The National Highways Authority of India (NHAI) has given a breather to four companies which are on the verge of losing their contracts. Several projects of NHAI have been facing failure to achieve financial closure.
Category: Roads & Highways
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L&T achieves financial closure for its Maha road projects
For two of its road projects in Maharashtra, L&T Infrastructure Development Projects (L&T IDPL), a subsidiary of Larsen & Toubro Ltd, and one of the pioneers in infrastructure development in India, has achieved financial closure on November 30.
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Innovations needed for road development in India
Director General (Road Development) and Special Secretary of the Union Ministry of Road Transport and Highways (MoRTH) C Kandasamy has said that innovation holds the key to overcoming hurdles in developing roads and junctions.
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Govt proposes to collect toll on two-lane roads
With an eye on attracting investment and generating more revenue for the highways sector, the government is planning to charge toll for plying on a majority of two-laned roads.
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India offers Myanmar to build roads, bridges
Indian Foreign Secretary Ranjan Mathai has stated that India has offered to build 71 new bridges in Myanmar on the Tamu to Kalewa highway. He added that a team from the Road Transport and Highways Ministry is visiting that country as part of the project.
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Allahabad DM underlines road safety
To enforce wearing helmet by two-wheeler drivers in Allahabad district, especially students, the District Magistrate Rajshekhar has asked the city police to conduct awareness drive in schools to ensure two-wheelers were driven only after obtaining a valid driving licence and compulsorily use of helmet.
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Big firms stay away from BMC’s road contracts
The failure of Mumbai's civic body Brihanmumbai Municipal Corporation (BMC), the richest in India, to attract reputed infrastructure companies to bid for its multi-crore road contracts, does not come as a surprise. The Brihanmumbai Municipal Corporation(BMC) attempted to weed out dubious contractors with alleged political connections.
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Maha ranks 1st, TN 2nd in road projects under PPP
Tamil Nadu ranks number two with a share of over 20 per cent in total road projects under operation in the public-private partnership (PPP) model as of August, 2012.
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Govt to give more powers to banks in road projects
Banks in India are going to be given more functional and supervisory powers by the government with regard to road projects.
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Key flyover in Kolkata to be ready by May 2014
In Kolkata, one of the major flyover projects under the Jawaharlal Nehru Urban Renewal Mission (JNNURM) has cleared hurdles for a long-pending 600-metre leg. The 4.6 km-long Park Circus-Parama flyover project, connecting central Kolkata with its eastern fringes including the airport and IT hub in Salt Lake, may now see speedy completion.