In a move that could increase money in the pockets of people on whose land highways would be built, Road Ministry has asked States to expedite disbursement of ₹ 25,000 crore, which is meant to be distributed to landowners. This was a part of discussion in the meeting that Road Transport and Highways Minister Nitin […]
Category: Roads
Roads
IRB Infra’s board approves ₹2,500-cr fund-raise plan
Highways developer IRB Infrastructure on Sunday said that its board has approved fund raising of up to ₹2,500 crore. The fund-raising is aimed at providing interim support for restarted operations and working capital requirement, in view of likely delays in compensations from authorities as a result of the Covid-19 outbreak. The board has approved fund-raising […]
A&M Development group to develop and construct mega projects in India
Europe-based infrastructure development company A&M Development Group has announced that it will be establishing its office in India as Oberoi-A&M Infra-Consortium Pvt Ltd (under incorporation). With this announcement, A & M and Polaris Energy Resources Inc. (USA), will develop & construct mega projects in India via the EPC (export packing credit) + Finance model, as […]
A&M Development group to develop and construct mega projects in India
Europe-based infrastructure development company A&M Development Group has announced that it will be establishing its office in India as Oberoi-A&M Infra-Consortium Pvt Ltd (under incorporation). With this announcement, A & M and Polaris Energy Resources Inc. (USA), will develop & construct mega projects in India via the EPC (export packing credit) + Finance model, as […]
Road Ministry launches list of dhabas and truck repair shops on highways
The Ministry of Road Transport and Highways (MoRTH) has created a dashboard on its website for providing details of dhabas and truck repair shops available across the country, said an official release. The list is dynamic and will be updated as various States permit more dhabas. Some States like Uttar Pradesh and Assam have permitted […]
National Highways Builders Federation seek financial relief
National Highways Builders Federation (NHBF) has written to the government urging it to provide financial relief to concessionares and EPC contractors in the backdrop of a lockdown due to Covid-19. The relief will help the concessionaires in paying staff salaries and other expenses incurred. With the Covid-19 outbreak, the entire highway industry is a complete […]
NHAI to resume toll collection from April 20
The National Highways Authority of India (NHAI) will resume toll collection on national highways from April 20, as per a government communication, a move which is being opposed by the transport fraternity. The Government had on March 25 announced temporarily suspending toll collection on national highways to ease emergency services given the coronavirus outbreak. “In […]
40-day lockdown: NHAI loss estimated at ₹1,822 crore due to toll suspension
NHAI may have to take an estimated loss of ₹1,822 crore due to the 40-day Covid-19 lockdown. With goods traffic, both inter and intra-State allowed to ply from April 20, in case the toll suspension is revoked with effect from April 20, the loss could reduce to ₹1,181 crore, according to estimates by rating agency […]
ICRA sees highway toll collections dipping
Toll collections from highways for financial year 2019-20 are expected to be down by 2-3 per cent as against the previous fiscal, estimates rating agency ICRA. This is due to three reasons — vehicles being allowed to carry more cargo due to higher axle norms, general slowdown in economy and, finally, the partial lockdown brought […]
PMGSY roads maintenance faces fund crisis, needs at least ₹75,000 crore for five years
India’s rural road network built under the flagship Pradhan Mantri Gram Sadak Yojna is in urgent need of repairs but states are not spending enough for the upkeep of these roads, the construction of which started in December 2000. This has been a cause for concern for the Ministry of Rural Development, the nodal ministry […]
IL&FS 90-day debt resolution: NCLAT says lockdown period will be excluded
NCLAT has said that the period of lockdown will be excluded from the 90-day deadline set for the completing the debt resolution process of IL&FS. “The period of lockdown/shutdown ordered by the Central Government and the State Governments shall be excluded for the purpose of counting the period of 90 days as has been ordered […]
Infra firms staring at liquidity crunch, project delays
Construction and infrastructure companies are in for tough times ahead, with liquidity concerns having a cascading impact on their businesses. Interaction with sector companies, analysts and rating firms brings out some near-term concerns for the sector. Liquidity concerns YD Murthy, Executive Vice-President Finance,NCC Ltd, said, “Faced with liquidity concerns and delayed payments, the next few […]