The Union Highway Ministry, while favouring a proposal to restructure premium paid by developers to the National Highways Authority of India (NHAI), has put in a few caveats. In the tweaked proposal, the Ministry has suggested that the premium paid by a developer during the initial years cannot be lower than the toll revenue collected from that highway stretch. The developer cannot use toll revenues to widen the highway, said a source.
Tag: National Highways Authority of India
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Road developers see polls to slow NHAI targets
Coming elections in the country are going to cause delay in road works. Road developers are set to see challenging business environment as the National Highways Authority of India (NHAI), which missed project award targets in the last year by a huge margin, may not meet them.
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NHAI says 70% land available for NH31D four-laning
The data by National Highways Authority of India (NHAI) shows that nearly 70 per cent of the land required for four-laning NH31D is already available, but because of land problems, 327 hectares has not been acquired yet. NHAI has given the data to the Union Ministry of Economic Affairs for action. The total land required to make the highway four-lane is 1,072 hectares (2,648 acres), NHAI said.
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Ministry wants banks to ease land norms for road projects
Banks have been asked by the union finance ministry to disburse loan to road projects developers who have acquired 80 per cent of the required land instead of the existing norm of 100 per cent.
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Absence of safety measures lead to killing of pillion rider
The National Highways Authority of India (NHAI) on May 27 admitted that no safety measures were planned at the Indiranagar underpass of Nashik, where a 22-year-old was killed on May 25. Pankaj Shinde of Yashaswi apartment, Tornanagar, was killed when the motorcycle he was riding pillion was knocked down by an unidentified vehicle at the recently constructed Indiranagar underpass beneath the city's iconic 5.6-km flyover on the Mumbai-Agra highway during the wee hours of Saturday.
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NHAI’s plea to govt for recast of premium payment
National Highways Authority of India (NHAI), IndiaÂ’s nodal road development agency, has warned that almost Rs 98,000 crore of premium revenue from highway builders is in jeopardy after its proposal to reschedule the premium payments due from road developers was turned down by the Union Law Ministry.
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Banks to fund road projects if NHAI readies 80% land
If the National Highways Authority of India (NHAI) made available at least 80 per cent of the land for public-private partnership (PPP) road projects, banks can now start lending. Till now, banks had been insisting that the developers take complete control of the land before getting funds.
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NHAI wants PMO’s help to save relinquished road projects
The Prime Minister's Office help has been sought by the National Highways Authority of India (NHAI) for salvaging projects abandoned by the developers and starting those projects that have found no takers till now. The Authority's missive comes even as the government has deferred a much-awaited decision to resuscitate stalled highway projects by allowing an easier exit option for road developers.
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NHAI not in favour of PPP mode for road projects
Media reports say that the National Highways Authority of India's (NHAI) plea to the government to improve financing provisions for highways project has not worked so far. Recently, 19 high projects were bid out, but there were no takers and NHAI now believes that conditions for public-private partnership (PPP) projects are not right.
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Govt says law to decide on paying toll to NHAI
Union Ministry of Road Transport and Highways on May 16 said everything will be done within the legal framework on the issue of allowing highway developers to collect toll now and pay the government later, said the Ministry's Secretary Vijay Chibber. There were reports that the Law Ministry overturned a decision of the National Highways Authority of India (NHAI) to allow road companies to collect toll from highway users first and pay the authority later.