The National Highways Authority of India (NHAI) has come up with a list of high-traffic density corridors for private developers to build and operate under the BoT model. However, further risk mitigation on the lines of the Hybrid Annuity Model may be required to make it lucrative enough, says Mukesh Jagota. l The return of […]
Category: Roads
NHAI raises Rs 15695-cr more via InvIT route; on track to raise over Rs 45,000 cr from asset transfers in FY24
The National Highways Authority of India (NHAI) has raised Rs 15,625 crore from monetisation of 10 highway stretches totalling 890-km, through infrastructure investment trust (InvIT) route. The latest round of InvIT takes the total amount raised by the agency through monetisation so far to Rs 1 trillion – Rs. 42,334 crore through TOT, Rs 26,125 […]
‘India has world’s second largest road network’: Gadkari says record budget allocation fueling expansion
India has the second largest road network in the world, with about 63.32 lakh km of roads as of March 2019. This is a remarkable increase from about 54.02 lakh km in March 2014. The Union Minister of Road Transport and Highways, Nitin Gadkari, shared this information in a written reply to the Lok Sabha […]
HCC posts consolidated profit of Rs 233 crore in Q3
Hindustan Construction Company (HCC) on Thursday reported a consolidated profit of Rs 233.22 crore in the December quarter. The company had clocked a net loss of Rs 283.72 crore in the year-ago period, the company said in a BSE filing. Its total income in the third quarter of the ongoing fiscal rose to Rs 1,512.30 […]
Ministry asks NHAI, others to expedite pace of highway awards
As contracting for construction of new highway projects this financial year lags behind targets by a huge margin the Ministry of Road Transport and Highways has asked its implementing agencies to improve their progress in awarding of contracts. “Implementing agencies have been advised to expedite pre-construction activities like land acquisition, regulatory clearance for environment, forest, […]
Major push to highways! FM Nirmala Sitharaman raises NHAI allocation to Rs 1.68 lakh crore in FY25 budget
Finance Minister Nirmala Sitharaman announced a marginal increase in the allocation to the state-owned National Highways Authority of India (NHAI) to Rs 1.68 lakh crore for the financial year 2024-25, up from the revised allocation of Rs 1.67 lakh crore in the previous year. The pre-election Budget 2024-25 document also revealed a marginally enhanced outlay […]
Jammu-Srinagar Highway remains shut for second consecutive day due to landslides, over 400 vehicles stranded – More details inside
The Jammu-Srinagar national highway, which connects Kashmir with the rest of the country, remained closed for the second day on Friday due to landslides at various places. As per the officials, authorities are trying to clear the landslip debris and restore the traffic on the road connecting Kashmir, to bring normalcy in vehicular movement. “More […]
FASTag KYC deadline extended! NHAI gives more time to complete KYC and surrender tags
The National Highways Authority of India has given an extension on the deadline for completing the Know Your Customer (KYCs) for FASTags. It has extended the timeline by a month setting the deadline to February 29, 2024. This will bring relief to a large number of vehicle owners. Before the extension, January 31st was the […]
FASTag KYC deadline ends today! NHAI to deactivate accounts with incomplete KYC – Here’s how to update and other details
The National Highways Authority of India has announced that the FASTags with incomplete KYC will be deactivated by banks on January 31, 2024. It is advisable for anyone with a car equipped with a FASTag to verify the status of their KYC. NHAI points out the significance of completing KYC for FASTags in compliance with […]
Mumbai Trans Harbour Link buzz: Clocks nearly 30,000 vehicles daily in first 10 days, records remarkable toll figures
Mumbai’s Trans Harbour Link (MTHL), the city’s newest and longest sea bridge, has been making waves (quite literally) since its inauguration on January 12th. In just 10 days, it has seen an average of nearly 30,000 vehicles zipping across its 21.8 km stretch, generating a daily revenue of Rs 61.50 lakh through tolls, a report […]
Highways ministry to adopt qualitative tendering process instead of L1 system, says Nitin Gadkari
Union Minister Nitin Gadkari said that the highways ministry will shift to quality-cum-cost based system for the selection of bids for different road construction-related projects in place of the age-old least-cost selection process. The step is aimed at improving the quality of different infrastructure-related works in India, the minister said at an event organised by […]
Road ministry targets to fix 9,000 accident black spots on NHs by March next year, says secretary
The Ministry of Road Transport and Highways (MoRTH) has set a hard target to fix 9,000 accident-prone black spots on national highways (NHs) by March next year, said its secretary Anurag Jain on Wednesday. About 4,000 black spots have been rectified in the last three years, said Jain. “At present, more than 9,000 black spots […]