The National Highways Authority of India (NHAI) Chairman NN Sinha on Wednesday said that the authority would not go in for borrowing if the government increased its allocation to the road sector. “If more budgetary resources are released, which authority would prefer mobilising funds from the market, ” Sinha said at a CII event here. […]
Category: Roads
Roads
Amid tensions with Pak, govt says will complete Kartarpur corridor on time
Union Home Minister Amit Shah on Saturday said the Modi government is committed to completing the Kartarpur Sahib corridor within the stipulated time. The assurance of the home minister came a day after India and Pakistan held a meeting of the technical committee at the Zero Point in Gurdaspur in Punjab on the opening of […]
Bundelkhand Expressway in UP gets clearance
Bundelkhand Expressway: The much-awaited Bundelkhand Expressway’s construction will begin soon. The Uttar Pradesh government recently announced that the construction of the over 290-km-long Bundelkhand Expressway, which is a four-lane access-controlled highway linking the lesser developed areas of the state to the national capital, will start by the month of October. The Bundelkhand Expressway will have […]
Maharashtra seeks consultants to study potential of solar along Nagpur-Mumbai Highway
The Maharashtra State Road Development Corporation (MSRDC), has issued a consulting services tender to assess the potential for the development of 150-200 MW of solar photovoltaic (PV) projects along the Nagpur Mumbai Superhighway (Samruddhi Mahamarg). The tender has been floated on MSRDC’s behalf by The Global Green Growth Institute (GGGI). The Global Green Growth Institute […]
SC clears Chardham highway project, forms fresh committee for environmental concerns
The Supreme Court has cleared the decks for the ambitious Chardham highway project for all-weather connectivity to four holy towns of Uttarakhand and constituted a fresh high-powered committee to address environmental concerns. A bench comprising Justices Rohinton Fali Nariman and Surya Kant modified the National Green Tribunal’s September 26, 2018 order by constituting the high-powered […]
ADB signs pact to invest USD 23 mn in NCD of GRIL
The ADB on Tuesday said it has signed an agreement to invest USD 23 million (about Rs 160 crore) in a debt instrument being issued by GRIL to help the company scale up construction of roads and highways in India through purchase of new building equipment. The increased operational capacity will enhance GR Infraprojects Limited’s […]
IRB Infra ties up with Singapore’s GIC Pte, to bid for larger projects
IRB Infrastructure Developers Ltd, an Indian road builder, said a partnership with Singapore’s sovereign wealth fund will help it bid for much larger projects and boost revenue. The company will jointly bid with GIC Pte for all future projects, IRB’s Chairman and Managing Director Virendra Mhaiskar said in a phone interview. GIC invested as much […]
SC issues notice to Maha govt on Mumbai coastal road project case
The Supreme Court on Friday issued a notice to the Maharashtra government on a plea of Brihanmumbai Municipal Corporation (BMC) seeking stay on Bombay High Court’s order quashing the Coastal Regulation Zone (CRZ) clearances granted for the southern part of the Rs 12,000 crore coastal road project. A bench comprising Chief Justice Ranjan Gogoi and […]
Sadbhav Infrastructure Projects’ SPV terminates Concession Agreement with NHAI
Sadbhav Infrastructure Projects announced that Vizag Port Road (a Wholly Owned Subsidiary Company or SPV) has executed Supplementary Agreement to Concession Agreement with National Highways Authority of India (NHAI) towards termination of Concession Agreement dated 3 May, 2018 due to non-availability of required 80% of right of way by NHAI within stipulated time period. With […]
127 km stretch of all weather road in Kumaon to be delayed
Completion of the 127 km Tanakpur-Pithoragarh road, which is part of the ambitious all weather road project, will be delayed by six months, officials connected with the project said Friday. “Though we will be able to complete 90-km long portion of the road till December and the rest before March 2020, more time has been […]
Mumbai coastal road project’s clearance cancellation to impact L&T, HCC
The Bombay High Court decision on Tuesday to cancel coastal regulation zone (CRZ) clearance to the Mumbai Coastal Road project will impact the order book for companies like Larsen & Toubro (L&T) and HCC. L&T was awarded two packages of the coastal road project worth Rs 7,489 crore in October last year. HCC, in a […]
Ficci committee urges govt to directly pay interest of delayed road projects to banks
In a bid to fast-track highway projects, industry body Ficci Monday urged the government to help the BOT and EPC concessionaires in the road sector by paying directly to banks for the interest accrued on loans by them in the delayed projects. Many highway projects under the Build-Operate-Transfer (BOT) and Engineering, Procurement and Construction (EPC) […]