The Union Finance Ministry's decision to permit India Infrastructure Finance Corporation (IIFCL) to become the sole lender even at a pre-bid stage has been welcomed by road developers. However, the road developers stated that the exact impact will come to known only after the finer details emerge. The very fact that IIFCL can become the sole lender is a good decision. One of the key points is the project developer would not have to go to multiple banks.
Tag: National Highways Authority of India
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Gurgaon e-way toll up by Rs 60 lakh a month: NHAI
From the 32-lane toll plaza on Gurgaon expressway, the toll collected has been increased by Rs 60 lakh in a single month after the National Highways Authority of India (NHAI) commissioned a survey to monitor collections. This was stated by the NHAI before the Delhi High Court on October 28.
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No cancellation of toll on Jaipur h’way stretch: NHAI
Proposal to suspend toll on the Gurgaon-Jaipur stretch of NH-8 till the completion of widening of the highway was turned down by the board of National Highways Authority of India (NHAI) on October 22.
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Work to start soon on a new bridge near Kolhapur
Work on a parallel bridge to Shivaji Bridge on Panchaganga River, to connect Kolhapur to Konkan area in Maharashtra, is likely to start from next week. The bridge work has been taken up by the National Highways Authority of India (NHAI).
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Struggling highway projects may get package
The Union government plans to extend its rescue package to all struggling highway projects instead of the previously identified 23 projects.
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Pact day announced for Sadbhav road project in Rajasthan
National Highways Authority of India (NHAI) has fixed October 9 as appointed date for a Rs 778-crore worth road widening project in Rajasthan. Infrastructure firm Sadbhav Engineering has bagged the road project from NHAI recently, the company said on October 4.
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NHAI seeks control of Gurgaon expressway
The National Highways Authority of India (NHAI) has sought the Centre to allow it to take over the poorly run Gurgaon expressway from the concessionaire. NHAI has also supported the public's demand of doing away with toll collection on the expressway.
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CCEA may reschedule Rs 98K cr NHAI premium
The Union government may consider to reschedule premium payment worth Rs 98,000 crore to be paid by private road concessionaires to National Highways Authority of India (NHAI) for 23 road projects. The Cabinet Committee on Economic Affairs (CCEA) would soon to consider a proposal in this regard.
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Govt to set up panel to track progress of e’way projects
To track progress of expressway projects, the Union government is to set up a monitoring committee. The move follows when the government found lacking in multiple aspects of three road projects, which were put on fast track by the National Highways Authority of India (NHAI). The Prime Minister's Office had taken note of this and decided to set up the panel.
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NHAI to meet banks before lending to road developers
Feeling that banks are misguided over lending to road developers, the National Highways Authority of India (NHAI) has asked the banks to hold joint meetings with it before lending to road infrastructure projects. NHAI feels that often lenders are either misguided or spend more than what is required on infrastructure projects.