Highway
The government is all set to launch a new app and portal that will help the travellers navigate through highways in a way that would be completely different from the types of applications that netizens currently use. Hence in future if we are on the highways and are lost, then we will have a help [...] Continue Reading »
NCC is looking to reduce its debt and is negotiating with potential buyers to sell two highway assets. Squared Capital, IDFC and Acropolis Capital are in the race for the two assets. The assets are Meerut-Muzaffarnagar highway and the Bengaluru-elevated expressway. NCC is expecting to obtain a combined enterprise value of aroundRs 2,000 crore from [...] Continue Reading »
Following the petition from the Aam Aadmi Party, the Dakshina Kannada deputy commissioner suspended a steep toll rise on Mangalore-Bangalore highway. Mr. AB Ibrahim, Deputy Commissioner, says that he had directed Brahmarakootlu toll both officials that they should not charge commuters the revised fee. He also informed the director of National Highways Authority of India [...] Continue Reading »
In north Bangalore, interest in real estate peaked with the setting up of the international airport in 2008. The as yet mainly unfamiliar region boasted sizeable tracts of land at considerably lower prices, which helped in the growth of commercial space in this region. Connectivity by the Outer Ring Road (ORR), the Hebbal flyover and [...] Continue Reading »
Over recent years, National Highways Authority of India (NHAI) is not ready to accommodate an increase in project costs due to which road developers are in a fix. Since a number of projects have seen a 30 per cent rise in costs such as rise in bitumen, diesel and labour expenses, besides interest rates, developers [...] Continue Reading »
In the third year of the UPA-II regime a large part of the project to build 2,500 km of highways was awarded which has now been cancelled. In 2011-12 most of these projects were awarded by the National Highways Authority of India (NHAI). Because of the economic slowdown in the succeeding years 2012-13 and 2013-14 [...] Continue Reading »
The GMR Infrastructure has got the permission from its share holders to raise Rs 2,500 crore through different methods. This will be helpful to reduce the debt which is currently Rs 4,500 and also useful for another project in Chhattisgarh. The company also increased its share value from Rs 750 to Rs 1,950 to make [...] Continue Reading »
After the new land acquisition law came into force, the Road Transport and Highways (RTH) Ministry is looking for options like real estate development along the Delhi-Jaipur Expressway to finance it as land cost alone has trebled. After the new law came into force the land cost has trebled, the cost of ~11,750 project that [...] Continue Reading »
The National Highways Authority of India (NHAI) has blamed the state government for delay in 4-laning of Yamunanagar-Panchkula highway stretch of NH-73. Infrastructure major Gammon has walked out of the project on grounds of non-availability of land, delay in environment and forest clearances, besides scarcity of construction material in the state. Gammon was to invest [...] Continue Reading »
The highways ministry is seeking Election Commission’s nod to award works for over 60 road projects involving over Rs 22,000 crore investments. In the past one month, finances for the first set of about 55 works have been sanctioned by the ministry. National Highways Authority of India (NHAI) has called financial bids for 22 projects, [...] Continue Reading »
