The NHAI has extended the deadline to bid for the third bundle of highway projects under the toll-operate-transfer (TOT) model to November 11. This is the third time the potential bidders are given more time, via the transfers of which the NHAI aims to garner close to Rs 5,000 crore as one-time, upfront payment by […]
Category: Roads
Roads
India, Pakistan sign historic pact to operationalise Kartarpur Corridor
India and Pakistan on Thursday signed a landmark agreement to operationalise the historic Kartarpur Corridor to allow Indian Sikh pilgrims to visit the holy Darbar Sahib in this country. The corridor will connect the Dera Baba Nanak shrine in India’s Punjab with Darbar Sahib at Kartarpur, just about four km from the international border, located […]
Imran Khan inaugurates 1,320 MW power plant under CPEC in Pak
Pakistan Prime Minister Imran Khan has inaugurated a 1,320 Megawatt (MW) power plant in resources-rich Balochistan province that aims to generate low-cost electricity, an initiative under the ambitious USD 60 billion China-Pakistan Economic Corridor. The China Hub Power Plant is the first joint power project between Pakistan and China under the CPEC initiative and would […]
Sadhbav Group to merge its engineering and infrastructure subsidiaries
Infrastructure major Sadbhav Group is merging two of its listed entities to create a simplified corporate structure and better utilisation of resources. Sadbhav Engineering Ltd is the flagship engineering, procurement and construction (EPC) services business while Sadbhav Infrastructure Projects Ltd builds and owns roads. “The amalgamation will enable consolidation of the businesses into one combined […]
L&T to buy Old Lane Mauritius III Ltd’s stake in subsidiary for Rs 48 crore
Larsen & Toubro on Friday said it has signed an agreement to buy the entire stake of Old Lane Mauritius III Ltd in L&T Infrastructure Development Projects (L&T IDPL) for Rs 47.9 crore. The share purchase agreement was executed on Thursday, the company said in a filing to BSE. L&T will buy 2.55 per cent […]
Unlisted cos executing more NHAI projects than their listed counterparts
Unlisted companies are now executing a majority of National Highways Authority of India (NHAI)’s projects, compared to their listed counterparts. These unlisted companies, however, are a mixed bag and include companies with good execution records and those with stretched working capital requirements. While some of these unlisted companies are expected to look for a public […]
Gadkari inaugurates Rs 1,058 cr Delhi-Meerut Expressway phase 3
Union Minister Nitin Gadkari on Monday inaugurated the Delhi-Meerut Expressway phase-3, built at a cost of Rs 1,058 crore. The 82-kilometre long Delhi-Meerut Expressway connects Delhi with Meerut in western Uttar Pradesh. A sum of Rs 8,346 crore is likely to be spent on the project. The third phase or package from Dasna in Ghaziabad […]
NHAI seeks IITs’ help in reducing costs, constructing better road
National Highways Authority of India (NHAI) is in discussions will the Indian Institutes of Technology (IITs) for bringing in greater efficiency in the sector by reducing the cost of road construction and improving quality in the long run. It is learnt that the authority would engage with all the IITs for conducting studies and finding […]
Road accidents claim over 150 lives on Yamuna Expressway in 2019, highest ever: Data
The Yamuna Expressway in Uttar Pradesh witnessed over 150 deaths in road accidents this year so far, the maximum ever since it got operational in 2012, according to official data. The 165-km-long road stretch that connects Delhi and Agra has seen 357 accidents, injuries to at least 822 people and death of 145 others till […]
NHAI invites bids for 15 BOT road projects after 8 years
After a gap of almost eight years, the National Highways Authority of India (NHAI) has called for prequalification bids from road developers for 15 build-operate-transfer (BOT) roads with a tentative total project cost in excess of Rs 22,000 crore and totalling nearly 800 km. The 15 projects are spread across six states — Andhra Pradesh, […]
Busier roads, bigger money: Inside Modi govt’s new road monetisation plan
Modi govt has set in motion its new highway plan that could eventually turn out to be a major driver of its road monetisation efforts. The road transport and highways ministry is lending the final touches to a proposed infrastructure investment trust (InvIT), to be helmed by the National Highways Authority of India (NHAI), for […]
Govt forms task force to identify infra projects worth Rs 100 trillion
The government on Saturday said it has constituted a high-level task force to identify infrastructure projects for Rs 100 trillion investment by 2024-25 as India aims to become a $5 trillion economy. The task force, headed by the economic affairs secretary, will draw up a ‘National Infrastructure Pipeline’ of Rs 100 trillion, the finance ministry […]