Nitin Gadkari, the Union Minister for Road Transport and Highways on Monday said that the Dwarka Expressway, which will be India’s first elevated urban expressway, will be operational by 2023. Here are 10 points on the project:
Category: Roads
NHEV ties up with UNL Global to geofence Jaipur-Delhi-Agra E-Highway
The Jaipur-Delhi-Agra E-Highway will be geofenced to allow electric vehicles on the route run on a theft-proof relay model. A similar model exists in Goa and several countries in Europe to enable tourists to get cars without any drivers. In a similar manner, tourists on the Jaipur-Delhi-Agra E-Highway will be able to avail themselves of […]
Govt approves construction of Rs 2,415-cr project to connect Haryana with Jewar airport in UP
Union minister Nitin Gadkari on Thursday announced that the government has approved the construction of a road linking Haryana to the upcoming Jewar International Airport in Gautam Budh Nagar district of Uttar Pradesh. The construction of greenfield connectivity to Jewar International Airport (connecting Delhi-Mumbai Expressway) from DND Faridabad-Ballabhag Bypass KMP link in Gautam Budh Nagar […]
Rs 926-crore six-lane tunnel project on Pune-Satara highway to be completed by 2023: Nitin Gadkari
The six-lane tunnel on Pune-Satara highway being constructed at an estimated cost of Rs 926 crore is expected to be completed by March 2023, Union road transport and highways minister Nitin Gadkari said on Wednesday. The new tunnel at Khambatki Ghat on National Highway-4 is a twin tunnel with three lanes each, the minister said, […]
NHAI plans to raise up to Rs 4000 crore for its InvIT
State-run National Highways Authority of India (NHAI) is planning to raise up to Rs 4,000 crore for its infrastructure investment trust (InvIT), which is set to accelerate road asset acquisition, likely by forming a new special purpose vehicle under the trust structure. While half of the funds may be raised by selling units in the […]
NHAI InvIT likely to raise up to Rs 4,000 crore via two legs
State-run National Highways Authority of India (NHAI) is planning to raise up to Rs 4,000 crore for its infrastructure investment trust (InvIT), which is set to accelerate road asset acquisition, likely by forming a new special purpose vehicle under the trust structure. While half of the funds may be raised by selling units in the […]
TCIL bags Rs 350 crore flyover construction deal from Mizoram government
NEW DELHI: The Telecommunications Consultants of India Limited (TCIL) has signed a Memorandum of Understanding (MoU) with the Public Works Department (PWD) of Mizoram government for the construction of two flyovers, in a deal which is worth Rs 350 crore. The deal is expected to help the public sector consultancy firm to further increase its […]
Road contractors set for a decline in margins: CRISIL
The operating profitability of road EPC (engineering, procurement and construction) contractors is expected to decline by 200-250 basis points (bps) according to CRISIL NSE 1.22 %. Margins will be a decadal low this fiscal but despite the fall, the credit profiles of road EPC players will remain stable. This is supported by deleveraged balance sheets, […]
Nitin Gadkari urges road makers to plan safer highways
A large number of deaths on Indian highways could be an outcome of poor planning that urgently needs to be addressed according to Road Transport Minister Nitin Gadkari. Speaking at the innovation and excellence in road construction with National Highways Excellence Awards (NHEA) 2021, Gadkari spoke about the recent accident near Damta in Uttarakhand where […]
G7 aims to raise $600 bn to counter China’s Belt and Road
Group of Seven leaders pledged on Sunday to raise $600 billion in private and public funds over five years to finance needed infrastructure in developing countries and counter China’s older, multitrillion-dollar Belt and Road project. U.S. President Joe Biden and other G7 leaders relaunched the newly renamed “Partnership for Global Infrastructure and Investment,” at their […]
Gadkari lays foundation stone of 9 projects worth Rs 1,357 crore in Rajasthan
Union Minister for Road Transport and Highways Nitin Gadkari on Monday inaugurated and laid the foundation stone of 9 NH (National Highway) projects of 243 km length worth Rs 1,357 crore in Rajasthan. Speaking at an event, he said that widening the Ninawa section from Sanchore on NH-168A in the state will boost business for […]
423 infrastructure projects show cost overruns of Rs 4.95 lakh crore
As many as 423 infrastructure projects, each entailing an investment of Rs 150 crore or more, have been hit by cost overruns of more than Rs 4.95 lakh crore, as per a report. According to Ministry of Statistics and Programme Implementation, which monitors infrastructure projects of Rs 150 crore and above, out of 1,568 projects, […]