The roads sector had witnessed an aggressive bidding during the financial year 2011 and 2012. Projects of over 11,000 km were awarded during these years. But the lack of proper governance affected the execution of most of these projects.
Tag: Highways
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Roads To Recovery
The roads & highways sector is on a resurgent path, with fresh government initiatives for revival of projects, and new models such as hybrid annuity are expected to boost investor sentiment.
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Vishakhapatnam Port poised for major expansion drive
Vishakhapatnam Port is poised for major expansion, with the Minister for Shipping, Road Transport and Highways Nitin Gadkari inaugurating several projects during a recent visit to the port.
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Volatile fuel prices will reduce reliance on conventional fuels
Minister for Shipping, Road Transport and Highways, Nitin Gadkari, has announced big investments in India´s ports and roads sector. These investments are the first step in economic growth, as well-laid infrastructure is a crucial need for improving the efficiency of cargo flow.
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Govt to open automobile clusters near ports
Union Minister for Road Transport, Highways and Shipping, Nitin Gadkari has said that the government is planning to develop automobile clusters near port areas. He said that port-led development under the Sagarmala project is expected to attract Rs 12 lakh crore worth of investment.
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Vishakhapatnam Port poised for expansion
Vishakhapatnam Port is poised for major expansion, with the Minister for Shipping, Road Transport and Highways Nitin Gadkari inaugurating several projects during a recent visit to the port.
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Multimodal logistics parks to come up
The Ministry of Road Transport and Highways has set up a Logistics Efficiency Enhancement Programme, under which it is developing multimodal logistics parks across 11 states in the country.
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Indian investment in highways and ports
The government has allocated a total Gross Budgetary Support (GBS) of Rs.46,834 crore including cess and toll remittance for 2016-17 for the Ministry of Road Transport & Highways.
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Mandaviya takes over as MOS
Mansukh Lal Mandaviya has assumed the charge of Minister of State, Ministry of Road Transport & Highways and Shipping from July 11, 2016. He is a BJP MP (Rajya Sabha) from Gujarat.
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E-tolling on state highways soon
The Electronic Toll Collection (ETC) being rolled out to remove bottlenecks, ensure seamless movement of traffic, and collection of user fee through RFID on the national highway corridors is to be extended to state highways.