Union Road Minister Nitin Gadkari has turned up the heat on states and directed them to complete around 700 highway projects before March next year, ostensibly to highlight the work done by him in his five-year tenure before electioneering starts.
There has been an upswing in investors’ interest in engineering-procurement-construction (EPC) projects.
Union Minister for Road Transport and Highways Nitin Gadkari on Monday said that the government would start building a new expressway connecting Gurgaon and Mumbai. The project will cost approximately Rs 1 trillion.
Union Minister Nitin Gadkari today said a new express highway connecting Delhi and Mumbai will be built at a cost of Rs 1 lakh crore.
While the number of highway project contracts awarded in 2017-18 touched a new high, a number of older ones are well behind schedule.
Dilip Buildcon on Friday announced incorporation of five new SPVs for projects worth Rs 63.06 billion awarded by National Highways Authority of India.
IMF chief Christine Lagarde on Thursday warned China about saddling other countries with a “problematic increase in debt” through its ambitious global trade infrastructure project.
Having entered the road construction business with its first hybrid annuity model project, the Adani Group may now look at the toll-operate-transfer (TOT) model, according to a spokesperson for the group.
The Serious Fraud Investigation Office (SFIO) has received a complaint against Larsen & Toubro alleging “thousands of crores” of financial irregularities, including money laundering and tax evasion, a charge that the infrastructure giant rubbished as “baseless”.
National Highways Authority of India has established its Rs 250 billion Medium Term Note (MTN) programme on India INX’s Global Securities Market. India INX is a wholly-owned subsidiary of BSE Ltd and its Global Securities Market platform offers fundraising framework from global investors on a par with other international venues. Since its launch in January…