Minister of State for Road Transport and Highways Sarvey Sathyanarayana informed Lok Sabha that the entire length of Golden Quadrilateral (GQ) has been completed, except 110 metre. The North - South and East - West Corridor has also been completed, except 636 km under implementation and 372 km to be
Category: Roads & Highways
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NHAI, IL&FS ink deal on Rs 16.6 bn road project
National Highways Authority of India (NHAI) signed concession agreement with IL&FS Transportation for a Rs 1,665 crore road project in Jharkhand and West Bengal. The contract involves six-laning of Barwa-Adda-Panagarh section of national highway (NH 2) and it would be executed by Barwa-Adda Expressway, a subsidiary of IL&FS Transportation
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Toll plaza on Delhi-Gurgaon highway may be removed
The toll plaza between Delhi and Gurgaon on the national highway is likely to be removed. The toll plaza has become contentious as users had to wait for long, resulting in traffic block. This also led to an intervention by the Punjab High Court last year. This was one of the options discussed in a meeting held between Haryana Chief Minister Bhupinder Singh Hooda and the Union Road Transport Minister CP Joshi in Delhi recently.
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Govt may revamp MCA for road projects
Unconfirmed reports indicate that the government would revamp the model concession agreements (MCAs) for public private partnership (PPP) projects in the highway sector. It may be noted that the existing MCAs have outlived their utility and there are no provisions for addressing emerging problems in many such projects. The
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IL&FS ties-up with NHAI for Rs 1,665 cr project in 2 states
Infrastructure firm IL&FS Transportation on May 9 said it has signed a pact with National Highways Authority of India (NHAI) for Rs 1,665 crore road project in Jharkhand and West Bengal. The company said that the concession agreement for six-laning of Barwa-Adda-Panagarh section of NH 2 was signed between NHAI and Barwa-Adda Expressway, a subsidiary of the company incluidng Panagarh bypass.
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Port projects fail to attract pvt investment
Reports suggest that the union government is facing difficulty in attracting private investment in port projects. It is learnt that projects in Visakhapatnam, Chennai and Tuticorin Port Trusts have not seen a single bid coming in from the private sector in the last
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ILFS arm signs pact with NHAI
According to a filing with the stock exchange, IL&FS Transportation Networks signed a Concession Agreement with National Highways Authority of India (NHAI) for four laning of Khed - Sinnar Section of NH-50 under Phase IV B in Maharashtra. The firm would execute the project on DBF
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Developers bid aggressively for EPC projects
National Highways Authority of India (NHAI) offered five of the six road projects awarded in April 2013, covering a total length of 339 km, under the engineering procurement construction or (EPC) mode. The authority awarded the remaining one project on the BOT-toll (build operate transfer) model, the predominant format under which projects were being offer
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GMR to cut debt via sale of road assets
In order to reduce its debt, GMR Infrastructure is in the process of offloading stake in some of its toll road projects. The company is reportedly in talks with potential investors such as Morgan Stanley Infrastructure Fund, Citigroup Venture Capital, SBI Macquarie and ICICI Venture to raise about Rs 1,800 crore through the stake sale
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Chamber wants construction of flyovers at Kochi
Kerala government must begin construction of the proposed flyovers at Edappally and Vyttila in Kochi, Kerala Chamber of Commerce and Industry demanded. The proposed flyovers would mitigate traffic congestion in the National Highway and facilitate trade and commerce activities in Kochi, the chamber said. The chamber called for the construction of Kundannoor flyover on a priority-basis. The ‘Portal Frame Flyover’ model sugg