NEW DELHI: The prime minister’s office (PMO) has asked the road transport and highways ministry to respond to suggestions whether the National Highways Authority of India (NHAI) can be transformed into an asset management company and stop constructing roads. In a letter addressed to the highways ministry, the principal secretary to PM, Nripendra Mishra has […]
Category: Roads
The new AI system in government buses in UP and Karnataka is ‘good news’ for passengers
Uttar Pradesh and Karnataka are set to be the first two states to install artificial intelligence (AI) systems on the front bumper of buses to avoid collisions and alert sleepy drivers. While Uttar Pradesh State Road Transport Corporation (UPSRTC) is planning to install these systems in its fleet of over 12,500 buses, Karnataka State Road […]
NHAI holds road show for third phase of toll-operate-transfer projects
New Delhi, Aug 2 () The NHAI will monetise more highway stretches on toll-operate-transfer mode as it seeks to garner funds for projects, its Chairman Narendra Nath Sinha said on Friday. The National Highways Authority of India (NHAI) had earlier offered nine highway stretches on toll-operate-transfer (TOT) mode, under which tolling rights are awarded to […]
NHAI eyes raising Rs 1 lakh cr by 2023-24 from auction of highway projects
NEW DELHI: The road transport ministry has set a target of auctioning completed highway projects to raise approximately Rs 1 lakh crore by 2023-24 to meet the fund requirement for expanding the existing highways and building new stretches. The government has asked the National Highways Authority of India (NHAI) to explore new avenues to raise […]
Kempapura skywalk lift gets NHAI nod
BENGALURU: The National Highways Authority of India (NHAI) has given an in-principle nod for the construction of an elevator at the pedestrian elevated walkway near Esteem Mall, Kempapura Junction, Ballari Road. According to c, the decision to install lifts on the skywalk was taken following a huge demand from senior citizens and patients, who are […]
L&T road project in Gujarat faces insolvency
NEW DELHI: The National Company Law Tribunal (NCLT) has ordered the initiation of insolvency resolution against L&T Halol-Shamlaji Tollway, which had loan repayment defaults of close to Rs 77 crore towards the end of December 2018. The petition to seek action under the Insolvency & Bankruptcy Code was moved by Oriental Bank of Commerce and […]
Travel from south Delhi to IGI airport set to be easier from Tuesday
NEW DELHI: Delhi CM Arvind Kejriwal will open the Rao Tula Ram flyover, which will make travel from south Delhi to IGI airport much easier, at 10.30am on Tuesday for the public. The 2.7-km-long flyover starts from Munirka flyover and ends near Army Research and Referral Hospital. The project, which was scheduled to be completed […]
After fare reduction, BEST hopes for freer roads to boost efficiency
MUMBAI: BEST’s ailing transport wing, which suffered a series of setbacks due to mounting losses and a drop in ridership from 45 lakh to 25 lakh over a decade, expects to reverse the trend going by the positive response to its fare reduction. On Tuesday, commuters found it convenient to fish out Rs 5 coins […]
NHAI, NIIF sign MoU to attract foreign investment in road sector
NEW DELHI: The National Highways Authority of India (NHAI) and National Infrastructure Investment Fund (NIIF) on Monday signed an MoU to bring big ticket foreign investment in the road sector. NHAI would need to mobilise Rs 75,000 crore this year to meet its fund requirements. It has to also tap more private investment to go […]
CPCB asks NHAI why it shouldn’t be fined Rs 1 crore
NEW DELHI: Central Pollution Control Board has sent a showcause notice to National Highways Authority of India for flouting construction and demolition waste management rules at two sites — Delhi-Meerut Expressway, UP Gate to Dasna, Ghaziabad, and around the Ghazipur landfill. NHAI has been asked to explain “why the project activities, including all civil works […]
DSC highway arm faces insolvency process
NEW DELHI: Lenders have referred DSC’s Lucknow-Sitapur project to the National Company Law Tribunal (NCLT) for insolvency resolution, even as banks are grappling with their debt problems with two other projects of what was once a high-profile group. Banking sources said lenders have dues of around Rs 200 crore from the SPV executing the Lucknow-Sitapur […]
NHAI may gets favourable response in 3rd road assets auction: ICRA
New Delhi, Jun 17 () With moderation in floor price, highways developer NHAI is expected to receive a favourable response from investors for a set of road assets going under the hammer in the third auction, rating agency ICRA said Monday. A favourable response from investors is critical for the success of the toll-operate-transfer (TOT) […]