The Union government may consider to reschedule premium payment worth Rs 98,000 crore to be paid by private road concessionaires to National Highways Authority of India (NHAI) for 23 road projects. The Cabinet Committee on Economic Affairs (CCEA) would soon to consider a proposal in this regard.
Category: Roads & Highways
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Navi Mumbai’s two key roads to get flyovers
The Mumbai Metropolitan Regional Development Authority (MMRDA) will construct flyovers on Palm Beach Road and Thane-Belapur Road in Navi Mumbai to decongest traffic on the two main roads. This was stated by the Maharashtra State Chief Minister Prithviraj Chavan.
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Rs 44 cr for Hyderabad Outer Ring Road development
In Hyderabad, Rs 44 crore will be spent on the maintenance of Outer Ring Road (ORR) stretches for the next three years. Stretches between Gachibowli and Shamshabad, Patancheru and Shamirpet and Shamirpet and Pedda Amberpet (nearing completion) will be taken up for road works.
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No SBI loans to road projects with land issues
Proposed road projects that have not finished the acquisition of the required land for the purpose will not get loans from State Bank of India (SBI). The decision has been taken by SBI on the requisition of Central Bureau of Investigation and Chief Vigilance Commission. SBI is IndiaÂ’s biggest moneylender.
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Bengal govt to widen roads to aid industries
To help industrialisation in West Bengal, the State government will improve road connectivity by widening nearly 4,000 km of State highways, said the State Commerce and Industries Minister Partha Chatterjee. Widening of around 1,000-km State highway is likely to be completed this year, he added.
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BRO to start work on Reasi road in J&K
In Jammu and Kashmir, the Border Roads Organisation (BRO) on September 27 started construction of Reasi-Mahore road and submitted compliance report after the District Magistrate initiated criminal proceedings against its Chief Engineer and notice served up the DG BRO for bad condition of roads in Reasi.
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BSRDC awards AIIMS-Digha road project to Gammon
In Patna, once the 12 km-long AIIMS-Digha corridor completed, the road will provide much relief from the traffic congestion in the city, particularly on the narrow Ashok Rajpath as it would be connected with the Ganga Path at Digha end.
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Private highway developers’ plea for relief
Citing the continuing economic slowdown that has impacted their projects, private highway developers are urging the Union government for maximum relief. Road builders like IRB, L&T, Reliance Infra, Ashoka Buildcon and Essel Infraprojects have started 16 premium projects and they want the government to allow rescheduling of annual premium payment.
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Nod to 4-laning of Jorhat-Demow h’way stretch in Assam
The Cabinet Committee on Economic Affairs (CCEA) has given its approval for four laning of the Jorhat to Demow section of National Highway-37 in Assam. The approval has been given under the Special Accelerated Road Development Programme in North Eastern Region (SARDP-NE) Phase ‘A’ on Build, Operate and Transfer (BOT-Annuity) in Design, Build, Finance, Operate and Transfer (DBFOT) pattern.
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Centre okays Rs 2,000 cr JNPT road project
A project to upgrade a road to Jawaharlal Nehru Port (JNPT) in Mumbai has been approved by the Union government on September 23. The road project involves a total expenditure of Rs 1,943.37 crore. The Cabinet Committee on Economic Affairs (CCEA) approved the road development project, to be undertaken by Mumbai JNPT Port Road Company (MJPRCL).