The Comptroller and Auditor General (CAG) of India came down heavily on the National Highways Authority of India (NHAI) for giving undue benefits to concessionaires and violating the sanctity of contracts by making post-tender amendments favourable for the private parties, granting concessions to them beyond the scope of the legally binding agreement. The top auditory […]
Category: Roads
NHAI extended undue benefit to concessionaires, says CAG report
In its compliance audit report on ‘Rationalisation/Deferment of Premium in BOT Projects in NHAI’, the CAG noted that the National Highways Authority of India (NHAI) extended undue benefit to concessionaires. National Highways were being developed under different mode of execution including Built Operate & Transfer (BOT) (Toll), Built Operate & Transfer (BOT) (Annuity) and Engineering, […]
NHAI debt stands at Rs 3.49 trillion: Nitin Gadkari informs Parliament
The total outstanding debt of state-owned National Highways Authority of India (NHAI) stood at around Rs 3.49 lakh crore as of March 31, 2022, Parliament was informed on Wednesday. In a written reply to the Rajya Sabha, Road Transport and Highways Minister Nitin Gadkari said the fund required by NHAI for debt servicing in 2022-23, […]
Govt wants to end problem of long queues at toll plazas: Nitin Gadkari
The government is looking at new technologies to replace toll plazas in the country and the new system will be introduced in the next six months, Transport minister Nitin Gadkari informed Rajya Sabha on Wednesday. Replying to supplementaries during the Question Hour in the upper house, the minister said toll plazas have created many problems […]
SP Group sells entire stake in Jammu highway project to NIIF for $290 mn
The Shapoorji Pallonji Group on Tuesday announced the divestment of its entire shareholding in SP Jammu Udhampur Highway Ltd to the National Investment and Infrastructure Fund (NIIF) for USD 290 million (about Rs 2,200 crore). The group in a statement said SP Jammu Udhampur is the developer for the Jammu-Udhampur highway project under a concession […]
New investment through China’s BRI drying up in Pakistan and Russia
New investment in Russia through Chinas Belt and Road Initiative (BRI) fell to zero in the first half of 2022, while Chinese outlays in Pakistan dropped by 56 per cent during the same period, the media reported. According to the RFE/RL, these are the findings of a new report from the Green Finance and Development […]
Portion of flyover on Gurugram-Jaipur Expressway damaged: Officials
A portion of a flyover on the Gurugram-Jaipur Expressway fell on the road below on Sunday after cracks appeared in it, officials said. A three-foot block from the flyover at the Shikopur crossing fell on the road below around 9:30 am. A major accident was averted since it was a Sunday and there was not […]
384 infra projects show cost overruns of Rs 4.66 trillion, says report
As many as 384 infrastructure projects, each entailing an investment of Rs 150 crore or more, have been hit by cost overruns of more than Rs 4.66 lakh crore, as per a report. According to the Ministry of Statistics and Programme Implementation, which monitors infrastructure projects of Rs 150 crore and above, out of 1,514 […]
Why ED not probing corruption in Bundelkhand Expressway project: Akhilesh
Alleging misuse of central probe agencies by the Union government against Opposition leaders, Samajwadi Party chief Akhilesh Yadav on Thursday sought to know why the Enforcement Directorate did not swing into action over “corruption” in the Bundelkhand Expressway project. “The Enforcement Directorate (ED) has become a tool to harass Opposition leaders on directions of the […]
Incessant rains, landslides block Jammu-Srinagar national highway
Landslides triggered by rain on Thursday blocked the Jammu-Srinagar national highway. Traffic department officials said incessant rains triggered landslides in Panthyal and Mehad stretches. “The Amarnath Yatra convoys those left Jammu have been halted at Chanderkote. Travellers are advised not to undertake the journey before confirming the status of the highway from our control rooms […]
Jammu-Srinagar highway closed for traffic due to landslides, bad weather
The Jammu-Srinagar National Highway has been closed for vehicular traffic due to landslides and shooting stones at Jammu and Kashmir’s Ramban district, Police said on Wednesday. “Jammu-Srinagar NHW (NH-44) blocked at Mehad Ramban due to shooting stones. People are advised not to travel along Jammu-Srinagar NHW without confirmation from TCU Jammu/Srinagar/Ramban,” Jammu and Kashmir Traffic […]
Nitin Gadkari pulls up NHAI officials for not visiting project sites
Union Minister Nitin Gadkari on Tuesday pulled up the NHAI officials here for not visiting project sites, which is responsible for the delay and poor quality of work. The road transport and highways minister said that on Monday, he held a meeting with NHAI and National Highways and Infrastructure Development Corporation Ltd (NHIDCL) officials on […]