IRB Infra gets award letter for executing Rs 1,755 cr Vadodara-Mumbai Expressway stretch
Last week, the company had emerged as the preferred bidder for the said project, under hybrid annuity mode (HAM) with a bid cost of Rs 1,755 crore, having concession period of 15 years, including 730 days of construction period.
Cabinet makes key changes to TOT framework, allows NHAI to raise funds against toll revenue
Among key changes, the NHAI has been allowed to v...
Govt relaxes FASTag rollout mandate, at least 75% toll lanes must collect fee electronically from December 15
Govt has temporarily relaxed an...
NHAI wants tighter land norms for nod to highway projects
The National Highways Authority of India (NHAI) won’t issue work order for highway projects under the public private partnership (PPP) mode unless it has 90% of the land is in its possession and without obtaining all statutory clearances.
BOT no more: Is the Build-Operate-Transfer model of road developing dead?
Participation in BOT projects — where private developers build a road using their own funds, operate it and then transfer it to the govt after a specified period — has been declining for five years now. Investors have been wary of putting money given the high risk factors, changing traffic flow on account of new roads coming up over the years being a major one.
Centre gives in-principle nod to Doon-Delhi elevated expressway
The Centre's go-ahead to the project was conveyed to Uttarakhand Chief Minister Trivendra Singh Rawat by the National Highway Authority of India Chairman S S Sandhu who made a courtesy call to the former at his residence here on Monday, an official release said.
Success of TOT critical for meeting funding requirements for Bharatmala: ICRA
The success of the third round of Toll-operate-Transfer (TOT) bundle will define the feasibility of the model introduced in 2016 for monetization of publicly-funded highways, the agency said.
Sebi slaps Rs 7 lakh fine on NHAI for disclosure lapses
Sebi had conducted an examination in the matter of NHAI from financial year 2015-16 to 2018-19.
Free FASTags for faster switch
“NHAI has set up point of sale (PoS) on several toll plazas across the country, and they are giving out FASTags free of cost,” said minister for road transport and highways Nitin Gadkari. The government has set December 1 as the deadline to switch all toll lanes to electronic toll collection.
PNC Infratech climbs 9% on securing two contracts worth Rs 1,548 crore
The scrip has gained 22.44 per cent in the last one month, but is still down 20.32 per cent year-to-date.
NHAI starts electronic toll collection at national highways pan-India
"All 523 Toll Plazas of NHAI have been fully equipped with the required ETC infrastructure," the National Highways Authority of India (NHAI) said. It said as many vehicles are still without FASTag, up to 25% lanes have been kept as hybrid lanes for cash as well as digital transaction. Each toll plaza is being supervised by a nodal officer of NHAI.
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.
FASTag to be available free of charge for 15 days
The applicable security deposit and minimum balance amount for FASTag wallet shall, however, remain unchanged. NHAI had earlier announced for free NHAI FASTag from November 22 to December 15 last year. The government has rolled out the FASTag-based toll collection system across more than 527 national highways in the country.
Sebi revises investment manager eligibility norms for InvITs; allows fast-track rights issuance
Sebi has allowed a combined relevant experience of at least 30 years.
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.