Sadbhav Infra gets NHAI, Maha govt nod for sale of 7 SPVs to lndinfravit

New Delhi, Oct 23 () Sadbhav Engineering on Wednesday said its subsidiary has received approvals for transfer of stake in seven road projects to lndinfravit. Approvals have given by the National Highways Authority of India (NHAI) for six projects, while the Maharashtra government has given its nod for transfer of another project. Sadbhav Infrastructure Project […]

High concentration of tolls on a single road stretch could create concerns for 4th TOT bundle: ICRA

New Delhi, Oct 17 () High concentration of tolls on a single highway stretch with a history of agitations could create concerns for the fourth round of projects to be monetised under the toll operate transfer (TOT) mode, ratings agency ICRA said on Thursday. The fourth bundle under TOT has seven stretches totalling around 401 […]

Hit by high claims, NHAI suggests treating arbitrators as ‘public servants’

NEW DELHI: The National Highways Authority of India (NHAI) has suggested treating arbitrators as ‘public servants’ considering that in some cases, the arbitration awards have been ‘exorbitant’. The highways authority, which has perhaps maximum number of arbitration cases among all departments, has suggested this to the finance ministry, which has circulated a Cabinet proposal to […]

NHAI terminates three road projects worth Rs 3,600 cr due to delay in land acquisition

Chennai: The National Highways Authority of India (NHAI) has terminated three projects in Tamil Nadu due to delay in land acquisition by the state government. The projects cost a little over Rs 3,600 crore. The three projects include four-laning of the Villupuram-Puducherry and Poondiyankuppam-Sattanathapuram stretches along the NH-45 and two-laning of Meensurutti-Chidambaram stretch along Trichy-Chidambaram […]