National highways
A $500-million loan agreement has recently been signed by India with the World Bank. The $500-million loan will be granted to India by the International Bank for Reconstruction and Development division of the World Bank. The grace period of the loan will be 5 years; with a maturity of 18 years. The loan amount will [...] Continue Reading »
Many developers had offered to pay high premium to the government during the high economic growth period between 2010-2012, to win the bids in projects of road widening, maintaining, and collecting toll from road users over a 20-30 year concession period. However now National Highways Authority of India (NHAI) has intervened in these projects and has added [...] Continue Reading »
Investments and waning investor interest, both award and construction of centrally-assisted roads including national highways has faced a big dropdown and due to this their targets have been lagged by a massive margin in 2013-2014. As per the ministry of road transport and highways (MoRTH) information, at January-end this economical, building of these roads stood [...] Continue Reading »
Finance Minister, Mr. P. Chidambaram in his budget speech on Monday said that there had been a whopping over seven-fold increase at 3.89 lakh kilometers in the road network in the country during the UPA-I and UPA-II regime. He said, “In the year 2004, the country’s highway network was 51,511 km which has now reached [...] Continue Reading »
The Ministry of Road Transport and Highways (MoRTH) has come up with revised toll charges for four/six-laning expressways. The center has suggested that the investment will be rationalized its existing tolling norms across the 35,000-km stretch of National Highways. The road ministry has vocally confirmed that the affair of permitting road companies to collect toll [...] Continue Reading »
Guwahati- Assam Chief Minister Tarun Gogoi has requested the Union Minister for Road Transport and Highways to start the construction work of four-laning of NH-37 from Numaligarh to Dibrugarh within this year. Though the project had got approval in the year 2005 on BoT (Annuity) basis under SARDP-NE and was entrusted to NHAI for execution, [...] Continue Reading »
To bring in relief for the commuters, the National Highways Authority of India (NHAI) has taken up gradient improvement work following gridlock at the Nanthoor junction, the junction of two National Highways 17 and 31 even during non-peak hours. Due to steep gradient at the circle in the junction, it was a difficult task especially [...] Continue Reading »
The Uttar Pradesh chief minister Mayawati has written a letter to the Prime Minister of India Manmohan Singh on the prevailing bad condition of roads in the national highways throughout the city in Lucknow. This approach is very interesting since the UP chief minister has used the technology wherein a DVD footage of the condition [...] Continue Reading »
Over inefficiency of local bodies in Kochi in carrying out periodic maintenance of roads, the state government has asked the Public Works Department (PWD) to repair roads on a war footing. If all goes well, PWD expects to complete patch work and chipping work before November 30. Addressing reporters here on Sunday, PWD Minister V [...] Continue Reading »
