Highways have been largely on an upswing. We have awaĂÂrded-or set to award upon opening bids-4,500 km, and will be awarding a minimum of 3,000 km by the end of this fiscal. The industry has been gung ho about the sector,
Tag: NHDP
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Ministry pitches for e-tendering
The Ministry of Road Transport and Highways has asked NHAI and states to striĂÂctly adopt e-tendering system for better transparency in highways projects, saying it is not being properly implemented.
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More premium bids for NHAI
All 4 bids opened on negative VGF exceeding estimation by far. NHAI opened four National Highway bids (on BOT) over the past two working days--three on Friday, 18 November and one on Monday, 21 November. The four have all been on premium, also called negative Viability Gap Funding (VGF) of varying amounts.
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Government approves four expressways
The government has apprĂÂoved building over 1,000 km of expressways under NHDP, entailing an investment of Rs 16,680 crore. The projects include 400 km long Vadodara-Mumbai, 66 km long Delhi-Meerut,
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GVK arm bags highway project in MP
GVK Power and Infrastructure Ltd has announced that GVK Transportation Pvt Ltd, a wholly owned subsidiary, has been chosen through an international competitive bidding process to take up the four-laning of Shivpuri-Dewas section of National Highway No 3 in Madhya Pradesh.
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NH 56 development
The Cabinet Committee on Infrastructure (CCI) has approved the implementation of the project of four laning of Lucknow-Sultanpur section from 11.5 km to 134.7 km on NH 56 in Uttar Pradesh under NHDP Phase IV A to be executed in BOT mode on DBFOT basis.
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The fact that bidders believe in good growth over a period of 20-30 years is a vote of confidence
The net present value of the bids NHAI has received this FY from NVGF from 12 projects on DBFOT is to the tune of Rs 16,500 crore. JN Singh, Member (Finance), NHAI, explains to Shashidhar Nanjundaiah why this limited revenue stream will go a long way in all-round road development.
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NHAI has shifted 100% risk to developer: Experts
With shift from the erstwhile revenue-sharing model to fixed premium model under NVGF, NHAI has managed to reduce its own risk. Four of the best road sector experts explain how NVGF works and why it reflects increased competition.
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Negative VGF: A new angle in confidence?
Roads Minister CP Joshi recently remarked that the success of NVGF bids reaffirms the confidence of developers in the efforts taken by the government in the highways sector, and that investors see prospects in the road sector.
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Achieving growth of road length: A wishlist
A recent post by National Highways Authority of India (NHAI) in its newly created Facebook wall reads "The road to success is always under construction". For most of the industry watchdogs,