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Dec 10, 2019, 07.50 AM IST

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Over 71 hectares handed over to NHAI for Delhi-Meerut expressway

As many as 201 houses were demolished with the help of owners and the target was achieved within 15 days, said District Magistrate Ajay Shankar Pandey.

Highways ministry urges RBI to exempt FASTags from KYC norm

Currently, vehicle owners need to give details of the vehicle, including its regi...

Bharat Bond ETF to open on December 12

Markets regulator Sebi nod for the new fund offer (NFO) of Bharat Bond ETF has been obtained and it wi...

ET Prime Distribution
  • It can be noted that NHAI has been facing funding and cash flow issues leaving many of its projects stalled. The national road builder's debt has risen eight times between fiscals 2014 and 2019 to Rs 1.8 lakh crore, primarily due to spiralling land cost which generally makes up 30-35 percent of a project cost.

    According to the earlier model approved by the government in 2016, NHAI could monetise publicly funded highways by offering investors toll collection rights for 30 years for a lumpsum amount. “With this flexibility, we now get a larger pool of road stretches to choose from,” a senior government official told ET.

    Road accidents in India claimed over 1.5 lakh lives in 2018, a recent report by the transport ministry revealed. India ranks 1st in the number of road accident deaths across the 199 countries reported in the World Road Statistics, 2018, followed by China and the US. As per WHO, India accounts for almost 11% of the accident related deaths in the world.

    Union minister for MSME says move will help to reduce cost of power generated to Rs 2.5 per unit. Gadkari said the government is working to bring down the cost of power, logistics and capital which will help reduce cost of production in India.

    The road transport and highways ministry had earlier this year announced December 1 as the deadline to switch all toll lanes across national highways in the country to electronic toll collection (ETC). “NHAI has set up point of sale (PoS) on several toll plazas across the country, and they are giving out FASTags free of cost,” Nitin Gadkari said.

    “There is a paradox in the bond market,” said Pratapsingh Nathani, Beacon Trusteeship.

    The app lets motorists buy FASTtags online, find offline sale locations, recharge the stickers and make payments.

    India could save up to Rs 12,000 crore every year in terms of fuel and man-hours with the switch to 100% FASTag-based toll collection on national highways from Dec 1. Live monitoring of traffic by a startup shows long waiting times at many of the 488 NH toll plazas. At 2pm on Thursday, the average waiting time was 5-10 mins at 188 plazas and 10-20 mins at 32 others.

    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.

    The rating agency Crisil expects the awarding of all hybrid annuity model (HAM), EPC and build-operate-transfer (BOT) road projects to moderate to 12,000-13,000 km over fiscals 2020 to 2022 compared with 14,000 km over fiscals 2017 to 2019. In September this year, the PMO wrote a letter to the NHAI outlining suggestions for reorganising its portfolio.

    Earlier this week, the company had said ACL had submitted its bid to the National Highways Authority of India (NHAI) for the said project, and had emerged as the lowest bidder at the financial bid opening meeting held on November 18, 2019.

    “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.

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