National highways play a vital role in social and economic integration. National highway plays a vital role in the social and economic integration and development of the country. Total budgetary spending in the road sector has increased by more than eight times to Rs.2.6 trillion in FY2023BE over FY2014 at a CAGR of more than...
Tag: Road sector
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Will the Road construction target be achieved in 2023-24?
The road sector is suffering from immobility! Surprised? The road sector is suffering from immobility! Surprised? Let us say that it has landed in a standstill spot. Its ability to construct beyond 40 km per day is probably 15% as the rate at which we have seen the construction get executed has always been between...
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Technologies Empowering the Right Pace of Road Construction
Road sector is adopting and implementing innovative technologies. The road sector is seeing adoption and implementation of innovative technologies with durable roads being a priority. In order to bear the increasing traffic load, and overcome various challenges, the sector will have to develop new materials, processes and technologies to set the right pace of construction....
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Today the road sector is much more mature and robust
A candid interview with experienced financier PR Jaishankar, MD, IIFCL PR Jaishankar, MD, India Infrastructure Finance Company Ltd. (IIFCL), an experienced financier helming the infrastructure financing affairs, shares his deep thoughts on the latest progress, the pace of road development, new strategies carried out by IIFCL to speed up the infra projects, and much more from...
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The Sweet Spot
While the road sector is arguably in a sweet spot, land acquisition is unquestionably the biggest hurdle afflicting roads development.
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GovernmentÂ’s focus on road sector yields positive results: ICRA
Effective policy measures by the Government over the last 36 months have revived the Indian road sector and supporting the execution pace. According to ICRA, these include steps like awarding projects after securing 80 per cent right of way; expediting projects stuck midway, delegating the power to grant forest clearances to regional offices, online filing for clearances to construct ROB and RUBs and increasing the limit on sand mining.
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NHAI to Cushion Against Delays in Hybrid Annuity Projects
National Highways Authority of IndiaÂ’s (NHAI) payment of mobilisation advances to developers will provide a fillip to the construction pace of hybrid annuity model (HAM) projects, says India Ratings and Research (Ind-Ra).
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Volatile fuel prices will reduce reliance on conventional fuels
Minister for Shipping, Road Transport and Highways, Nitin Gadkari, has announced big investments in India´s ports and roads sector. These investments are the first step in economic growth, as well-laid infrastructure is a crucial need for improving the efficiency of cargo flow.
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Concrete Plan!
The Modi Governments initiative to build all new highways using concrete in place of bitumen, has brought cheer to road sector experts as well as the cement industry. But contractors are worried about their future business prospects.
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No regulator till new government: RoadMin
The road sector has some bad news in the offing. Private players, who are eagerly awaiting a Road Regulator, since a year, have to extend their prolonged wait for another six months. It was expected that by March end, the Ministry of Road Transport and Highways would pass a note on draft Regulatory Authority for Highways in India Bill, 2013 to the Cabinet.