Edelweiss Alternative Asset Advisors on Sunday said its alternate investment fund, Edelweiss Infrastructure Yield Plus, along with Sekura Roads has acquired two road assets of Vishakhapatnam headquartered Navayuga Group. It, however, did not disclose the acquisition amount. The fund has acquired two road assets including Navayuga Dhola Infra Projects in Assam and Navayuga Dibang Infra […]
Category: Roads
Purvanchal Expressway: 10 things to know about India’s longest expressway project in Uttar Pradesh
Purvanchal Expressway: India’s longest expressway – the Purvanchal Expressway in Uttar Pradesh is likely to be completed by the end of the year! After a delay of almost two months due to the COVID-19 induced nationwide lockdown, hectic efforts are underway to complete the expressway project by this year-end, months ahead of the official deadline […]
UP amends revenue code, simplifies land acquisition process to expand land bank for industries
In order to make it lucrative for fresh overseas investments into the state, the Uttar Pradesh government has taken several decisions to enhance its land bank. It has amended the Revenue Code and also decided to simplify the process of land acquisition within a distance of one kilometre on both sides of the expressways under […]
‘NHAI capable of raising requisite funds from market’
The total debt of the National Highways Authority of India (NHAI) went up by nearly 9.5 times to Rs 2,28,252 crore in February this year, from Rs 24,188 crore as on March 31, 2015. There are concerns that debt repayment, pay-out money involved in arbitration, higher levels of construction and cost thereon might aggravate its […]
Road To Revival! Liquidity boost to create jobs, pep up demand: Nitin Gadkari
Minister for MSMEs and road transport and highways Nitin Gadkari on Monday said the recent steps announced by the government to boost liquidity and credit flows would also bolster “the purchasing power of the people via employment creation and help accelerate the wheels of the economy”. The minister’s comments came at a time when there […]
NHAI defers plan to generate funds by leasing off its assets
The National Highways Authority of India (NHAI) has put its plan to monetise operational publicly-funded highway projects on hold for two months, given that investors might not commit long-term investments at this juncture, due to uncertainty over toll collections. This implies that the authority, which is facing funding constraints amid a prolonged sluggishness in private […]
Rohtang Tunnel: Amid lockdown, work on strategic tunnel resumes to ensure its completion in September; details
Rohtang Tunnel Project update: Despite the ongoing nationwide lockdown due to the COVID-19 pandemic, the work on the strategic Rohtang Tunnel resumes! After being halted for a duration of 10 days, the development work on the strategic Rohtang Tunnel is now underway. In a bid to complete the construction work as per the schedule, the […]
Highway projects: Infrastructure panel wants HAM curtailed, favours BOT model; here’s why
The Hybrid Annuity Model (HAM) for highway projects that insulates private developers from virtually any commercial risks, is putting stress on the highly-leveraged balance sheet of the National Highways Authority of India (NHAI), and should therefore be ‘downplayed’, a government-appointed task force has opined. Launched in 2016, HAM caught the fancy of developers – as […]
Gadkari calls upon industry to upgrade, widen import sources to attract investment
Indian industry need to undertake technological upgradation and import substitution to attract investments from global businesses that look to exit China due to the COVID-19 outbreak, Union minister Nitin Gadkari said on Saturday. The minister has been exhorting the industry to capitalise on growing “hatred” against China amid coronavirus pandemic.
Govt to set up panel to give clearances in 3-month time frame for businesses: Nitin Gadkari
The government will set up a panel to provide necessary clearances needed by businesses within a time frame of three-months in a bid to attract foreign investment in MSMEs, Union Minister Nitin Gadkari said on Sunday. Addressing Chartered Accountants Association of India, the minister informed that a Joint Secretary level officer has already been appointed […]
Govt considering economic support packages for sectors facing distress: Gadkari
The government is “seriously considering” unveiling packages, to the extent possible, to support sectors facing distress and a decision in this regard will be taken at the Prime Minister’s level, Union Minister Nitin Gadkari said on Wednesday. Interacting with real estate body Nardeco via video conferencing, the MSME and Road Transport and Highways said minister: […]
Another feather in BRO’s cap! Kasowal Bridge in Punjab opens ahead of time
Border Road Organisation (BRO)does it again. Ahead of schedule, it completed Kasowal Bridge in Punjab which has connected the approx 35sq Km Kasowal enclave to the mainland. Earlier, every year it was connected with a Pontoon Bridge which was dismantled ahead of monsoons as due to the flow of River Ravi it would get washed […]