NHAI clears contractors' bills worth Rs 25,000 crore
The National Highways Authority of India (NHAI) has cleared bills worth Rs 25,000 crore owed to contractors in March 2020, expediting the process in the last one week after construction activity came to a grinding halt due to the national lockdown post Covid-19.
PNC Infratech wins Rs 1,412 crore project from NHAI in UP
"PNC Infratech Limited announces receipt of Letter of Award (LOA) on June 24, 2020 ...
Recent surge in freight movement could mean that India's economy is getting back on track. Or is it?
The year-on-year growth of the Indian Ra...
NHAI extends deadline for road auctions
The government has extended the bid submission deadline for the fourth set of road auctions to July 31 as traffic flows remain below normal in the aftermath of the lockdown in the country.
Covid-19: Bid submission for TOT-4 auction deferred again
Bids for TOT-4, floated in FY20, were due on Wednesday, after four rounds of postponement. The bid submission date has now been deferred by a month, a senior official told ET.
Highway stretches may be offered for as low as Rs 1,500 crore to attract domestic companies
The National Highways Authority of India (NHAI), which monetises operating assets through the Toll-Operate-Transfer (TOT) model, gives long-term tolling rights to concessionaires against a lump sum payment.
CCI dismisses complaint against NHAI alleging unfair biz practices
The matter pertains to prescription of specific eligibility criteria in tender documents for engagement of consultants by NHAI.
Indecisive officials dealing with highway projects to face action, warns Nitin Gadkari
To make up for the losses incurred in terms of highways projects and to bring them on track, the Road Transport, Highways and MSME Minister Gadkari has already fixed a target to build roads worth Rs 15 lakh crore in the next two years.
FASTag technology ensuring safety during COVID-19 times: NHAI
New Delhi, May 11 () FASTag, an inclusive technological tool for toll collection on highways, is ensuring safety of commuters during COVID-19 times, the NHAI said on Monday.
NHAI looks to restart 50-60% projects
Officials said work is likely to restart on highways and expressways where labour is stationed in camps at project sites. They said these projects may include the Delhi-Mumbai Expressway, which is likely to get permission from the local administrations in Haryana and Rajasthan by this week.
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.
States should come forward with Rs 20 lakh cr to battle COVID-19 disruptions: Nitin Gadkari
"More liquidity needs to be pumped in the market to boost the coronavirus-hit economy and states should come forward with Rs 20 lakh crore, while another Rs 10 lakh crore can be harnessed from public-private investment," Road Transport, Highways and MSME Minister Gadkari said.
Hold 26% stake in state-run banks, give longer tenure to CEOs: RBI to government
The heads of financial sector regulators — the RBI, Securities & Exchange Board of India and Insurance Regulatory & Development Authority of India (Irda) — interacted with the prime minister via video conference on Thursday. Modi has been meeting various stakeholders to get feedback on the economy in the wake of the Covid-19 pandemic.
Finance Ministry's rule change may hit 1,000 km road projects
As a norm, any PPP project costing over Rs 2,000 crore is sent to the PPP Appraisal Committee and then to the Cabinet for its nod. However, PPP projects up to Rs 2,000 crore are appraised and approved by the highways ministry’s Standing Finance Committee. To keep large projects under the finance ministry-set threshold, the highways ministry has been bifurcating large projects.
NHAI to monetise 12 highway stretches of over 6,000 km before 2024 to raise more resources: Finance Minister
"I propose to monetise at least twelve lots of highway bundles of over 6,000 km before 2024," Sitharaman said in her speech while tabling the Union Budget 2020-21. On electronic toll collection through FASTags, she said the "mechanism encourages us towards greater commercialisation of our highways so that NHAI can raise more resources."