New Delhi: Around 85 per cent of road projects are likely to be completed by the end of this fiscal, as the steps taken by the government to ensure faster clearances like monitoring and quicker resolution of issues have started showing results, Road Transport and Highways secretary Anurag Jain said on Wednesday. Jain said, the […]
Category: Roads
Rajasthan: PM Modi unveils projects worth Rs 7,000 cr in Chittorgarh
Prime Minister Narendra Modi on Monday unveiled various development projects worth over Rs 7,000 crores in Chittorgarh, Rajasthan. Prime Minister dedicated the Mehsana-Bhatinda-Gurdaspur Gas Pipeline to promote a gas-based economy.
National Highways to be pothole free by December this year: Nitin Gadkari
The government will soon firm up a roadmap to make India’s national highways pothole free by December 2023 with construction focus shifting from the engineering, procurement and construction (EPF) model to build-operate-transfer (BOT) model and the hybrid annuity model (HAM) for government projects under the ministry of road transport and highways.
India may aim to monetise $24 bn worth of highways by 2027
The Indian government plans to generate revenue of approximately two trillion rupees (equivalent to $24.1 billion) by monetising highways in the coming years, said rating agency CareEdge. According to the agency’s report, the National Highways Authority of India is expected to build approximately 4,000 to 4,500 kilometers (equivalent to 2,796.2 miles) of new roads annually […]
Infra development is key for making India a $5 trillion economy: Nitin Gadkari
Here is an excerpt from a talk with Nitin Gadkari, Union Transport Minister, 8th Edition of ET Now Infra Focus Summit & Awards. ET Now: Let’s talk about the infra scene… Nitin Gadkari: The dream of our Prime Minister is to make India a $5 trillion economy and for that reason, the most important thing […]
As many as 412 infra projects show cost overruns of Rs 4.77 lakh crore in Aug: Official report
As many as 412 infrastructure projects, each entailing an investment of Rs 150 crore or more, have been hit by cost overruns of more than Rs 4.77 lakh crore in August this year, an official report said. According to the Ministry of Statistics and Programme Implementation, which monitors infrastructure projects worth Rs 150 crore and […]
Himachal Pradesh: National Highway 5 reopens 10 days after Kinnaur landslide
The National Highway (NH) 5 has reopened for traffic after being blocked for 10 days due to a significant landslide in Kinnaur district. Initially, it was opened for pedestrians in the morning, and later one-way traffic was restored, as per officials. KL Suman, Executive Engineer of the National Highway Authority, said, “The road has started […]
Ashoka concessions restarts talks to sell BOT toll road assets
Ashoka Concessions, a subsidiary of highway builder Ashoka Buildcon, has restarted negotiations to sell its build-operate-transfer (BOT) toll road assets after PE major KKR terminated the proposed transaction in May. Global funds such as Canada’s CDPQ, Macquarie, Cube Highways, and India’s NIIF are in early stages of talks to acquire the assets, multiple people aware […]
Repayment worries: Lenders’ debt recast plan for MEP Infra hinges on a green light at the toll booth
Mumbai: A restructuring plan by lenders to the debt-laden toll collector MEP Infrastructure (MIPL) has been delayed for over six months as the Maharashtra government is yet to approve the proposal for extension of its rights even as banks are anxious about their dues from the account which has been classified as a non-performing asset […]
Bengaluru-Chennai express highway to start by January next year, says Nitin Gadkari
Union Minister of Road Transport and Highways Nitin Gadkari addressed the 75th anniversary of Ashok Leyland Limited in Chennai Trade Centre and said the progress of National Highways projects in Chennai has been reviewed by him and the Bengaluru-Chennai Express Highway will start by this year-end or first month of next year. “We are developing […]
Bengaluru-Chennai express highway to become operational by this year-end, says Nitin Gadkari
The Bengaluru-Chennai express highway will be launched by this year-end or January 2024 and it will prove crucial in reducing the travel time between the two metros to just two hours, Union Minister for Road Transport and Highways Nitin Gadkari said on Thursday. Also, with the massive infrastructure being built across the country, Chennai will […]
India showcases PM Gatishakti National masterplan at ADB conference
India took centre stage at the ‘2023 Regional Cooperation and Integration Conference: Strengthening Regional Cooperation and Integration through Economic Corridor Development (ECD),’ organized by the Asian Development Bank (ADB) in Tbilisi, Georgia, from September 5 to 7. The event witnessed participation from more than 30 member countries, including senior officials from ADB’s Developing Member Countries, […]