With this, three highway assets of the IRB Infrastructure Trust, located in Uttar Pradesh, Haryana and Rajasthan, have now become part of the IRB InvIT Fund’s asset portfolio. IRB Infrastructure Developers Ltd (IRBL), India’s largest multinational transport infrastructure developer in the highways sector, announced late Thursday that its sponsored IRB InvIT Fund has completed the...
Category: Roads & Highways
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Gadkari Calls for Accountability and Innovation to Build World-Class Roads
The Road Transport and Highways Minister announced that details of project officials, contractors, and developers will be made public to strengthen transparency and citizen oversight. Union Minister for Road Transport and Highways Nitin Gadkari has called for greater accountability from contractors, consultants, and officials to ensure that India’s highways are built and maintained to world-class...
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Toll Revenues Surge to ₹491.9 Billion in Jan-Sept 2025, Driven by Higher Traffic and Revised User Fees: ICRA Analytics
The regional distribution of toll revenue has remained broadly stable over the past three years, with western and southern corridors consistently accounting for more than half of India’s national toll collections. India’s national highway network has recorded robust growth in toll revenue and traffic volumes over the past two years, with collections rising nearly 16...
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NHAI to Display Toll Pass Details at Fee Plazas to Boost Transparency and Ease Travel
The initiative aims to ensure that highway users are fully informed about the availability, pricing, and application process for concessional toll passes, making travel more economical, transparent, and hassle-free. In a move to enhance transparency and improve commuter awareness, the National Highways Authority of India (NHAI) has directed its field offices to prominently display detailed...
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NHAI to Deploy Network Survey Vehicles for 20,000-Plus km Highway Audit Across 23 States
Qualified firms with expertise in pavement condition assessment and digital infrastructure mapping have been invited to bid for the initiative, which aims to enhance commuter experience through improved road surface quality and highway upkeep. The National Highways Authority of India (NHAI), the country’s premier highway development and maintenance agency, will deploy Network Survey Vehicles (NSVs)...
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India’s Logistics Cost to Hit Single Digits by December 2025: Gadkari
The Roads & Highways Minister says lower logistics costs will sharply enhance industrial profitability, boost export competitiveness, and elevate India’s global manufacturing position. India’s logistics cost is set to fall to single digits by December 2025, marking a major milestone in the country’s push for global competitiveness, Union Minister for Road Transport & Highways Nitin...
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HAM: The Road Ahead
Recent policy recalibrations are reshaping the hybrid annuity model, a distinctly Indian innovation in public-private partnership for road infrastructure. These changes aim to ensure that financially sound and technically qualified developers take the lead, setting the stage for higher construction standards and a more balanced distribution of national highway projects, says Anand Kulkarni. National highways...
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From Muddy Tracks to Expressways: Bihar’s Quiet Road Revolution
Bihar’s successful execution of road development proves that with commitment and integrity, even decades of backwardness can be returned to the highway of progress, writes Nitin Nabin, Minister for Road Construction, Government of Bihar. Through the 1990s and early 2000s, Bihar was synonymous with broken, pothole-ridden roads. Locals often quipped: “In Bihar, you find the...
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Road Construction May Hit Five-Year Low in FY2026, Cautions ICRA
The revised estimate of 9,000-9,500 km, down from an earlier forecast of 9,500-10,000 km, reflects the impact of an extended monsoon and slower project awarding across FY2024 and FY2025. India’s road construction activity is projected to slow sharply in FY2026, with the Ministry of Road Transport and Highways (MoRTH) expected to execute just 9,000-9,500 km,...
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NHAI May Raise Up to ₹400 Billion in FY2026 via TOT and InvIT Monetisation, Surpassing Budget Target: ICRA
If realised, the estimated ₹350-400 billion would not only eclipse the ₹243.99 billion raised in FY2025, but also outpace the ₹300 billion monetisation target set for FY2026. The National Highways Authority of India (NHAI) could potentially raise between ₹350 billion and ₹400 billion in FY2026 through timely monetisation of identified road assets, according to ratings...