Reiterating their demand on exit norms, highway developers and financial institutions met Highway Ministry officials on February 11. At present, there are limits on the extent to which developers can sell their stake from highway concessions, and how fast they can exit from projects after completing projects.
Category: Roads & Highways
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KSCC to build road at Rs 97-cr to ease traffic in Kochi
To ease traffic congestion from Vallarpadam to NH 17 at Paravoor, Kochi, the Kerala State Construction Corporation (KSCC) will construct a road from Chathanad-Moolampilly at Rs Rs 97-crore. The general council of Goshree Islands Development Authority (GIDA) held in Kochi on February 12 decided to this extent. It is to entrust the road construction. GIDA had earlier planned to give the project to Delhi Metro Rail Corporation (DMRC).
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IL&FS bids for Barwa-Adda-Panagarh h’way stretch
IL&FS Transportation Networks has stated that the company has submitted a bid with the National Highways Authority of India (NHAI) for six-laning of Barwa-Adda-Panagarh Section of NII-2 from km 398.240 to km 521.120 including Panagarh Bypass in Jharkhand and West Bengal under NHDP Phase V to be executed on DBFOT basis.
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Udaipur-Ahmedabad h’way gets nod from FAC
In a major relief to the National Highway Authority of India (NHAI) in Rajasthan, the Forest Advisory Committee (FAC) on February 4 granted clearance for widening of the Kishangarh-Udaipur-Ahmedabad highway. With the approval, work on the project is expected to begin soon.
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Highway builders demand easier exit norms
Reiterating their demand on exit norms, highway developers and financial institutions met Highway Ministry officials on February 11. At present, there are limits on the extent to which developers can sell their stake from highway concessions, and how fast they can exit from projects after completing projects.
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IL&FS bids for Barwa-Adda-Panagarh h’way stretch
IL&FS Transportation Networks has stated that the company has submitted a bid with the National Highways Authority of India (NHAI) for six-laning of Barwa-Adda-Panagarh Section of NII-2 from km 398.240 to km 521.120 including Panagarh Bypass in Jharkhand and West Bengal under NHDP Phase V to be executed on DBFOT basis.
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Work on interior roads of Mangalore to begin soon
Road works in interior Mangalore will commence soon, said Karnataka State Assembly Deputy Speaker N Yogish Bhat. With the government sanctioning the work on interior roads development in Mangalore South and Mangalore North at a cost of Rs 8.5 crore and Rs five crore respectively, the tender has been called and the work will commence shortly, he added.
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Work on interior roads of Mangalore to begin soon
Road works in interior Mangalore will commence soon, said Karnataka State Assembly Deputy Speaker N Yogish Bhat. With the government sanctioning the work on interior roads development in Mangalore South and Mangalore North at a cost of Rs 8.5 crore and Rs five crore respectively, the tender has been called and the work will commence shortly, he added.
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Flyover to replace 6-lane plan on NH-2 in Hazaribag
In Jharkhand's Hazaribag, the hurdles, in converting the NH-2 (G T Road) into six lanes between ItkhoriMor to Barhi via Chouparan by the National Highway Authority of India (NHAI) have now been removed as the authorities have in principle agreed to construct a flyover and save the Chouparanhaat shopkeepers and market complex people from being displaced.
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Flyover to replace 6-lane plan on NH-2 in Hazaribag
In Jharkhand's Hazaribag, the hurdles, in converting the NH-2 (G T Road) into six lanes between ItkhoriMor to Barhi via Chouparan by the National Highway Authority of India (NHAI) have now been removed as the authorities have in principle agreed to construct a flyover and save the Chouparanhaat shopkeepers and market complex people from being displaced.