Global fund managers like Morgan Stanley, SBI Macquarie Infrastructure Fund, Uniquest Infra Ventures are showing interest to invest in the country's road sector following the positive policy gestures. The National Highways Authority of India (NHAI) is urging government to allow developers to offload equity as soon as a project is completed. The change is being push
Tag: Highway
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Global funds chase India’s highway sector
Global fund managers like Morgan Stanley, SBI Macquarie Infrastructure Fund, Uniquest Infra Ventures are showing interest to invest in the country's road sector following the positive policy gestures. The National Highways Authority of India (NHAI) is urging government to allow developers to offload equity as soon as a project is completed. The change is being push
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Pace of execution of highway projects slows down
Minister of State for Road Transport and Highways Sarvey Sathyanarayana informed Lok Sabha that the pace of execution of national highway projects has slowed because of various hurdles. The hurdles include delay in land acquisition, shifting of utilities, environmental and forest clearances, the minister informed. He also pointed to the shortage of skilled and semi-skilled manpower and economic slowdown as further road
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Govt decided to extend concessions for stalled road projects
At a recent meeting between finance minister P Chidambaram and road transport minister CP Joshi, it was decided to extend concessions to stranded highway projects under the public private partnership (PPP) mode.The concessions could include the possibility of developers backloading payouts to NHAI in the latter years of the concession period to offer relief early into the
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Govt decided to extend concessions for stalled road projects
At a recent meeting between finance minister P Chidambaram and road transport minister CP Joshi, it was decided to extend concessions to stranded highway projects under the public private partnership (PPP) mode.The concessions could include the possibility of developers backloading payouts to NHAI in the latter years of the concession period to offer relief early into the
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Govt to adopt EPC model again for road projects
Reports indicate that the union government prefers to award road projects on engineering, procurement and construction (EPC) model because of poor interest shown by developers for PPP (BOT) model. It is learnt that the recent award of road projects witnessed a considerable decline in the number of bidders on the BOT toll basis
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Govt to adopt EPC model again for road projects
Reports indicate that the union government prefers to award road projects on engineering, procurement and construction (EPC) model because of poor interest shown by developers for PPP (BOT) model. It is learnt that the recent award of road projects witnessed a considerable decline in the number of bidders on the BOT toll basis
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Cabinet gives in principle nod for Rs 385 bn road projects
In order to cover unconnected habitations in Naxal-affected districts and areas of Arunachal Pradesh bordering China, union cabinet gave "in principle" approval for Rs 38,500 crore road projects. These projects would be implemented in 82 Naxal-affected districts where the population is 100 persons and above (as per the 2001 census) and areas of Arun
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Minister expects East-West Corridor to be ready by end 2014
Union Transport Minister CP Joshi informed media persons that work on 431 km of the 670-km East-West Corridor in Assam is over and the entire project would be completed by December 2014.He said the project is in progress against many odds like law and order problem, unfavourable weather conditions
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Ministry waives nod of gram sabha for linear infra projects
In order to address delay in projects, Union Environment and Forests Minister Jayanthi Natarajan allowed linear infrastructure projects, such as roads, transmission lines and gas pipelines to skip approval from gram sabhas. Under the Forest Rights Act, these projects required the approval of gram sabhas. The decision was taken con