In a recent development to the problems surrounding the Delhi-Gurgaon expressway, NHAI has now said that it wants the lead banker of the project, IDFC to takeover the project completely.
Tag: NHAI
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Ministry may miss 9,500 km road project target
Agency reports suggest that the union road ministry may not be able to award 9,500 km of projects, as was targeted, by the end of 2012-13 because several reasons like delays in environment clearances. Between Apr-Dec 2012, the ministry could award contracts for only 1,100 km of road projects. The main fact
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NHAI open to out of court settlement with green min
Reports suggest that National Highways Authority of India (NHAI) is open for an out-of-court settlement on the issue of de-linking environment clearances from forest if the environment ministry agrees. In a petition filed at the Supreme Court, NHAI called for delinking of environment approval from forest clearance to hasten highway development
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GVK terminates pact for highway project
GVK Power and Infrastructure terminated an agreement it had with the National Highways Authority of India (NHAI) to convert the Shivpuri-Dewas section of National Highway 3 into four lanes, involving 1,330 lane km. In a filing at stock exchange, the firm said the termination of the agreement for the highway project in Madhya Pradesh was in line with clause 34.8 of the conc
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Infra firms face hardships over road projects
Finding it difficult to close road contracts undertaken in the build-operate-transfer mode due to delays construction companies are in a quandary over National Highway and State road projects. They are now looking at new norms that place emphasis on the equipment, procurement and construction (EPC) approach.
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NHAI may sue environment ministry for delaying nod to projects
National Highways Authority of India (NHAI) is considering to drag union environment ministry to the court because of delay in granting environment clearance for road projects. It may be noted that recently road developer GMR Infrastructure withdrew from the contract to develop a meg
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Odisha govt proposes port connectivity projects
Odisha government proposed the National Highways Authority of India (NHAI) to upgrade road connectivity to six non-major ports in Astarang, Baliharchandi, Gopalpur, Dhamra, Chudamani and Subarnarekha. It may be recalled that in February 2012, the Odisha government awarded the contract for feasibility studies for four-lane connectivity to these non-major ports to two cons
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City gas distribution is in evolution stage
The policy makers, regulator and CGD companies must come together and work towards bringing about positive changes in the sector to maintain its attractiveness, writes Samrat Chauhan.
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Infrascape 2013 | PPP is the way forward
Realising the importance of nation building, our planners and policy makers are targeting a whopping US$ 1 trillion of infrastructure investments durÂing the XII Plan period. With the combined Central and State deficit at over ~11 per cent of GDP, and national debt at close to 90 per cent of GDP, government finances are seveÂrely constrained.
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Tight liquidity scenario and toll non-compliance governed the road sector performancey
As against the target of 9,000 kms, during the first six months of 2012-13, NHAI managed to award only six projects. These six projects incÂluded two large-scale projects – Mega Maharashtra Highway (484 kms; Amravati-Jalgaon-Gujarat) and WalajÂahpet PoonÂamallee (93 kms). However, these projects were bid out at seemingly aggressive prices.