In a big relief to all the stakeholders in the construction of Delhi-Gurgaon stretch, National Highways Authority of India (NHAI) allowed Infrastructure Development Financing Company (IDFC) to take 74 per cent stake in the project on January 30 and is likely to extend deadlines for the work. Overlaying on the entire Delhi-Gurgaon stretch was to be completed, as per an agreement signed by the NHAI, the project concessionaire and IDFC.
Category: Roads & Highways
Post
Post
Bihar to bring in road maintenance policy
In its next budget, the Bihar government may come up with a separate policy on road maintenance in the next budget. The government's move is by keeping in view the maintenance of all roads built during the last seven years.
Post
NHAI allows IDFC to pick up 74% stake in Delhi-Gurgaon e-way
The National Highway Authority of India (NHAI) allowed IDFC to pick up 74 per cent stake in the Delhi-Gurgaon expressway project from its original promoters. Following the acquisition of the controlling stake, IDFC, which is the leading lender to the project, is expected to manage the project efficiently to recover its inves
Post
NHAI keeps tabs on ongoing highway projects
Media reports suggest that the National Highways Authority of India (NHAI) is checking status of the ongoing highway projects with the project developers. The move by NHAI is intended to ensure that no more developer exit from his road project like the way GMR Infrastructure and GVK Infrastructure withdrew from their high profile projects recently
Post
ADB’s kudos to Bihar for road construction works
Asian Development Bank (ADB) has praised road construction work in Bihar and promised all assistance to the State government in its future projects. A lot of good work has been done in Bihar in the field of roads. ADB will provide all assistance to the government in further promoting good roads in the state, Widowati, Director, Transport & Communication division, South Asia department of ADB said. He was in Patna on January 31 for talks on new projects.
Post
15 firms bid for Mumbai’s Pedder Road flyover contract
In Mumbai, as many as 15 infrastructure companies have evinced interest in the controversial Pedder Road Flyover project and their representatives attended a pre-bid meeting held by Maharashtra State Road Development Corporation (MSRDC) on January 28.
Post
IDFC gets nod to acquire 74% in Delhi-Gurgaon h’way project
The majority stake owner of Delhi-Gurgaon Superconnectivity, the company which operates the connecting highway between Delhi and Gurgaon, is now set to change for the second time. National Highways Authority of India (NHAI) Board has approved a proposal allowing IDFC, which was one of the key lenders to DS Construction, to take over 74 per cent stake in the project.
Post
Slowdown or consolidation?
After every available rating and analyst firm from Nomura to Dun & Bradstreet and India Ratings expressed a negative outlook on IndiaĂâs infrastructure, the inevitable, unpleasant moment arrived when the advance estimates, officially announced early this month, stated that the nation can only achieve 5 per cent growth the current fiscal, the lowest in a decade, and 0.7 per cent lower than anticipated earlier.
Post
Slowdown or consolidation?
After every available rating and analyst firm from Nomura to Dun & Bradstreet and India Ratings expressed a negative outlook on IndiaĂâs infrastructure, the inevitable, unpleasant moment arrived when the advance estimates, officially announced early this month, stated that the nation can only achieve 5 per cent growth the current fiscal, the lowest in a decade, and 0.7 per cent lower than anticipated earlier.
Post
mprove PPP structure | Budget 2013-14
Besides the need for enhancing capacity which is being met through major capital works like the DFC project, investment in rolling stock, providing improved terminal access, and improvements and investment in the last leg connectivity between the rail network and the cargo loading and unloading points are likely to be key areas that will need to be addressed through various policy initiatives of the Railways.