National Highways Authority of India
IRB Infrastructure has signed an agreement with the National Highways Authority of India (NHAI) for a Rs 2,300-crore project for widening of a highway stretch in Haryana under National Highways Development Project (NHDP). This is a positive Public Private Partnership (PPP) in which one of the largest BOT (build, operate, transfer) road developers in India, [...] Continue Reading »
This new budget from the new government will have quite a few demands from various ministries. The Road Transport and Highways Ministry has sought Rs.30,000-35,000 crore from the Finance Ministry as Budgetary support to implement various roadways projects. In 2013-2014 the Road Transport ministry had received Rs.22,890 crore as gross budgetary support (GBS). There are [...] Continue Reading »
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 Vadodara Municipal Corporation (VMC) is apparently eyeing funds for the promised development of the city from where Prime Minister Narendra Modi contested the 2014 general elections. A wish list has been submitted by the VMC to seek funds from the budget of Gujarat state; and the civic body probably has an eye on four [...] Continue Reading »
The website of the National Highways Authority of India (NHAI) displays toll-related information, thereby increasing the transparency of the toll collection system. The Toll Information System portal of the NHAI – accessible through nhai.org – will essentially enable the Internet users to know about the charges to be paid at any toll plaza which is [...] Continue Reading »
Continuing its steady gains of late, the stock of IRB Infrastructure Developers witnessed yet another increase – of 11 percent – on May 26. The last three weeks have marked a strong rally for the IRB Infrastructure stock, which has seen a surge of a whopping 83 percent since May 2. Along with recording the [...] 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 »
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 »
All the eyes of the Road Transport and Highways Ministry are set on the Narendra Modi led new government. The road transport officials have already been instructed to jot down the hurdles and come up with an action plan to revive these stopped projects worth Rs. 1.5 Lakh crores. National Highways Authority of India (NHAI) has [...] Continue Reading »
