In a significant development, nearly 200 reputed engineering colleges located across the country have opted for the scheme to adopt stretches of National Highways.
Tag: NHAI
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Embarking on Seamless Mobility
It is a well-known and widely accepted datum that infrastructure is the backbone of a sound and growing economy. Amongst all infrastructure, the transport sector facilitates trade and migration, thereby raising productivity in other parts of the economy and directly contributing to the economic growth.
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Indian Highways: The Growth Story Unfolding
The highway sector has been the ignitor of PPP framework in India. The sector has received a significant support from the government and NHAI has played its role well through constant innovation.
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Opportunities galore, but targets ambitious
With an estimated average spend of upwards of Rs 1 trillion per annum (excluding land cost), the order book additions will remain healthy for both, large and mid-sized road contractors over the next four to five years.
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Need an Integrated Logistic Policy
The logistics industry has always been an underdog and has not received the much-deserved attention yet. Though the sector is full of potential, it is yet to achieve optimal utilisation of resources.
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Investment close to Rs.250 billion is expected for ultra-solar park
With Vibrant Gujarat scheduled next year, the government is going all guns blazing to make this summit one of the mega events of the country.
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Construction risk is higher than post-construction risk
The National Investment and Infrastructure Fund (NIIF) is planning a third fund targeting investment in greenfield projects, with a view to provide long-tenor financing. Sujoy Bose, Managing Director and Chief Executive Officer, NIIF shares some insights, particularly on the roads sector.
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The Order Book Chase
Total order backlog of the engineering and construction firms was Rs.8.1 trillion at the end of FY18. Of the whole order backlog, almost 62 per cent was contributed by the construction companies, followed by 24 per cent of capital goods companies catering to the energy industry.
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Auction of eight highways to fetch Rs 54 billion
Nearly Rs 54 billion will be generated through the auction off the second tranche of eight completed national highway projects. The Toll Operate Transfer (TOT) will be responsible for the maintenance and will have the right to collect the toll on these stretches for 30 years.
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950 km of roads will come up under Bharatmala project
Under the Bharatmala project, roads and highways measuring a total of 950 km will be developed in Chhattisgarh. The Central Government had already declared 290.08 km of road as new national highways during FY 2017-18.