National Highways Authority of India (NHAI)
Because of the very poor performance, the Gurgaon Jaipur Highway will be replaced by the month of August. The Highway ministry officials mentioned that the government will take up the project from the developer just in case there is failure incurred on behalf of the bank to substitute the current contractor. In order to solve [...] Continue Reading »
The National Highways Authority of India (NHAI) is expected to put forth a request before the new Central Government to frame requisite policies which align the bid process with the needs of the projects. The request which the NHAI is likely to make to the new Government will largely have to do with the agency [...] Continue Reading »
The National Highways Authority of India (NHAI) will probably turn down requests from 5 firms for the rescheduling of premium which is due to the government for construction of highways. The firms which made the premium rollover requests that will be nixed by the NHAI include Sadbhav Engineering, Reliance Infrastructure, and Oriental Structural Engineers. According to [...] Continue Reading »
In a move which will apparently trigger the revival of the stagnating highways sector and offer a helping hand to stressed projects, the option to defer premium payment commitments of a number of projects will be allowed by National Highways Authority of India (NHAI). As many as nine projects will likely receive the approval of [...] Continue Reading »
IDFC Ltd is apparently set for a formal takeover of the Delhi-Gurgaon Expressway; with all the pre-requisites required for the imminent move having seemingly been put in place. In order to facilitate IDFC in formally taking over the Delhi-Gurgaon Expressway, a meeting is scheduled to take place – on Tuesday – between senior officials of [...] Continue Reading »
The National Highway Authority of India (NHAI) has stopped the construction of a building at Pimpalgaon and granted no permit to Sohanlal Bhandari for the same, when allegations on construction purpose and making it from a residential to a commercial one was done without notifications. It is said that the conditions for the same to [...] Continue Reading »
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 »
The construction sector in the past 2-3 years has been witnessing order inflows with land acquisition and policy paralysis issues being the key factors. It is expected that the upcoming Budget will usher in solutions in terms of allocation across segments like roads, urban infra, irrigation, power and so on. The realty industry expects that [...] Continue Reading »
National Highways Authority of India (NHAI) is seeking to push a relief package for road developers as many are under stress and are finding it tough to raise debt and equity to finance projects they had bagged by offering to pay a premium. Now the agency is looking to get approval for a staggered payment which will [...] Continue Reading »
New-Delhi- The inability of the National Highways Authority of India (NHAI) to completely use the revenue generated through the tax-free bonds in the previous fiscal has created a lot of tension at the finance ministry as they have expressed their concern. Due to the project awards being stuck, the agencies on the highways are compelled to keep Rs. [...] Continue Reading »
