Infrastructure projects worth Rs 8 lakh crore are currently under various stages of implementation in Maharashtra, the highest in any state, Chief Minister Eknath Shinde said on Friday. He said Maharashtra was No. 1 state in attracting Foreign Direct Investment (FDI) and one of the biggest contributors to the country’s Gross Domestic Product (GDP).
Category: Roads
Road ministry sanctions Rs 1,697 cr for NH projects in 3 states
Ministry of Road Transport and Highways (MoRTH) has sanctioned Rs 699.19 crore for upgradation of a section of National Highway 58 in Palanpur, Gujarat. The amount will be used to upgrade Khokhra Gujarat Border – Vijayanagar – Antarsuba – Mathasur road section of NH-58, according to an official statement. NH-58 connects Gujarat and Rajasthan and […]
Network Planning Group evaluates key infrastructure projects including Multi Modal Logistics Park in Maharashtra
The 67th meeting of the Network Planning Group (NPG) was held on March 12, 2024, in New Delhi, to assess three projects from the Ministry of Road Transport and Highways (MoRTH) and two projects from the Ministry of Railways (MoR), the Ministry of Commerce and Industry said in a release on Wednesday. The meeting, led […]
Dwarka Expressway: Delhi to Dwarka in just 30 minutes. Here’s why India’s first elevated highway is special
Dwarka Expressway: PM Modi will throw open a section of the Haryana part of Dwarka Expressway on March 11. This part of the expressway stretches from Dwarka (Delhi) to Kherki Daula Toll Plaza (Gurgaon, Haryana). This section of the Dwarka expressway will make travel easier and faster between Haryana and Delhi’s IGI Airport. The travel […]
FASTag KYC deadline over; steps to check if your FASTag is still active
The deadline for updating your FASTag KYC was February 29 as set by the National Highway Authority of India (NHAI). “One Vehicle, One FASTag” is a campaign that NHAI has started to prevent owners of single cars from participating in the multiple FASTag scheme ET Online called the NHAI helpline number 1033, and the customer […]
CBI arrests NHAI general manager in Rs 20-lakh bribery case
The CBI has arrested a general manager of the National Highways Authority of India (NHAI) in an alleged bribery case of Rs 20 lakh in Maharashtra’s Nagpur, officials said on Sunday. Arvind Kale, who is also a project director, allegedly received the bribe from a private company, they said. The Central Bureau of Investigation (CBI) […]
Dwarka Expressway: Decade-long wait may end next week. Here is the latest update on inauguration
Prime Minister Narendra Modi is set to kickstart the inauguration of the Dwarka Expressway’s city section on March 11, Union minister and MP Rao Inderjit Singh announced. Prime Minister Narendra Modi is also likely to organise a road show originating from Delhi on the day. While Chief Minister Manohar Lal Khattar also confirmed the inauguration […]
GMR Highways raises Rs 700 cr debt to prepay Yes Bank
GMR Highways has raised ₹700 crore debt from foreign portfolio investors Zeal Global Opportunities Fund and Nova Global Opportunities Fund to prepay loans raised from Yes Bank, said two people with knowledge of the matter. Both invested ₹350 crore each in secured, unlisted and unrated bonds of GMR Highways maturing on February 20, 2028.
Road ministry to release excess performance security deposit to contractors to ease liquidity crunch
The ministry of road transport and highways will cap the additional performance security deposit for existing road contractors building highways on the engineering-procurement-construction (EPC) mode to 3% of the bid price and release any additional performance security deposited by them at the time of bidding to ease the liquidity crunch.
Multiple flyover, foot overbridge projects to be completed by March 31: Delhi Economic Survey
Some flyovers and foot overbridges are likely to be completed in 2024 that will ease traffic congestion and facilitate pedestrian movement, according to the Delhi Economic Survey 2023-24. Finance Minister Atishi presented the Economic Survey in the Delhi Assembly on Friday. According to the survey, three footover bridges that are under construction at Sri Aurobindo […]
PM Modi to launch multiple development projects in West Bengal, Bihar today
Prime Minister Narendra Modi will inaugurate, lay the foundation stone of and dedicate to the nation multiple development projects worth crores in West Bengal and Bihar on Saturday. The Prime Minister who is on a two-day visit to three states, reached West Bengal’s Arambagh on Friday afternoon where he launched several development projects and addressed […]
National Highways Infra to debut private bond placement by April, sources say
India’s National Highways Infra Trust (NHIT) is set to tap the domestic corporate bond market via a debut private placement of bonds in the next two months, four sources directly aware of the matter said on Friday. The company is likely to opt for longer-duration bonds of more than 15 years and would look to […]