Owing to delay in securing statutory clearances, the National Highway Authority of India (NHAI) allowed the concessionaire of the Kota-Jhalawar highway project in Rajasthan to take more time for financial closure. The lenders of the highway project asked for all the clearance to be on the safer side. The approvals from seve
Tag: NHAI
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Four projects get NHAI’s extension for funding
The National Highways Authority of India (NHAI) has given a breather to four companies which are on the verge of losing their contracts. Several projects of NHAI have been facing failure to achieve financial closure.
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Road projects in limbo
Slow progress in project execution coupled with subdued interest in bidding for new projects under current policy frame may give alternative option to call for revaluation or fresh bids for already allocated road projects. In order to avert this situation, a Performance Review Unit (PRU) proposed by the Planning Commission needs to be endowed with power to gather information from nodal agencies on clearances and incentivise or to regulate, writes Sumantra Das.
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Reinventing IndiaĂâs road infrastructure
Highway award and implementation has faced a major slowdown this fiscal, but most of the factors are the usual suspects. Then why is this year different? Rohit Chaturvedi and Tejaswi Subramanian explain the potential pitfalls and silver lining in the sluggishness. After a year of aggressive bidding and flourishing business, the road sector has seen a marked slowdown this year in the number of allotments made or expected to be made by the National Highways Authority of India (NHAI).
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Phase it: The fourth is a challenge
Highways will continue to be sluggish until the unattractive Phase IV projects are completed. With the road sector is poised to undergo a further change in the coming years, the industry as a whole, needs to continue tapping the advantages of road transportation more efficiently and optimally than ever before, writes Bhavik Damodar. The road transportation sector continues to struggle to cater to the countryĂâs size and widely spread consumption hubs.
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Prudency has returned as aggression has cooled down
Large players will continue to opt for BOT model as it provides reasonable return over long gestation period, says Sudhir R Hoshing, CEO (Roads), Reliance Infrastructure, in an interview with Sumantra Das. The National Highways Authority of India (NHAI) has come a long way in the manner in which its roads are managed. From bringing transparency in bidding process through on-line bidding to taking steps to expedite approval and clearance process,
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The bidding process is good for small, medium and large players
BanksĂâ new stipulation of 100 per cent land availability for highway projects, along with poor response from bidders and financial closure difficulties among concessionaires, have hampered the awards and implementation, says JN Singh, MemberĂâFinance, NHAI, in an interview with Sumantra Das. Major reason behind this is the poor responses from the concessionaires and in some of our bids (about 7-8) we havenĂât even find any bidder. Secondly, banks also are asking our 100 per cent land availability
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Electronic toll collection will reduce commute time
ETC at toll plazas with interoperability can help reduce peak-hour congestion on urban highways with faster automated toll collection, writes Girish Shirodkar. The Punjab & Haryana High Court opened a new chapter in the Indian infrastructure story, when on September 4, 2012 it forbade toll collection on the busy Delhi-Gurgaon expressway for a period of 15 days, later extended till September 30. Toll collection was restored on October 1 in non-peak hours and on October 8 in peak hours. This is th
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Bankers to lend `8.3 bn for `11 bn road project
A consortium of bankers agreed to provide Rs 830 crore syndicated loan to Hospet-Chitradurga Tollways (HCTL) for the Rs 1,102.81-crore road project in Karnataka. HCTL is a special purpose vehicle (SPV) formed to undertake the Hospet- Chitradurga road project by Ramky Infrastructure. The consortium of bankers comprises Axis Bank, IDBI Bank, Bank of India, IIFCL, State Bank of Hyderabad, State Bank of Patiala, State Bank of Travancore, Central Bank of India and Oriental Bank of Commerce, Ramky Inf
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Bitumen-free joint filler
The construction accessories division of Supreme Industries has developed customised solutions speĂÂciĂÂfically for the construction requirements of various segments. DURAboardHD100 (formerly SILflex/Capell HD100) is an exclusive compressible filler board specially designed to be used as expansion joint filler in concrete brick, block work and isolation joint, where readily comĂÂpressible low load transfer joint filler is reqĂÂuired. Its exceĂÂllent recovery property makes it the most suitable produc