WCL targets 100 MT coal production by FY27: Gadkari
Inaugurating three mines of WCL through video conferencing, the road transport, highways and MSME minister also asked the company to employ more 'sons of the soil' in its projects.
Extension of concession period for toll road operators unlikely to provide adequate relief: Icra
The Ministry of Road Transportation and High...
NHAI moves IRDA proposing insurance of road projects
The National Highways Authority of India (NHAI) has proposed insurance cover for road pr...
Will audit performance of NHAI officials: Nitin Gadkari
Minister of road transport and highways Nitin Gadkari said that while there were problems with respect to delays in projects and rising cost of construction, among others, the ministry was working to address them. The minister added that the cost of the first phase of Bharatmala, the govt’s flagship highway construction programme, has increased to Rs 9.5 lakh crore.
H G Infra bags Rs 522 cr highway project in Haryana from NHAI
H G Infra Engineering Ltd bagged a highway project worth Rs 522 crore from the National Highways Authority of India (NHAI). The completion period for the project, which has a total length of 14.40 km, is two years, the filing said.
Construction industry seeks immediate release of pending dues from government agencies
"This immediate liquidity will repay lenders, unlock supply chains, protect thousands of MSMEs including migrant labour while restarting the profit cycle that will trigger our economic revival," he added.
Now, cash recharge option for FASTags
The government will roll out the option of cash recharge for FASTags to accelerate its adoption.
Toll collection resumes on National Highways
National Highways Authority of India (NHAI) as well as highway developers resumed collection at toll plazas. Highways developer IRB Infrastructure Developers said all its Special Purpose Vehicles (SPVs) "have resumed their toll collection from 00.00 hours today" in line with the NHAI directives.
Toll collections to see 13% drop due to 57-day coronavirus lockdown: CRISIL Research
With the nationwide lockdown to fight the COVID-19 pandemic restricting inter- and intra-state traffic to essential services, toll collections from build-operate-transfer (BOT) highway projects, and remittances from publicly funded projects would decline sharply in the near term, Crisil report 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.
Cabinet makes key changes to TOT framework, allows NHAI to raise funds against toll revenue
Among key changes, the NHAI has been allowed to vary the concession period of toll projects between 15 to 30 years. TOT was introduced in 2016 to monetise publicly funded highways. Under the model, investors make a one-time lump sum payment in return for long-term toll collection rights of 30 years.
Curtailed movement, suspension of tolling to see toll revenues dipping 8.5%: Crisil
To contain the spread of coronavirus, Prime Minister Narendra Modi had imposed 21 days lockdown which was later extended till May 3. According to the rating agency, the traffic growth for FY2020 was near-zero mainly because of slowing economic growth, revision in axle load norms, and the Covid-19 pandemic-driven lockdown that began in late March.
Sebi’s Rs 7 lakh penalty on NHAI harsh and excessive, says SAT
SAT said Sebi’s order was “harsh and excessive” and let off NHAI with a warning. The tribunal also opined that NHAI is already “heavily burdened” with compliance requirements under various laws including the Sebi Act, and hence, the regulator should have considered making an exception for NHAI.
Govt relaxes FASTag rollout mandate, at least 75% toll lanes must collect fee electronically from December 15
Govt has temporarily relaxed an earlier mandate for 100% electronic toll collection on National highways.
NHAI settles NH-21 project with IL&FS for Rs 672 crore
The National Highways Authority of India (NHAI) has settled a road project with Infrastructure Leasing & Financial Services (IL&FS) at Rs 672 crore, one of the first as the debt-laden group moves to resolve stuck projects through conciliation.