The government has asked highway developers and banks to put their house in order or prepare for their contracts to be terminated.
Tag: NHAI
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Roads & highways – The road ahead: Challenges and possibilities
While the focus is on sprucing up national and state highways, and rightly so, the government must not forget about city, district and rural roads that need to be upgraded to address the burgeoning traffic.
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NHAI okays Rapid Metro´s foot overbridge
The first proposed foot overbridge with escalators to be constructed by the Gurgaon Rapid Metro has got the approval of the NHAI
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NHAI, L&T lock horns over funds
The Union Ministry of Road Transport and Highways has given a jolt to L&T
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Finding the Right Road
The moot question is whether good intent has been accompanied by careful planning.
It was always going to be a difficult job. Roads development, battered and bruised by a heavy load of projects awarded in the recent past, remained stalled for various reasons ranging from land acquisition and bureaucratic red tape to a lack of accountability and transparency in the bidding process.
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7th Annual India Roads Conference 2015
The transformation of India´s roads seems to be a reality now. In February this year, the government pledged to invest Rs 80,000 crore in the sector in the Budget. And now the target is to award 10,000 km by March 2016.
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MEP Infra bags two NHAI toll collection projects
MEP Infrastructure Developers has bagged two projects from National Highways Authority of India for collection of toll for a year at Surjapur Toll Plaza in West Bengal and Dasna Toll Plaza in Uttar Pradesh, the company said.
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Hitting the road
Investing in an infrastructure project isn´t really glamorous, more so if it happens to be a still developing economy like India that needs to first create some basic infrastructure. A new road project or a thermal power plant many not excite as much as investing in a cutting-edge technology start-up in India´s own Silicon Valley, Bengaluru
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Unravelling growth
At 4.87 million km, India has the second largest road network in the world. Transporting over 60 per cent of the country´s goods and serving 85 per cent of total passenger traffic, it is little wonder the Modi Government has accorded the highest priority to developing roads and highways.
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Land acquisition and MOEF clearances have held up projects
Roads and highways sector has observed a significant growth over the past few years compared to the other heavy civil engineering sectors such as power and water. The growth has come, especially in the EPC mode of the business, whereas PPP and annuity based projects have also witnessed a few bids.