Covid-19: NHAI makes way for distributing food to migrants at toll plazas
In a meeting held on Saturday NHAI has asked toll operators to make food arrangements for migrant workers. The move will also benefit truck drivers transporting essential commodities, who are facing issues as food outlets along National highways remain shut.
Road contractors may get more time for project execution: Ministry
The highway ministry is examining the issue faced by the contractors and c...
Road developers to incur Rs 3,700 cr toll revenue losses in Mar-Jun: Crisil
Crisil said the extended lockdown to contain the COVID-19 pandemi...
Toll collection in current, next fiscal to be adversely impacted as operations halted: ICRA
In a letter issued to the NHAI on Wednesday, the ministry of road transport and highways said that the MHA in a order stated that “commercial and private establishments shall be closed down for a period of 21 days with effect from 25.03.2020 for containment of Covid-19 epidemic in the country,” further asking the authority to therefore comply with the orders.
NHAI constructs 4,000 km roads in FY20, its highest ever
The construction pace as noticed in last years has seen a steady growth with 3,380 Km construction in the FY 2018-19, the authority said.
PNC Infratech bags Rs 3,582 cr orders from NHAI
In a filing to the BSE, PNC Infratech Ltd said it has received "letters of award (LOA) from National Highways Authority of India (NHAI) on March 9, 2020, for the project of four-laning of the Aligarh-Kanpur section from 356 km (design chainage 373.085 km) to 414 km (design chainage 433.728 km).
Adani Enterprises wins Rs 1,546-cr project from NHAI
The company's bid project cost for the 17.88 km project was Rs 1,546.31 crore, the company said, adding it will be completed in 2.5 years.
Realtors, oil companies evince interest in NHAI land
The National Highways Authority of India (NHAI) is planning to augment its toll revenue by monetising a part of land parcels it acquired saalong its flagship Delhi-Mumbai expressway to begin with.
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.
Covid-19: NHAI to stop collecting toll across national highways during lockdown
In a letter issued to NHAI, the ministry of road transport and highways said that “commercial and private establishments shall be closed down for a period of 21 days with effect from March 25 for containment of Covid-19 epidemic in the country,” further asking the authority to therefore comply with the orders.
Ashoka Buildcon arm executes concession pact with NHAI for Rs 1,036 crore road project
New Delhi, Mar 20 () Ashoka Buildcon on Friday announced the execution of a concession agreement with NHAI for a Rs 1,035.5 crore road project in Karnataka.
Truckers seek govt intervention to help stranded drivers, for safety of goods
Seeking support from the government, All India Motor Transport Congress (AIMTC) said supplies could be hit if problems are not addressed as still a large number of drivers were stranded while many have abandoned trucks loaded with goods at various places.
Cube Highways plans InvIT to sell a part of its road assets
The move comes after the government removed the tax barrier for private placement of InvITs in the budget, putting them at par with publicly listed ones. Cube will hive off its operating assets into an infrastructure investment trust or InvIT and place it privately with other investors, said three people with direct knowledge of the development.
NHAI's project award activity during April-August highest in three years
The National highways building authority awarded 24 projects worth Rs 31,000 crore during April to August. The cumulative length of these projects stood at 744 km. During this time, NHAI has awarded 26 projects of 744 km length as compared to 676 km in FY 2019-20, 368 km in FY-2018-19 and 504 km in FY 2017-18, the authority said in a statement on Monday.
Govt plans to construct over 50,000 km roads: Highways secy to investors during meet on InvIT
InvITs are instruments on the pattern of mutual funds and are designed to pool small sums of money from a number of investors to invest in assets that give cash flow over a period of time.