Government plans to give some concessions to financially strained highway project developers in order to fast-track execution of projects in the sector. It may be noted that the NHAI has been able to award contracts to build under 1,000 km of highways so far in 2012-13 compared to the revised target of 4,800 km in the entire financial
Tag: National Highways Authority of India
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Ministry dilutes stance on clearance for road projects
In a clarification to the Supreme Court, the union ministry of environment and forests informed that road developers need not secure clearance to begin work on that part of a highway project falling in non-forest areas. But one of the conditions imposed by the ministry is that if a highway was to pass through a patch of forest, the
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NHAI to expanded h’ways in Vizag into six lanes
In Visakhapatnam, traffic jams on arterial roads will become a thing of the past once National Highways Authority of IndiaÂ’s (NHAI) ambitious plan to expand highways into six lanes at a cost of Rs 863 crore becomes a reality.
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Centre plans bailout for highway companies
As several of road developers are are under stress and are finding it tough to raise debt and equity to finance projects the National Highways Authority of India (NHAI) is seeking to push a relief package for road developers. The agency is looking at allowing a staggered payment which will allow developers to pay a lower upfront premium this year and instead postpone a part of the amount during the latter part of the contract period to make the projects viable.
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NHAI to have final say on road alignment in Kerala
The Kerala government will no longer push for any comprehensive changes in the alignments fixed by National Highways Authority of India (NHAI) for widening of highways in Kerala. Emphasising its stand, the State government has decided to set up a committee chaired by the chief secretary for rectifying mistakes, if any, at places where there is serious problems and for protecting the places of worship from demolition.
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Road infra cos face problems as banks are wary of lending
Hyderabad-based IVRCL won a contract from the National Highways Authority of India (NHAI) on March 31 last year, to develop a 121-km stretch of road between Rajahmundry and Gundugolanu in Andhra Pradesh. Almost a year later, the company has still not managed to arrange bank loans for the Rs 1,617 crore project.
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Highway developers may get compensation for delays
The Union government on February 19 deliberated on providing compensation to road project developers for delays in obtaining environment clearances and land acquisition, besides providing early exits to highway developers. The issues were discussed in a meeting between the Prime Minister's Office, the Ministry of Road Transport and Highways and the National Highways Authority of India.
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Highway developers may get compensation for delays
The Union government on February 19 deliberated on providing compensation to road project developers for delays in obtaining environment clearances and land acquisition, besides providing early exits to highway developers. The issues were discussed in a meeting between the Prime Minister's Office, the Ministry of Road Transport and Highways and the National Highways Authority of India.
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Encroachments on Madurai-Theni h’way removed
Officials of the National Highways Authority of India (NHAI), Madurai division carried out an encroachment eviction drive at two places along the Madurai - Theni national highway (NH) on February 19. More than 150 temporary encroachments in front of the shops between Kalavasal Signal and Mudakkusalai were removed with the help of an earth moving vehicle.
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Encroachments on Madurai-Theni h’way removed
Officials of the National Highways Authority of India (NHAI), Madurai division carried out an encroachment eviction drive at two places along the Madurai - Theni national highway (NH) on February 19. More than 150 temporary encroachments in front of the shops between Kalavasal Signal and Mudakkusalai were removed with the help of an earth moving vehicle.