NEW DELHI: Highway developer Dilip BuildconNSE 3.80 % on Friday said it has bagged a road project worth Rs 1,362.06 crore in Uttar Pradesh. “The company has received the letter of acceptance (LoA)…from Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) for EPC project in the state,” Dilip Buildcon said in a filing to BSE. The […]
Category: Roads
Highways ministry lines up projects worth Rs 50,000 crore to be awarded in next 3 months
NEW DELHI: The highways ministry is likely to award road projects with an aggregate length of around 4,500 km worth Rs 50,000 crores, Union minister of road transport and highways Nitin Gadkari informed the Parliament on Thursday. Gadkari in September said that he had asked his department to identify road projects to spur economic activity […]
Govt chalks out plan for Rs 100-lakh cr investment in infra over 5 years: Goyal
NEW DELHI: The Centre has chalked out a plan envisaging an investment of Rs 100 lakh crore in the infrastructure sector over the next five years, Union Minister Piyush Goyal said on Wednesday. “The investment will transform availability and quality of infrastructure at airports, roads, highways, railways, ports… All infrastructure-related sectors (aviation, shipping, electricity, and […]
Modi will now need rivals’ help to meet $3 trillion infra goal
Prime Minister Narendra Modi must invest trillions of dollars on roads and other critical infrastructure if he’s to pull India’s economy out of its slump, with at least half coming from state governments that are out of his control. India will need to spend Rs 235 lakh crore ($3.3 trillion) on infrastructure over the coming […]
FASTag adoption, new projects to improve NHAI cashflows: Report
Faster asset monetization, coupled with stricter implementation of Fastags and speeding up the pace of construction will help address the cash-flow issues plaguing NHAI, says a brokerage report. It can be noted that NHAI has been facing funding and cash flow issues leaving many of its projects stalled. The national road builder’s debt has risen […]
US urges Pakistanis to pose tough questions to China on CPEC
WASHINGTON: The Trump administration has urged Pakistanis to ask tough questions to China on the China Pakistan Economic Corridor, as a top American diplomat launched a blistering attack on the multi-billion dollar project which the official claimed is going to take a toll on Islamabad’s economy. The China Pakistan Economic Corridor (CPEC) is a planned […]
‘US shares India’s concerns on China’s One Belt One Road project’
Washington: The US has extended its support to India’s opposition to China’s ambitious One Belt One Road (OBOR) initiative, saying it shares New Delhi’s concern over the multi billion-dollar project while questioning the economic rationale behind it. India is the only major country in the world to have opposed the OBOR project on the grounds […]
Jammu and Kashmir completes highest 11,400 km road length under PMGSY in 2019: Officials
JAMMU: Jammu and Kashmir has achieved the highest road length in the country this year so far under a Centre’s rural roads’ programme with the completion of around 11,400 kilometres covering 1,838 habitations, officials said on Friday. This includes 1,161 km for the current financial year against the total sanctioned road length of 19,700 km, […]
566 national highway projects running behind schedule: Nitin Gadkari
NEW DELHI: The government on Thursday said 566 national highway projects are running behind schedule and no project has been put on hold. The delays are mainly on account of issues in land acquisition and getting environment, forest and wildlife clearances, and disputes in arbitration, Road Transport and Highways Minister Nitin Gadkari said in a […]
Cube Highways wins TOT project with Rs 5,011 cr bid
New Delhi: Singapore-based Cube Highways has emerged as the winning bidder for the government’s third round of road monetisation programme, quoting a price bid of Rs 5,011 crore. Financial bids for the third bundle of toll-operate-transfer(TOT) auctions were opened on Wednesday. TOT was introduced in 2016 to monetise publicly-funded highways. Under the model, investors make […]
AIIB plans to invest upto $2.5 bn in urban transport projects
MUMBAI: The Asian Infrastructure Investment Bank (AIIB) is planning to invest up to $2.5 billion in urban transport projects, such as Metro commuter-rail networks and radial roads, giving a boost to New Delhi’s Smart City initiative. AIIB is in advanced talks with different nodal agencies, including Chennai Metro Rail and the Mumbai Metro Rail Corp, […]
AIIB plans $2.5 billion investment in India’s metro, road projects
MUMBAI: The Asian Infrastructure Investment Bank (AIIB) is planning to invest up to $2.5 billion in urban transport projects, such as Metro commuter-rail networks and radial roads, giving a boost to New Delhi’s Smart City initiative. AIIB is in advanced talks with different nodal agencies, including Chennai Metro Rail and the Mumbai Metro Rail Corp, […]