Union Road Minister Oscar Fernandes has declined to comment on the government permitting premium rescheduling for highways projects after two days the Cabinet took a decision on permitting premium rescheduling for highways projects.
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IL&FS, East Nippon E’way to take up projects jointly
To implement highways projects jointly under public private partnership (PPP) mode IL&FS Transportation Networks has got into a partnership with East Nippon Expressway Company. IL&FS Transportation Networks is a subsidiary of leading infrastructure developer IL&FS while Nippon Expressway Company (NEXCO East) is a Japanese expressway construction and operation firm.
Ministry pitches for e-tendering
The Ministry of Road Transport and Highways has asked NHAI and states to striÂctly adopt e-tendering system for better transparency in highways projects, saying it is not being properly implemented.