Union Ministry of Road Transport and Highways on May 16 said everything will be done within the legal framework on the issue of allowing highway developers to collect toll now and pay the government later, said the Ministry's Secretary Vijay Chibber. There were reports that the Law Ministry overturned a decision of the National Highways Authority of India (NHAI) to allow road companies to collect toll from highway users first and pay the authority later.
Tag: National Highways Authority of India
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NHAI, IL&FS ink deal on Rs 16.6 bn road project
National Highways Authority of India (NHAI) signed concession agreement with IL&FS Transportation for a Rs 1,665 crore road project in Jharkhand and West Bengal. The contract involves six-laning of Barwa-Adda-Panagarh section of national highway (NH 2) and it would be executed by Barwa-Adda Expressway, a subsidiary of IL&FS Transportation
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Work on FOB in Gurgaon awaits funds
In Gurgaon, work on constructing a foot overbridge (FOB) at Hero Honda Chowk is awaiting funds from the National Highways Authority of India (NHAI) and necessary approval to start the work. The Haryana Urban Development Authority (HUDA) has written to the NHAI about the project which the two departments have to jointly fund. A senior HUDA official said that the DPR of the project has been prepared and submitted to the NHAI for approval.
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IL&FS ties-up with NHAI for Rs 1,665 cr project in 2 states
Infrastructure firm IL&FS Transportation on May 9 said it has signed a pact with National Highways Authority of India (NHAI) for Rs 1,665 crore road project in Jharkhand and West Bengal. The company said that the concession agreement for six-laning of Barwa-Adda-Panagarh section of NH 2 was signed between NHAI and Barwa-Adda Expressway, a subsidiary of the company incluidng Panagarh bypass.
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ILFS arm signs pact with NHAI
According to a filing with the stock exchange, IL&FS Transportation Networks signed a Concession Agreement with National Highways Authority of India (NHAI) for four laning of Khed - Sinnar Section of NH-50 under Phase IV B in Maharashtra. The firm would execute the project on DBF
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Developers bid aggressively for EPC projects
National Highways Authority of India (NHAI) offered five of the six road projects awarded in April 2013, covering a total length of 339 km, under the engineering procurement construction or (EPC) mode. The authority awarded the remaining one project on the BOT-toll (build operate transfer) model, the predominant format under which projects were being offer
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NHAI loses Rs 874 cr on project delays: CAG
The National Highways Authority of India (NHAI) has incurred a loss of around Rs 873.85 crore due to delay in completion of port road connectivity (PRC) projects. This was stated by the Comptroller and Auditor General of India (CAG) and it observed this while reviewing the operations of special purpose vehicles (SPVs) formed for implementation of PRC projects that connect major ports.
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Developers of 25 highway projects back out, NHAI worried
Road developers of 25 highway projects, which were allotted to them over a year ago, have been backed out. With this, the National Highways Authority of India (NHAI) has appealed to the government to step in and take a call on rescheduling of premium payment to the developers. These road developers state that delays in statutory clearances, fall in traffic density due to adverse economic conditions in the country besides higher costs of raw materials has resulted in them wanting out of these pr
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NHAI to go for out-of-court settlements
Out-of-court settlement of disputes is being pursued by the National Highways Authority of India (NHAI) to fast-track highway construction. Developers have made claims of Rs 10,000 crore in several build-operate-transfer projects. Many of these cases have gone to arbitration, locking up funds for developers already squeezed by a drought of bank finance, delayed clearances and overall economic gloom.
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Ministry asks NHAI to sort out row with road developers
The Union Road Transport Ministry and Highways has asked the National Highways Authority of India (NHAI) to expedite the process of resolving disputes with highway developers by the independent committee set up under the Authority to review individual cases and send its recommendations to the NHAI board. Since its inception earlier this year, the committee has taken up seven cases of pending claims but is yet to resolve any of them, said ministry officials.