Revised RFP provisions issued by NHAI are expected to raise execution standards, minimise delays, and reduce lifecycle costs across India’s national highway network. The National Highways Authority of India (NHAI) has issued a detailed clarification on key provisions of its Request for Proposal (RFP) framework, aimed at tightening contractor qualification norms, curbing unauthorised subcontracting, and...
Tag: Highway projects
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Gadkari Lays Foundation for 9 Highway Projects in Tripura
Union Minister for Road Transport & Highways & Micro, Small and Medium Enterprises (MSMEs), Nitin Gadkari virtually laid the foundation stones of nine national highway projects with a total length of nearly 262 km worth over Rs 27.52 billion in Tripura on Tuesday.
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GST will lead to savings of 10-12% of overall supply chain cost
Shripad Ranade, Practice Head – Automotive & Engineering, Tata Strategic Management Group, explores the impact of government policies and the latest technical developments, on the construction and mining equipment sector.
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More infra funds on the anvil
The government plans three more sector-specific sub-funds, including for development of airports and ports, under the Rs.40,000 crore National Investment and Infrastructure Fund (NIIF), reports the Business Standard.
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NHAI to build roads connecting export hubs with ports
The NHAI is identifying highway projects connecting export hubs with port cities. The government has already identified industrial corridor Delhi-Mumbai, Amritsar-Kolkata, Chennai-Visakhapatnam and Chennai-Bengaluru to connect the hinterland with the ports.
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Hybrid Annuity model for implementing highway projects approved
The Cabinet Committee on Economic Affairs, chaired by the PM Narendra Modi, has given its approval for the Hybrid Annuity Model as one of the modes of delivery for implementing the Highway Projects.
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Road ministry likely to rebid stuck projs
As a meeting in New Delhi between the government, lenders and concessionaires could not find solutions to 10 of the 19 languishing highway projects, the road ministry is likely to restructure and rebid them.
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Govt´s ultimatum to road developers
Running out of patience for their ¨lack of commitment and lackadaisical approach¨, the government has warned non-serious developers and bankers of terminating highway
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Opening the funds tap
A stronger thrust on PPP projects, greater FDI and steady government support can help Indian Railways, one of the world´s largest rail networks, emerge from the rut.
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100% stake sale cleared in BOT projects
The Cabinet Committee on Economic Affairs has amended its earlier approval dated May 13, 2015, for permitting 100 per cent equity divestment after two years of construction completion for all BOT projects, irrespective of year of award.