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.
Tag: Highway projects
Post
Post
CCEA nod for highway projects worth Rs.5529 cr
The Cabinet Committee on Economic Affairs (CCEA) has given approval to three highway projects in Haryana, Uttar Pradesh and Maharashtra. These three highway projects with total length of more than 300 km, have an estimated cost of Rs 5529 crore.
Post
Recourse in a financial dry-up
In order to execute mega specialised projects, one of the important requirements is new technology equipment. DK Vyas elaborates on the financing issues in the procurement and use of such equipment. The construction industry in India is the second largest industry after agriculture
Post
Panel on highway projects to have five members
The government proposed committee, headed by C Rangarajan, to resolve inter-ministerial differences over the proposal to reschedule premium payments for a clutch of highway projects will have five members, say sources.
Post
Struggling highway projects may get package
The Union government plans to extend its rescue package to all struggling highway projects instead of the previously identified 23 projects.
Post
Govt proposes to cut toll tax on delayed road projects
The Union Road Secretary Vijay Chibber has said that the toll tax should be reduced on the proposed highway projects if they are delayed and there is reduction in quality of roads and also in the available space for the commuters.
Post
Govt mulls rescue plan for highway-project defaulters
The Union government, upset by several jammed highway projects, plans to re-negotiate contracts worth Rs 99,000 crore with some of the private developers to give them payment concessions, instead of imposing penalties. The government's grand rescue plan, billed as a one-time measure, is in the final stages of approval and involves 23 concessionaires (the private parties) and a total project cost of Rs 34,000 crore ($5.2 billion).
Post
NHAI cancels road projects due to delay
The board of National Highways Authority of India (NHAI) cancelled three road projects which have seen no progress in implementation despite being awarded. The authority decided to cancel at least five such projects including the above three projects.
Post
Centre clears 1.1 lakh cr big ticket infra projects
In a big relief to investors, the Union Government has cleared big-ticket investment projects worth Rs 1.1 lakh crore. The projects were held up for years for want of several government clearances.
Post
NHAI drops highway projects worth Rs 4,000 cr
As the National Highways Authority of India (NHAI) could not acquire land required for road construction, it has scrapped highway projects worth Rs 4,000 crore in Goa and Kerala states. Referring the NHAI's inability to build the 4,000 crore highways, the Federation of National Highway Builders said that a new land acquisition law for public purpose has to be implemented and coordination between NHAI and State governments should be more.