose vehicle (SPV) to be offered to investors. The SPV would then be traded on the stock exchanges, and returns will be linked to the InvIT’s performance in the capital market. InvIT as an instrument provides greater flexibility to investors and is expected to create specialized O&M.
NHAI to raise over Rs 85k crore via asset recycling: Nitin Gadkari
“We are working on raising funds from banks and the market, monetising our assets more aggressively " Gadkari said.
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