The Centre plans to provide major imputes for making National Highways as green highways. To achieve this, the government is setting aside one per cent of the cost of road construction for plantation, transplantation and beautification and maintenance of trees.
Hyderabad-based Gayatri Projects, which saw a dip in its revenues in the past two years, hopes to garner Rs. 2,000 crore revenue this year.
Tirupur Exporters’ Association (TEA) has urged the National Highways Authority of India to reduce the toll fee collected at Karumathampatti in Coimbatore district.
Reeling under the weight of bad loans and infrastructure-heavy loan portfolios, many public sector banks are increasingly ceding their exposure in completed infrastructure projects to lenders with relatively stronger balance sheets.
Andhra Pradesh Chief Secretary IYR Krishna Rao has held a meeting with the Railways and Transport, Roads and Buildings Departments’ officers and with the District Collectors of Guntur, Prakasam and Nellore.
Reliance Infrastructure Ltd of the Anil Ambani Group has decided to exit the cement and road businesses in a bid to monetise non-core units. The sale of the assets will help the company reduce its debts and focus on the emerging opportunities in the defence manufacturing sector.
Madhucon Infra Ltd has sold its Madhucon Agra Jaipur Expressways Ltd (MAJEL) to Singapore-based Cube Highways & Infrastructure for a consideration of Rs. 248 crore.
MEP Infrastructure Developers, a toll collection and road maintenance company, wants to tie up with private equity or pension funds and bid for National Highway Authority of India (NHAI) projects, which are soon coming up. The company, at the end of the last fiscal, had clocked revenues of Rs. 907 crore. It was listed in…
Developers and lenders to languishing road projects may hesitate to accept a one-time funding by the National Highways Authority of India to revive and complete such projects, according to India Ratings and Research (Ind-Ra).
The target of building 30-km of highways per day is “unofficial and internal”, Road Transport and Highways Minister Nitin Gadkari said here on Thursday.