In the highway sector, the Union government paved the way for developers to exit projects in between by diluting equity in favour of an interested company.
Tag: NHAI
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State govt acquires land for highway widening project
Karnataka government is reportedly in the process of acquiring land for the proposed six-laning of the Bangalore-Mysore highway, which is currently a four-lane stretch. The state Public works department would place the proposal for the project before the National Highways Authority of India (NHAI). The existing 4-lane stretch is not sufficient to carry about 70,000 vehicles that ferry through the route daily
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State govt acquires land for highway widening project
Karnataka government is reportedly in the process of acquiring land for the proposed six-laning of the Bangalore-Mysore highway, which is currently a four-lane stretch. The state Public works department would place the proposal for the project before the National Highways Authority of India (NHAI). The existing 4-lane stretch is not sufficient to carry about 70,000 vehicles that ferry through the route daily
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Facilitation of harmonious substitution of Concessionaire in the ongoing and completed National Highway Projects
The Cabinet Committee on Economic Affairs today approved the proposal to facilitate harmonious substitution of Concessionaire in ongoing and completed National Highway Projects.
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Reinforcing safety
Ultra-high performance fibre-reinforced concrete is considered the core for building the future of any nation. This high performance material allows the construction of sustainable and economic buildings with an extraordinarily slim design. Its high strength and ductility makes it the ultimate building material, writes A Shivkamal.
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NHAI makes a case for premium rescheduling
For the proposal of road projects' premium rescheduling, the National Highways Authority of India (NHAI) has put up a few broad points. First, the proposal neither adversely impacts the net revenue implication for the NHAI over contract period of project,
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Banks to fund road projects if NHAI readies 80 per cent land
If the National Highways Authority of India (NHAI) made available at least 80 per cent of the land required for public-private partnership (PPP) road projects, banks can now start lending.
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NHAI, IL&FS ink deal on Rs 16.6 bn road project
National Highways Authority of India (NHAI) signed concession agreement with IL&FS Transportation for a Rs 1,665 crore road project in Jharkhand and West Bengal. The contract involves six-laning of Barwa-Adda-Panagarh section of national highway (NH 2) and it would be executed by Barwa-Adda Expressway, a subsidiary of IL&FS Transportation
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ILFS arm signs pact with NHAI
According to a filing with the stock exchange, IL&FS Transportation Networks signed a Concession Agreement with National Highways Authority of India (NHAI) for four laning of Khed - Sinnar Section of NH-50 under Phase IV B in Maharashtra. The firm would execute the project on DBF
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Developers bid aggressively for EPC projects
National Highways Authority of India (NHAI) offered five of the six road projects awarded in April 2013, covering a total length of 339 km, under the engineering procurement construction or (EPC) mode. The authority awarded the remaining one project on the BOT-toll (build operate transfer) model, the predominant format under which projects were being offer