MUMBAI: Relief measures announced by the Ministry of Road Transport and Highways (MoRTH) are insufficient for road developers who did not collect toll tax for 25 days due to the nationwide lockdown, according to credit rating agency, ICRA. The government had suspended the collection of toll tax on all national highways during 26 March-19 April. […]
Category: Roads
Sebi slaps penalty on NHAI for delay in filing financial results
MUMBAI : Securities and Exchange Board of India (Sebi) haimposed a penalty of ₹7 lakh on the National Highways Authority of India (NHAI) for delay in disclosing financial results. The market regulator observed that NHAI had delayed filing half yearly financial results between FY16 and FY19. The delays ranged from 4 days to 78 days. […]
A new owner and a road to profit: perks of PSU sale
As part of the stimulus package, the Centre announced a public sector enterprise policy built on the principle of defining strategic sectors that will have at the most four public sector undertakings (PSUs). This indicates a push towards privatization. Mint explores the issue. What is the policy put forth by the Centre? Union finance minister […]
Lockdown: People on the move, Nashik highway sees traffic jam
NASHIK : The Mumbai-Agra highway passing through Nashik in Maharashtra witnessed a traffic jam early Sunday morning like in the days before the coronavirus-induced lockdown as hundreds of stranded people tried to make their way back to their native regions in Madhya Pradesh and Uttar Pradesh. Eye-witnesses said people were either stuffed to the brim […]
Lockdown derails NHAI’s plan to monetize $1 bn of toll road assets
The countrywide lockdown has hit the National Highways Authority of India’s (NHAI) plans to monetize almost $1 billion of toll roads, as investors wait out the uncertainties of the virus crisis, said three people aware of the development, requesting anonymity. The delay could stretch NHAI’s balance sheet, given that it has suffered losses on toll […]
Road construction worth ₹15 lakh cr in next 2 years; auto scrapping policy soon: Nitin Gadkari
NEW DELHI : The government is planning to build highways worth ₹15 lakh crore in the next two years, Union Minister Nitin Gadkari said on Thursday. The road transport, highways and MSME minister also said that the auto scrapping policy is likely to be finalised soon. In a video conference with the members of SIAM […]
Covid-19 hits NHAI’s $1 billion TOT asset monetisation plans
Mumbai: The covid-19 pandemic and the resultant nationwide lockdown have hit National Highways Authority of India’s (NHAI) plans to monetise almost $1 billion by selling toll rights as buyers look to wait out the period of uncertainty, said three people aware of the development, on the condition of anonymity. This delay in asset monetisation could […]
Covid-19: Guidelines to allow operation of public transport soon, says Nitin Gadkari
Road transport and highways minister Nitin Gadkari on Wednesday said the Centre would shortly issue guidelines to allow public transport. “Soon, efforts to start public transport, buses, will be made by the government on the basis of some guidelines,” he said. Gadkari was addressing members of the Bus and Car Operators’ Confederation of India through […]
Lockdown: Public transport may resume soon with guidelines, says Gadkari
New Delhi: Public transport services may resume operations soon and the government is formulating guidelines for safe usage adhering to social distancing norms to check the spread of coronavirus, Union Minister Nitin Gadkari said on Wednesday. “Public transport is likely to resume soon… Guidelines will be there,” Road Transport, Highways and MSME Minister Gadkari said […]
Coronavirus: Rohtang Pass thrown open by BRO three weeks ahead of usual schedule
New Delhi: The strategically located Rohtang Pass, linking Lahaul and Spiti valleys in Himachal Pradesh, was thrown open to traffic by the Border Roads Organisation (BRO) on Saturday, three weeks ahead of schedule, Army officials said. The pass, located at an altitude of 13,500 ft on the eastern Pir Panjal Range of the Himalayas, was […]
Toll collection resumes on national highways from today
Toll collection on national highways across the country has resumed on Monday amid the ongoing COVID-19 lockdown. This comes as India is slowly easing restrictions brought in to contain the coronavirus pandemic from today in order to revive stalled economic activities. The National Highways Authority of India (NHAI) had suspended toll collection on all national […]
Covid-19 lockdown relaxation: NHAI resumes toll collection on national highways
The National Highways Authority of India (NHAI) resumed toll collection on national highways from Monday. It comes as India is slowly easing the restrictions brought in to contain the coronavirus pandemic from today in order to revive stalled economic activities. The NHAI had suspended toll collection on all national highways after the 21-day nationwide lockdown […]