National Highway Authority of India
Haryana chief minister Bhupinder Singh Hooda on Thursday met officers of National Highway Authority of India (NHAI) and Public Works (Building and Roads) Department in Chandigarh to discuss toll taxes and national highways in the state. The move is to woo voters in the region. The CM said that the state government may compensate NHAI [...] Continue Reading »
UPA-II is focusing on upcoming elections with a poor performance in the highway development. The government’s target is to construct 20 Kms per day but they were able to develop only 11 Kms per day which is worst performance since 2008-09. The total tally of highway construction till March 31 is calculated at nearly 4, [...] Continue Reading »
The National Highway Authority of India (NHAI) is under criticism for ignoring planting of trees to compensate for the chopped ones for road widening. NHAI gave Nagpur Municipal Corporation (NMC) three options for four-laning between Mankapur Square and Mental Hospital Square on Koradi Road. In view of the poor track record of NHIA in planting [...] Continue Reading »
Supreme Infrastructure has got 3 orders of total worth Rs 617.7 crore for different developments activities. The highest amount is from the National Highway Authority of India (NHAI), Rs337 crore for the two laning of Chhapra-Rewaghar-Muzaffarpur section of NH-102 in Bihar. The company has also received the amount of Rs 237 crore from the Brihan [...] Continue Reading »
According to the experts, Liquidity constraints, approval delays and the economic slowdown have forced the developers not to take up large infrastructure and road projects on PPP basis. An expert also mentioned that the government gives attention on developing infrastructure projects on public private partnership model to minimize its burden and to motivate private sector to participate in [...] Continue Reading »
Fund collected by Indian companies through retail issues of non-convertible debentures has increased over two times during current financial year. A collective amount of Rs 16,982 crore was gathered by 15 firms through their NCDs in the entire 2012-13 fiscal. NCDs are loan-linked bonds which are issued by a company that cannot be changed in [...] Continue Reading »
Authorities will have to axe 45,500 trees and 39,000 poles, plants below 3 meters of height in jind to build wide roads. As there is a lack of space in the district still the National Highway Authority of India (NHAI) will spend a huge amount on the plantation of new sapling. As per the sources [...] Continue Reading »
Hindustan Construction Company’s dues of Rs. 5, 000 crore, mainly with various government agencies, continue to be stuck in litigation, although a year has passed. Praveen Sood, group chief financial officer, HCC,told sources ,out of the dues of R5,000 crore, R1,000 crore is being battled out in courts for settlement while the remaining R4,000 crore [...] Continue Reading »
The ongoing two major tunnel projects on Jammu- Srinagar National Highway which are being developed to reduce the distance between twin capital cities of Jammu and Srinagar, would be completed in 2016, Minister of State for Revenue Ajaz Ahmad Khan said in reply to a question by S Bashir Ahmad Veeri (NC). Development work on [...] Continue Reading »
Larsen and Toubro has bagged a contract to build a new four-lane bridge across Narmada river at Zadeshwar about 90 km away from Vadodra. The National Highway Authority of India (NHAI) awarded the contract after Hindustan construction company (HCC) failed to abide by the tender condition. NHAI estimates the project to be completed within 30 [...] Continue Reading »
