NEW DELHI : 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 in view […]
Category: Roads
NHAI achieves 88% of highway construction target in FY20
National Highways Authority of India (NHAI) on Monday said it has constructed 3,979 km of national highways in the financial year 2019-20, against the target of building 4,500 km highways that was set in the beginning of the year. In the financial year 2018-19, NHAI built 3,380 km of national highways. “With the increased pace […]
Virus sparks a highway war between Kerala, Karnataka
The covid-19 outbreak has sparked an interstate dispute over the ‘right to the highway’. With growing concern over the rapid rise of cases in Kerala, neighbouring Karnataka had closed all roads across the Dakshina Kannada, Kodagu and Mysuru districts. Subsequently, the Kerala high court passed an order directing Karnataka to lift the ban. On Friday, […]
What explains the drop in L&T’s valuations below 2008 crisis lows
Larsen and Toubro Ltd’s (L&T’s) shares trade at a price-to-book valuation that is even below levels during the peak of the 2008 global financial crisis, according to the estimates by Jefferies India Pvt. Ltd. The infrastructure conglomerate’s shares have been underperforming the broad markets for a while now, but things have become worse recently. Since […]
How coronavirus and lockdown will hit prospects of infra firms
The 21-day lockdown is a far more complex problem for the construction sector, than other large industries. Since the sector relies heavily on contract labour, the suspension of trains and bus services has restricted the mobility of the workers. “Due to the Holi holidays, the labour force had reduced to 60-65%, since then labourers have […]
Covid-19 lockdown: NHAI to suspend toll collections till 14 April
NEW DELHI: The road transport and highways ministry has asked the National Highways Authority of India (NHAI) to suspend toll collections across the country until 14 April during the 21-day lockdown period. Maintenance of roads and availability of emergency services at toll plazas will, however, continue. The lockdown is effective 25 March and was announced […]
IndInfravit completes acquisition of Sadbhav’s road assets for ₹6,300 crore
MUMBAI : IndInfravit Trust, an infrastructure investment trust (InvIT) sponsored by the L&T Group, on Thursday, said it has completed the acquisition of nine operational road assets from Sadbhav Infrastructure Project Ltd for ₹6,300 crore. “InvIT, as a structure has facilitated a new investor class with a keen interest to allocate large capital towards infrastructure […]
Fall in RBI policy rate poses a risk to HAM road project cash flows
When the hybrid annuity model (HAM) for road projects was introduced a few years ago, it was believed that the move would save the sector delays and cost overruns, which had earlier pushed developers into a debt trap. However, some potholes seem to appeared. HAM projects are in a strange situation where policy rate cuts […]
Mumbai-Pune expressway toll rate set to increase from April
Toll rates on Mumbai-Pune expressway are set to increase from April 1, news agency Press Trust of India reported. The new toll rates for cars will increase from ₹230 to ₹270, while for mini buses it will go up from ₹355 to ₹420 for trucks, and it will rise from ₹493 to ₹580 for heavy […]
NHAI postpones last date for TOT4 bids hoping to garner more buyers
The National Highways Authority of India (NHAI) has decided to extend the last date for submission of bids to 11 March for its fourth package of road assets under toll-operate-transfer (TOT) model. The original deadline lapsed in January. Last month, the NHAI had also cut the size of the package by half in value to […]
Nitin Gadkari invites players for electric lane of Delhi-Mumbai Expressway
NEW DELHI : Union minister Nitin Gadkari on Thursday urged industry players to join hands with the government for the proposed electric lane on ₹1.03 lakh crore Delhi-Mumbai Expressway while promising to provide policy support to serious players. He said while a stretch of the Delhi-Mumbai Expressway is planned as electric lane, the Delhi-Jaipur part […]
Govt seeks additional 270 days to complete resolution for 105 IL&FS group companies
New Delhi: The government has approached the National Company Law Appellate Tribunal seeking additional 270 days to complete resolution process of 105 IL&FS group companies. The Ministry of Corporate Affairs (MCA) has also requested the appellate tribunal to release 55 other entities from moratorium, so that they can discharge their debt obligations. Certain protection and […]