National Highways Authority of India (NHAI), IndiaĆās nodal road development agency, has warned that almost Rs 98,000 crore of premium revenue from highway builders is in jeopardy after its proposal to reschedule the premium payments due from road developers was turned down by the Union Law Ministry.
Tag: National Highways Authority of India
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Banks to fund road projects if NHAI readies 80% land
If the National Highways Authority of India (NHAI) made available at least 80 per cent of the land for public-private partnership (PPP) road projects, banks can now start lending. Till now, banks had been insisting that the developers take complete control of the land before getting funds.
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NHAI wants PMO’s help to save relinquished road projects
The Prime Minister's Office help has been sought by the National Highways Authority of India (NHAI) for salvaging projects abandoned by the developers and starting those projects that have found no takers till now. The Authority's missive comes even as the government has deferred a much-awaited decision to resuscitate stalled highway projects by allowing an easier exit option for road developers.
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NHAI not in favour of PPP mode for road projects
Media reports say that the National Highways Authority of India's (NHAI) plea to the government to improve financing provisions for highways project has not worked so far. Recently, 19 high projects were bid out, but there were no takers and NHAI now believes that conditions for public-private partnership (PPP) projects are not right.
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Govt says law to decide on paying toll to NHAI
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.
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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