In a major fillip for infrastructure development on the Delhi-Gurgaon Expressway, the National Highways Authority of India (NHAI) has opened financial bids for the construction of three crucial underpasses on the highway.
To bring a relief to commuters at the Hero Honda Chowk crossing mess on the Delhi-Gurgaon expressway, the Union Highways Ministry and Haryana government have agreed to construct a flyover at a cost of Rs 100 crore on the existing highway.
When the government takes over the Delhi-Gurgaon Expressway from the concessionaire DS Construction, the lender banks to the project might be forced to take a haircut of more than Rs 1,400 crore. Why because the National Highways Authority of India (NHAI) has informed the consortium of banks, led by IDFC Bank, that the Authority would pay the lenders only Rs 175-200 crore if it takes over the project.
The Delhi Gurgaon Super Connectivity Ltd (DGSCL), the company operating the Delhi-Gurgaon expressway, has collected nearly Rs 900 crore from motorists. According to official figures submitted by the DGSCL, between February 2008 and July 2013, it collected only Rs 893 crore and NHAI got another Rs 77.5 crore as its share. NHAI officials, however, doubt the toll collection figure saying that the hand held devices used to collect toll at recently installed split plazas have not been integrated.
The National Highway Authority of India (NHAI) allowed IDFC to pick up 74 per cent stake in the Delhi-Gurgaon expressway project from its original promoters. Following the acquisition of the controlling stake, IDFC, which is the leading lender to the project, is expected to manage the project efficiently to recover its inves
ETC at toll plazas with interoperability can help reduce peak-hour congestion on urban highways with faster automated toll collection, writes Girish Shirodkar. The Punjab & Haryana High Court opened a new chapter in the Indian infrastructure story, when on September 4, 2012 it forbade toll collection on the busy Delhi-Gurgaon expressway for a period of 15 days, later extended till September 30. Toll collection was restored on October 1 in non-peak hours and on October 8 in peak hours. This is th