GVK Power & Infrastructure may request National Highways Authority of India (NHAI) to reschedule its premium payment for a highway project in Madhya Pradesh. Media reports suggest that the company may submit a proposal to the NHAI on the lines of infrastructure major GMR Infrastructure
Tag: National Highways Authority of India
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61 firms pre-qualified for NHAI’s highway bidding
To participate directly in the financial bidding for highway projects in 2013 the National Highways Authority of India (NHAI) has pre-qualified 61 infrastructure companies. In the list, there are two companies that can bid for projects involving capital cost of Rs 14,411 crore. Three firms in the list can put in financial bids directly for the highway construction projects of between Rs 8,000 crore and Rs 10,000 crore.
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NHAI to award 4,000 km of roads in FY14
The National Highways Authority of India (NHAI) plans to award up to 4,000 km of roads through EPC (engineering, procurement and construction) contracts in 2013-14, largely to overcome the funding issues in the BOT –– build, operate and transfer –– contracts. The authority still has to chart a plan for the BOT segment that generated a meek response from the companies.
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Highway projects worth Rs 1,900 cr get poor response
Country-wide highway projects worth over Rs 1,900 crore have found no takers even though these are based on the annuity model under which the concessionaire recovers a fixed amount of the investment from the government each year, a situation that officials say reflects the severe financial crunch in the private sector. The projects, for four-laning 177 km along NH-37 in Assam, are part of the Special Accelerated Road Development Programme in the North East approved by the Cabinet earlier this mo
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Govt to review NHAI-GMR proposal over premium payment
The National Highways Authority of India's (NHAI's) recommendation with regard to road developers' premium payment is likely to be reviewed by the Union Road Ministry. The Ministry will review NHAI's recommendation to defer payment of premium by companies like GMR who has agreed to certain conditions by the Authority to ensure they do not leave the project after the government approves the proposal.
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Crucial river bridge on NH-6 near Kolkata completed
A crucial river-bridge on NH-6 near Kolaghat, approximately 70 km from Kolkata, was completed on April 1. Developed by the Mumbai-based Ashoka Buildcon, the 1.2-km bridge over Roopnarayan River was a Golden Quadrilateral project undertaken by National Highways Authority of India in 2001.
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Highway construction reaches 15 km a day
Construction and expansion of national highways touched 15 km a day during 2012-13, registering an increase of over 4 km per day. Though this is much less than the government's commitment to construct 20 km per day, it has come as a relief to the Union Highways Ministry and National Highways Authority of India (NHAI) in light of very few projects on public-private-partnership (PPP) being bagged by highway developers.
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Goa–Kundapur h’way to be upgraded at Rs 2,600 cr
By spending Rs 2,600 crore the Kundapur-Goa National Highway is going to be upgraded into four-lane road. The National Highways Authority of India (NHAI) and IRB Infrasgtructure Developers have signed an agreement to convert the NH 17 from the present two-lane to four-lane highway. IRB has sought a grant of Rs 536.22 crore from NHAI to execute the project.
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IL&FS gets Rs 1,348.20 cr NHAI project in Maha
The National Highways Authority of India's (NHAI) project of four-laning of Khed-Sinnar Section of NH-50 has been bagged by the IL&FS Transportation Networks. The stretch is in Maharashtra. The project work is from Km 42.000 to Km 177.000 (Design Length - 137.946 km) under the Phase IV B in Maharashtra on DBFOT basis.
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Plan panel differs on powers of the proposed road regulator
Recently, an inter-ministerial meeting was held for the first time to discuss the proposal to set up a regulator for the road sector. The meeting was attended by the officials from the finance ministry, the law ministry and the National Highways Authority of India (NHAI). During the meeting, Planning Commission expressed strong reservations over giving the proposed regul