In the wake of irregularities in allocation of natural resources and award of infrastructure projects, Prime Minister Manmohan Singh called for transparency in awarding highway projects to eliminate the possibility of favouritism or ‘crony capitalism'.
Category: Roads & Highways
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NH 56 development
The Cabinet Committee on Infrastructure (CCI) has approved the implementation of the project of four laning of Lucknow-Sultanpur section from 11.5 km to 134.7 km on NH 56 in Uttar Pradesh under NHDP Phase IV A to be executed in BOT mode on DBFOT basis.
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Rs 5,000 cr road projects
The Public Private Partnership (PPP) Appraisal Committee, spearheaded by Economic Affairs Secretary R Gopalan, has approved 10 road projects with a total cost of Rs 5,000 crore.
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R-Infra to buy stranded road projects
Reliance Infrastructure (R-Infra) is planning to buy out licences to build road projects from companies which had bagged these through the bidding route but are then unable to proceed.
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NHAI has shifted 100% risk to developer: Experts
With shift from the erstwhile revenue-sharing model to fixed premium model under NVGF, NHAI has managed to reduce its own risk. Four of the best road sector experts explain how NVGF works and why it reflects increased competition.
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The fact that bidders believe in good growth over a period of 20-30 years is a vote of confidence
The net present value of the bids NHAI has received this FY from NVGF from 12 projects on DBFOT is to the tune of Rs 16,500 crore. JN Singh, Member (Finance), NHAI, explains to Shashidhar Nanjundaiah why this limited revenue stream will go a long way in all-round road development.
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Wirtgen Group: Drumming up India presence
The German Hamm AG will premiere at the first "bc India". Compacting experts from the Wirtgen Group will present their new type 311 compactor in Mumbai.
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Orissa plans for minor ports connectivity
Seeking road and rail connectivity for minor ports coming up along its coast, the Orissa government has presented a Rs 1,200 crore infrastructure plan to the Government of India (GoI).
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Govt to revive EPC in road bidding
As per the Planning Commission's suggestion, the Union Roads Ministry is workÂing on reviving the Engineering Procurement and Construction (EPC) mode of road bidding.
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NHAI to float Rs 50 bn bonds
National Highways Authority of India (NHAI) is expected to launch tax-free bonds worth about Rs 5,000 crore in the first phase over the next few weeks.