Pratap Padode, Founder, FIRST Construction Council decodes what the finance minister has planned for infrastructure and development. Finance Minister Nirmala Sitharaman continued the thrust on infrastructure as she announced a capital expenditure outlay of ā¹10 trillion for the financial year 2023-24. This would be a 33% increase from the CAPEX allocation announced in the previous...
Tag: National Highways Authority
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RoB projects to get speedy clearance soon
The Union government is getting ministries and departments to work together to get things moving even though big-bang infrastructure initiatives have remained elusive. The often feuding railways and highways ministries, for instance, have decided to
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PPP: The prescription for infrastructure
Most infrastructure projects are generally characterised by time and cost overruns. Political factors impact time overruns more than cost overruns. The new government at the Centre has identified its top priorities and as expected infrastructure is high on the agenda.
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PPP: The prescription for infrastructure
Most infrastructure projects are generally characterised by time and cost overruns. Political factors impact time overruns more than cost overruns. The new government at the Centre has identified its top priorities and as expected infrastructure is high on the agenda.
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GVK faces action over road project
The National Highways Authority of India (NHAI) has served showcause notices for termination and debarment on GVK Transportation for failure to mobilise the needed money for the Rs 2,815-crore Shivpuri-Dewas project in Madhya Pradesh. The company was awarded the project in January 2012.
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GVK cancels highway contract with NHAI
After GMR, now it is GVK Power and Infrastructure which has terminated a contract with the National Highways Authority for building a section of road in Madhya Pradesh. GVK Shivpuri Dewas Expressway, a subsidiary of GVK Power and Infrastructure, has terminated the concession agreement, on January 12, executed by it with NHAI, the company said in a BSE filing on January 14.