The Union government plans to extend its rescue package to all struggling highway projects instead of the previously identified 23 projects.
Tag: National Highways Authority of India
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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.
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Work on Jaipur-Gurgaon h’way stretch to pick up pace
Media reports say that now the decks have been cleared for speeding up of the widening of Jaipur-Gurgaon stretch of national highway (NH -8), which has been pending since a long time. Authorities discussed the pending issue on September 10. It is said that consensus has been reached on the issue between officials of the National Highways Authority of India (NHAI) and the Rajasthan State government.
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Gurgaon E’way: Banks may take a Rs 1,400 cr haircut
When the government takes over the Delhi-Gurgaon Expressway from the concessionaire DS Construction, the lender banks to the project might be forced to take a haircut of more than Rs 1,400 crore. Why because the National Highways Authority of India (NHAI) has informed the consortium of banks, led by IDFC Bank, that the Authority would pay the lenders only Rs 175-200 crore if it takes over the project.
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Proposal to stop toll collection on incomplete roads
A proposal has been made to the government to stop private developers from collecting toll on highway widening projects during the construction phase, if the project falls behind schedule. The proposal has been made by the National Highways Authority of India (NHAI) and it is being studied by the Union Ministry for Road Transport and Highways.
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NHAI tells govt to cancel stalled road projects amicably
The National Highways Authority of India (NHAI) has suggested the Union Highways Ministry to see that the road project contracts are cancelled amicably than wasting time in trying to revive the projects. And it also urged the Ministry to deal with the developers in a way that the project contracts are cancelled amicably.