Gammon Infrastructure and National Highways Authority of India (NHAI) have mutually agreed to terminate concession agreements of two NHAI road projects, as they remained non-starters due to lack of land clearances,
Tag: NHAI
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Bailout or sell-out
The dance of democracy will unfold soon, as the poll dates have been announced. While the political fraternity gets down to the poll mathematics, the entire nation awaits the results with a hope of a stable government that can push growth volumes.
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NHAI to float bids for road projects in TN
The National Highways Authority of India (NHAI) will float bids for three important road projects in Tamil Nadu. These roads will connect Rameswaram reducing the travel time to the pilgrim island by road. NHAI has so far completed work in the 90 km stretch in the two-lane highway between Tiruchi and Ramanathapuram via Karaikudi. This highway with paved shoulders on NH 210 has been executed at a cost of Rs 374 crore.
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Bankers are not mere lenders, they should be accepted as partners
Corporates should treat banks as partners, and that will help in solving many problems. MV Tanksale, Chief Executive, Indian Banks' Association, tells Rahul Kamat that with new banks coming in, there will be intense competition
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A Disconcerting Year For PPP Ends
This year was truly a vortex of a perfect storm, yet it has been a year of contrasts. The Indian industry is in dire need of political stability and the strength of leadership at the Centre, but at the same time, India recently overtook China as the most attractive investment destination in the world. This year, foreign institutional investment (FII) is at its peak, having crossed Rs 1 lakh crore.
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Can NHAI really help?
The current levels of stress have been harsh on the road sector as a whole, indicating that there could be further deterioration in credit quality. While describing the current concerns of the toll roads sector, R Venkataraman believes the various steps taken by NHAI may not greatly help the ailing sector.
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Panel suggestions to bring relief to hway developers
The C Rangarajan Committee is expected to suggest reduction and deferment of premium to be paid by road developers to National Highways Authority of India (NHAI). Hence, with the panel measures, several highway developers are set to get major relief. Rangarajan committee is likely to recommend that for six-laning of highway projects, at least 25 per cent reduction in annual premium payment to NHAI during construction period and about 50 per cent during subsequent years.
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Nod to 14 highway projects under EPC mode
As the Union government failed to draw bids under the public-private partnership (PPP) model for road projects, the Union Road Ministry has approved 14 highway projects to be bid under the engineering, procurement and construction (EPC) model to attract private investments.
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Nod to 14 highway projects under EPC mode
As the Union government failed to draw bids under the public-private partnership (PPP) model for road projects, the Union Road Ministry has approved 14 highway projects to be bid under the engineering, procurement and construction (EPC) model to attract private investments.
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Improvement of two key roads
The Gurgaon-Sohna Road and Southern Peripheral Road should be strengthened to handle more traffic before it starts building a flyover at Hero Honda Chowk on the Delhi-Gurgaon expressway, the National Highways Authority of India (NHAI) has said.