In view of delay in several road projects owing to land acquisition issues, National Highways Authority of India (NHAI) henceforth decided to start road projects only after acquiring substantial land. The authority would also ensure that environmental clearance is in place before starting projects. Through this move, NHAI wants to ensure that once a project starts on ground there is no brake and the objective is timely com
Category: Roads & Highways
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Road sector’s slowdown hits construction equipment sales
Construction equipment market in India has been shrunken due to the slowdown in road projects and delays in environment clearances. The present construction equipment market in the country is valued at $3.5 billion. A ban on quarry activities in many States has also impacted the sector.
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Bankers to lend Rs 8.3 bn for Rs 11 bn road project
A consortium of bankers agreed to provide Rs 830 crore syndicated loan to Hospet-Chitradurga Tollways (HCTL) for the Rs 1,102.81-crore road project in Karn
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Kochi likely to get Rs 3,000-cr road project
The Kerala government is considering a Rs 3,000-crore project proposal for construction of new roads in Kochi city, the State PWD Minister VK Ebrahim Kunju has said. This includes construction of new roads connecting Kalamassery, Thrikkakara and the Kochi city.
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New h’way projects give fillip to construction industry
The road construction sector in India has picked up in 2012 after a slowdown in road projects last year. National Highway Authority of India (NHAI) has awarded about 4,375 kilometers of roads in the first nine months of 2012.
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Baghbela-Chitterkot road in Kashmir needs macdamisation
For the inhabitants of Tangdhar in Kashmir delay by the Border Roads Organisation (BRO) to macadamise the Baghbela- Chitterkot road has become a source of inconvenience.
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NHAI meets 6% road contracts target till Oct
The Union government would target construction of 17,000 km of roads over the next two years, Prime Minister Manmohan Singh said on November 3.
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Rs 1,760 cr World Bank’s aid for Assam road project
For improving secondary road network in Assam, the India's north-eastern state, the World Bank on November 5 signed an agreement with the Central and Assam governments to provide $320 million, around Rs 1,760 crore.
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Assam road project gets $320 mn loan from World Bank
World Bank agreed to lend $320-million for improvement and development of some of the roads in Assam
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Centre, Assam sign pact with World Bank for road project
The Union and Assam governments on November 5 entered into a $320 million agreement with the World Bank for State roads project. The loan and project agreements were signed by the Centre, Assam government and World Bank in New Delhi, an official statement here said.