Toll road operators weigh arbitration to recover Rs 650 crore from NHAI
Most of the 162 build-operate transfer (BOT) toll concessionaires, including private equity players, have decided to take the arbitration route to get monetary compensation from the National Highways Authority of India for their costs and losses during the lockdown days, they said.
NHAI extends deadline for road auctions
The government has extended the bid submission deadline for the fourth set of road auctions to July 3...
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 ...
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.
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.
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.
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.
Power Mech Projects bags orders worth Rs 1,311.70 crore
In a regulatory filing, Power Mech Projects said it has received letter of intent/L1 intimation for work worth Rs 1,311.70 crore.
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 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."
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.
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.
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 Railways’ freight business entered positive territory in mid-August for the first time since March 25, when a nationwide lockdown was announced by the government to curb the spread of the novel coronavirus. With that, the economy, too, came to a standstill for at least two months.
Ashoka Buildcon emerges as lower bidder for highway project in Karnataka
Ashoka Buildcon had submitted its bid to National Highways Authority of India for the project to be built on hybrid annuity mode under Bharatmala Pariyojana, it said in a BSE filing. The project entails four laning of a section of NH-206 in the state.
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.