The National Highways Authority of India (NHAI) has awarded two contracts worth Rs.3,918 crore in Karnataka under NHDP. The projects on NH 63 include ´four-laning of Hubli-Hospet section at Rs.2,293 crore to BSCPL-KNR (JV) and four-six laning of Hospet-Bellary-Karnataka/AP border Section for Rs.1,625 crore to Gammon India Ltd,´ the Ministry of Road Transport and Highways said.
Category: Roads & Highways
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Dilip Buildcon bags NHAI contracts
The National Highways Authority of India (NHAI) awarded four-laning contract for the Lucknow-Sultanpur highway section in Uttar Pradesh to Dilip Buildcon.
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Rs.14000 cr to spur electric car use
The Transport Ministry is analysing the most appropriate ways to implement a policy called FAME (Faster Adoption and Manufacturing of Hybrid and Electrical Vehicles. The Hindu reports that the introduction of hybrid and electrical vehicles in India will have positive spin-offs both for the economy as well as the environment.
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NHAI awards Rs 2,845 crore UP four-laning contract to Dilip Buildcon
The National Highways Authority of India (NHAI) has awarded the four-laning contract for the Lucknow–Sultanpur highway section in Uttar Pradesh to Dilip Buildcon.
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National Civil Aviation Policy to develop infra, boost tourism
Ashok Gajapathi Raju Pusapati, Minister of Civil Aviation, has said that the government has taken a number of initiatives to make tourism affordable and accessible to the international traveller. He was speaking at a plenary session on ‘Core Infrastructure for Tourism’ at the Incredible India Tourism Investors’ Summit organised by the Ministry of Tourism in partnership with the Confederation of Indian Industry and the Tourism Finance Corporation of India.
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Gadkari lays foundation stones for 12 National Highway projects
Punjab witnessed a major step towards world class road connectivity in all major cities as Union Minister for Road Transport, Highways & Shipping Nitin Gadkari laid the foundation stones of 12 major National Highway projects worth Rs 10,596.19 crore at Ropar, Samrala and Jalandhar in the state.
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Country Roads, City Roads, and the Roads in between
Many of us know that the celebrated economist John Maynard Keynes famously said that (in times of slowdown) the government should pay people to dig holes in the ground and then fill them up
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The focus on EPC has given a fillip to road industry
The roads sector had witnessed an aggressive bidding during the financial year 2011 and 2012. Projects of over 11,000 km were awarded during these years. But the lack of proper governance affected the execution of most of these projects.
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Competition Picks Up in HAM
Macro developments suggest positive trends in the road sector with pickup in execution. Recent bids under the Hybrid Annuity Model (HAM) in May-June have seen participation increasing from two-four players to seven-eight players as the risk-reward equation is favourable.
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Roads To Recovery
The roads & highways sector is on a resurgent path, with fresh government initiatives for revival of projects, and new models such as hybrid annuity are expected to boost investor sentiment.