Due to road closure near IP Depot on Ring road, traffic is heavy on Bhairon Marg. Commuters are advised to avoid Bhairon Marg via Ring road to Rajghat side and take Mathura road, ITO for Rajghat, says Delhi Traffic Police.
Category: Roads
NHAI to collaborate with IITs, other institutes for improving highways
NEW DELHI : The National Highways Authority of India (NHAI) on Monday said it will partner with institutes like Indian Institutes of Technology (IITs) for improving road infrastructure ecosystem. The objective is to leverage the intellectual prudence of students and faculty towards improvement of road infrastructure ecosystem of the country. “In its endeavour to provide […]
NHAI to rank highways to improve quality of roads
NEW DELIHI: In a first, the National Highways Authority of India (NHAI) will conduct a performance assessment and rank highways across the country to improve quality of roads and mobility across the country, the highways authority said on Monday. The assessment parameters will based on different international practices and studies for benchmarking highway performances in […]
Now, highways in India will be ranked based on service quality, safety
In a bid to improve the roads across the country, the National Highways Authority of India has decided to rank the highways based on an audit. The aim is to “improve the quality and provide higher level of service to highway commuters.” “In its effort to improve the quality of roads, the National Highways Authority […]
NHAI moves step ahead to set up InvIT
Road Transport and Highways ministry on Friday says National Highways Authority of India will soon set up Infrastructure Investment Trust (InvIT). Towards this, a new company is being set up to act as the investment manager to the proposed InvIT. InvIT is an investment scheme similar to a mutual fund that allows investment from individuals […]
NHAI to set up InvIT, forms committee to select best talent
The National Highway Authority of India (NHAI) will set up an Infrastructure Investment Trust (InvIT) to facilitate investment in the highway sector. With this move, the NHAI will be the first InvIT to be sponsored by any government or semi-government entity in the country. Moreover, in order to select the best talent from the market […]
PNC Infratech jumps 16% on receipt of LoA for NHAI project
MUMBAI: Shares of PNC Infratech surged 16.5% on Friday after the company said it has received a Letter of Award (LOA) from National Highway Authority of India for a project worth ₹1,412 crore. At 1100 am, the stock traded at ₹144.20, up 8.4% from previous close, while the benchmark Sensex was up 0.4% at 34,971.53. […]
LAC row: Govt to expedite work on 32 road projects along China border
NEW DELHI: The Home Ministry on Monday reviewed progress on the construction of more than 30 roads along the Line of Actual Control (LAC) border with China, coinciding with crucial talks between senior military commanders of India and China to de-escalate tensions. The review was undertaken by Sanjeeva Kumar, Secretary (Border Management) – the second […]
NHAI settles claims worth ₹13,349 crore over 3 years
The National Highways Authority of India (NHAI) has settled claims worth ₹13,349 crore for ₹3,743 crore, since financial year 2017-18, road transport and highways ministry said on Wednesday. “Till Now, 108 cases have been referred to CCIE (Conciliation Committees of Independent Experts) and claims worth ₹13,349 crore have been successfully settled for an amount of […]
Road developers see toll revenues pick up as highway traffic returns
MUMBAI : After nearly a three-month slump, highway road operators are starting to see toll revenues pick up in June. As economic activity resumes gradually, and curbs are lifted on inter-state transport, industry experts estimate that highway traffic and toll revenues have recovered to 70-75% of their pre-covid levels. “We’re seeing nearly a 75% return […]
NHAI goes ‘fully digital’ to expedite decision-making process
The National Highways Authority of India on Friday said it has is unique cloud based and artificial intelligence powered big data analytics platform –Data Lake and Project Management Software–,which will expedite decision-making process and reduce pending disputes. “With advance analytics, the Data Lake software will forecast the delays, likely disputes and will give advance alerts. […]
Slow transmission of rate cuts affects returns on HAM road projects
The slow transmission of the Reserve Bank of India’s (RBI) prescribed bank rate cuts in project lending rates will impact debt service coverage ratios in operational hybrid annuity model (HAM) based projects, according to a note by ratings agency India Ratings and Research. “A sluggish transmission in project’s interest rate was not originally envisaged by […]