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engineering procurement construction

Toll roads to be made user friendly: Six myths busted

Toll roads to be made user friendly: Six myths busted
Last Monday (September 1), the Rajasthan High Court,stayed the hike in toll on the Jaipur-Delhi national highway. This stay order will remain till such time the National Highways Authority of India (NHAI) and the operator file an affidavit confirming that the road is in good condition. They also have to confirm that a proper and maintained [...] Continue Reading »

Highway projects above Rs 50 crore will be funded by the Government

Highway projects above Rs 50 crore will be funded by the Government
The entire highways project that costs more than Rs 50 crore will now be taken under the engineering procurement and the construction (EPC) mode with some slew of steps that are being taken to get a fresh capital in the road sector of the government said on Thursday. The highway project will be completed in [...] Continue Reading »

Bankers are going to ‘investigate’ construction firms before debt restructure

Bankers are going to ‘investigate’ construction firms before debt restructure
Banks have started insisting on investigative audits for engineering, procurement and construction (EPC) units who are looking to recast their loans. A forensic team will evaluate such companies and reduce the chances of any ‘package failure’ in corporate debt restructuring (CDR). The bankers will look in a detailed manner in case of all the related [...] Continue Reading »

Road Transport and Highways Ministry may depend on toll revenue to invest in expansion projects

Road Transport and Highways Ministry may depend on toll revenue to invest in expansion projects
The ministry of road transport and highways has started an exercise to estimate their revenue from toll collection to see if the government can build more roads with the help of its own resource. The PPP projects have been suffering of late and private players have been complaining of the low growth in the toll [...] Continue Reading »

NHAI considers options to carry out remaining work on Jaipur-Gurgaon stretch

NHAI considers options to carry out remaining work on Jaipur-Gurgaon stretch
The National Highways Authority of India (NHAI), after serving an “intention to issue termination notice” to the concessionaire on February 11 is now pondering all alternatives to carry out the remaining work on the Jaipur-Gurgaon stretch of National Highway 8.But the highway users will have to face misery for few more months because of limited [...] Continue Reading »



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