'Rising debt levels, soaring land prices may force NHAI to go slow on new projects'
The rating agency Crisil expects the awarding of all hybrid annuity model (HAM), EPC and build-operate-transfer (BOT) road projects to moderate to 12,000-13,000 km over fiscals 2020 to 2022 compared with 14,000 km over fiscals 2017 to 2019. In September this year, the PMO wrote a letter to the NHAI outlining suggestions for reorganising its portfolio.
Ashoka Buildcon arm bags highway project worth Rs 1,000-crore
Earlier this week, the company had said ACL had submitted its bid to the Nation...
Government plans to tweak highway auction norms
While the proposal to tweak conditions for auctioning of completed highway stretches to make ...
Just 3 companies show up for NHAI's toll-operate-transfer-3 auctions
NHAI had in June this year invited bids for the third bundle of toll-operate-transfer auctions, looking to raise a minimum of Rs 4,995 crore. While the names of the companies that have submitted bids due on Monday are not yet known, officials said leading infrastructure players such as Adani, Cube Highways, IRB Infrastructure and L&T could be among the bidders.
NHAI to focus on land acquisition for new projects
NHAI has begun the process of prioritising projects based on their financial viability and this exercise is part of the same strategy
Sukhbir Singh Sandhu takes charge as NHAI Chairman
Sandhu was formerly Additional Secretary, Department of Higher Education, Ministry of Human Resource Development.
NHAI fined Rs 6.84 crore for causing pollution in UP
A fine of Rs 6.84 crore has been imposed on NHAI for causing air pollution through construction activities, said Bhuvan Yadav, Regional Officer of the Uttar Pradesh Pollution Control Board in Agra.
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 told to attract private investment, but 4 key member posts lying vacant
Officials said the NHAI is trying to bid out more projects under PPP models such as 'Build, Operate and Transfer' (BOT).
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.
New norms likely for BoT road projects to lure private investors
NHAI has already recommended changes in the BOT framework which are now being reviewed by the highways ministry.
Arvind Singh appointed chairman of AAI, Sukhbir Singh Sandhu to be NHAI chief
Arvind Singh is at present working in his cadre-state Maharashtra. He has been appointed as the chief of AAI in the rank and pay of additional secretary. Sukhbir Singh Sandhu is a 1988-batch IAS officer of Uttarakhand cadre.
NHAI plans land appreciation taxes to finance projects
NHAI is working on a mechanism to share gains in land value on account of upgradation of highways.
Revenue growth of road developers in EPC segment may be halved in FY'20, FY'21: Crisil
"Road developers...could see revenue growth halve in fiscals 2020 and 2021 to 15 per cent, compared with 30 per cent in fiscal 2019," Crisil said. The NHAI awarded a whopping 7,400 km in fiscal 2018, which slowed down the following year to about 2,200 km. In the current fiscal and the next, awarding is expected to be 4,000 km a year, it said.
Arbitration claims stump NHAI as it stares at Rs 18,000 crore payout
Currently, around 180 arbitration cases are going on with claims of highway builders and concessionaires totalling nearly Rs 71,000 crore.
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