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
Tag: NHAI
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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
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CII recommendations: Issues in infrastructure
In order to make the Indian infrastructure sector viable and capable, the CII has recommended on some key policy issues. The Industry body has sought that these recommended key steps will give a fillip to investment in the sector.
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NHAI to empanel agencies for traffic audit
National Highway Authority of India (NHAI) wants the concessionaire of the Gurgaon expressway project to remove one of the toll plazas at the expressway in order to avoid traffic snarls.
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GVK may seek recast of premium payment for 330 km project
GVK Power & Infrastructure may request National Highways Authority of India (NHAI) to reschedule its premium payment for a highway project in Madhya Pradesh. Media reports suggest that the company may submit a proposal to the NHAI on the lines of infrastructure major GMR Infrastructure
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Planning Commission faces flak for delays in road sector
Planning Commission has reportedly been criticised by members of the parliamentary committee on road transport for causing delay in decision making by NHAI and the Union Highways Ministry by raising objections to contract conditions.
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Project finance: Time for calculating the risks
Employing probabilistic risk models could provide an objective basis of evaluating and tracking risks as they wax and wane through the project stages. Infrastructure projects are all about taking calculated risks, but before taking the risks, one needs to calculate them well,
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Policy: A welcome move, but
We should guard against the risk of viewing the mere constitution of a regulator as a panacea for all the problems facing the sector, writes S Nandakumar.
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Roads: Opportunity for new players?
The need of the hour is positive policy making from government while private sector should contribute by innovation and informed risk taking,