The National Highways Authority of India (NHAI) has given a breather to four companies which are on the verge of losing their contracts. Several projects of NHAI have been facing failure to achieve financial closure.
Tag: National Highways Authority of India
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Slowdown hits NHAIÂ’s projects
The National Highways Authority of India (NHAI) awarded a whopping 49 projects totalling 7,500 km last fi nancial year. But this fi scal, in the fi rst six months, the authority has managed to award just four projects measuring 560 km. NHAI attributes this situation to eco-denomic slowdown. Infrastructure companies, who grabbed every road project on offer last fi scal, are now not showing interest to take up these projects. None of the projects awarded last fi scal was on engineering, procuremen
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Slowdown hits NHAI’s projects in this fiscal
The National Highways Authority of India (NHAI) awarded a whopping 49 projects totalling 7,500 km last financial year. but this fiscal, in the first six months, the authority has managed to award just four projects measuring 560 km. NHAI attributes this situation to economic slowdown.
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NHAI to let firms to start projects after land acquisition
The National Highways Authority of India ( NHAI) has decided on rolling out projects only after the contract companies have substantial land required for the project and are given environmental clearance.
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More conditions to get bank funds for road projects
The Union Finance Ministry has cited some suggestions as part of its attempts to improve the risk management practices of the public sector banks (PSBs) with regard to the roads sector.
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NHAI to spend Rs 9,000 cr on projects
The National Highways Authority of India (NHAI) is likely to spend at least Rs 9,000 crore in construction of two-and-half lane highways and this would be a breather to highway developers who were facing acute equity crunch.
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Bracing Up
Since we're in December, it's probably a good time to look back at the year. The 6.9 per cent quarterly growth figures for the previous quarter come in the year's sunset month, and the fiscal year's growth is now downgraded to about 7.3 per cent.
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Widening of NH 7 into six-lane begins
National Highways AuthÂority of India (NHAI) has awaÂrded to Reliance Infrastructure a contract to widen the existing four-lane National Highway No. 7 from Bangalore to Krishnagiri (chainage 33.130 to 93.0) into a six-lane road.
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IVRCL arm bags Rs 1,550 cr highway project
IVRCL Infrastructures and Projects (IVRCL) has bagged a road project, estimated at Rs 1,550 crore, on the NH-59.
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NHAI inaugrates Basai ROB
National Highways Authority of India (NHAI) recently inaugurated a bridge (culvert) over Badshapur drain near Hero Honda Chowk on Delhi-Gurgaon expressway, meanwhile Huda allowed traffic on trial over Basai railway-over-bridge (RoB) on Dwarka expressway.