Category: Roads

The IL&FS board, led by Uday Kotak, on Monday revised the quantum of debt it expects to resolve to Rs 57,000 crore, more than half the total debt of Rs 99,000 crore. Of this, Rs 50,500 crore will be addressed by March 2021, the board said while revised the debt estimates to Rs 99,000 crore. […]

Cash-strapped Infrastructure Leasing and Financial Services (IL&FS) Group on Monday said it expects to address over Rs 57,000 crore of debt, which is above 50 per cent of its overall debt of Rs 99,000 crore. Of this, the group estimates to address close to Rs 50,500 crore of its debt by March 2021 and an […]

In the wake of India-China border tensions, the focus has now shifted on the completion of the infrastructure development projects by the Border Roads Organisation in the state of Arunachal Pradesh. The defence minister Rajnath Singh had earlier this month had reviewed the progress of all the development projects of the Border Roads Organisation (BRO) […]

Better connectivity in Sikkim! In the northern part of Sikkim, a two-lane steel structure said to be the country’s only arch-bridge, is scheduled for completion by March 2021. The bridge boasts the longest span of 217 metres between its two piers. According to an official quoted in a PTI report, it is expected that the […]

Delhi-Mumbai Expressway update: The ambitious project of the Modi government under Bharatmala initiative, the Delhi-Mumbai Expressway is all set to give a boost to the country’s infrastructure in the coming years! Interestingly, it is also going to be one of the country’s longest expressways. The Union Minister of Road Transport and Highways, Nitin Gadkari recently […]

IRB Infrastructure was India’s first private concessionaire for a highway project under the build-operate-transfer (toll) model. While BOT projects went out of fashion for a long period, a resurgence of investor interest is visible lately. And IRB has again emerged as the preferred bidder for one of the two BOT projects on offer. Speaking to […]

Singapore-based Cube Highways and Infrastructure, an active player in the highway space in India with over 8,500-km projects portfolio, hasn’t yet made the requisite upfront payment of Rs 5,011 crore and taken possession of the nine toll-operate-transfer (TOT) stretches, which it had won under auctions held in last November. The due date for making the […]

L&T Infrastructure Finance Company, a subsidiary of L&T Finance, has bagged a $100-million external commercial borrowing (ECB) loan from Asian Infrastructure Investment Bank (AIIB). The company has received the first tranche of $50 million, of the total $100 million ECB, it said in a release. The loan proceeds will be used to on-lend to large […]

Amidst the ongoing border tensions between India and China along the Line of Actual Control (LAC), six critical bridges were unveiled by the defence minister Rajnath Singh today in Jammu and Kashmir. Out of the six bridges built by the Border Roads Organisation (BRO) four are in Akhnoor sector and two in Jammu-Rajpura area. Constructed […]

Zojila tunnel: Soon, all-year connectivity between Kashmir and Ladakh regions! The development work will begin shortly on the strategic Zojila tunnel, Union Minister Nitin Gadkari recently announced. The tunnel will provide all-year connectivity between the regions of Kashmir and Ladakh. Stalled for nearly six years, the Zojila tunnel project holds strategic significance as the Zojila […]

The National Highways Authority of India (NHAI) has set up a 4-member search-cum-selection panel, comprising HDFC chairman Deepak Parekh and former highway secretary Sanjay Mitra, to appoint a chairman and two independent directors, to manage its Infrastructure Investment Trust (InvIT). The other members of the committee are ICICI Bank chairman Girish Chandra Chaturvedi and NHAI […]

The Chinese presence in India’s highway construction sector is now limited to just four companies who are joint venture partners of local firms in over a dozen stretches with a total length of less than 1,000 km. Though this is a marginal role in a country, which has been constructing over 10,000 km of highways […]