The National Highways Authority of India (NHAI) has started experimenting with its funding approach as it looks to secure finances for future projects. The authority’s plans are in sync with its goal of attracting multiple investor segments. “Our target is to reach out to investors in every segment, be it a large investor, or small. […]
Category: Roads
Roads
Net metering: Nitin Gadkari to RK Singh
The Union Minister for Road Transport and Highways, Nitin Gadkari, has requested the Minister of Power R.K. Singh to consider the opinion of the Maharashtra Solar Manufacturers Association (MSMA) for encouraging all stakeholders to avail the benefits arising out of the Central Financial Assistance (CFA) subsidy program. Last year, the Ministry of New and Renewable […]
Ashoka Buildcon arm gets NHAI’s LOA for highway project worth Rs 1,000-cr
Ashoka Buildcon on Saturday said its subsidiary Ashoka Concessions Ltd (ACL) has received a Letter of Award (LOA) from NHAI for a highway project in Telangana worth Rs 1,000 crore. “ACL has received a LOA from NHAI for the project viz Four laning of NH-161 from Kandi to Ramsanpalle in the State of Telangana under […]
566 national highway projects running behind schedule: Gadkari
The government on Thursday said 566 national highway projects are running behind schedule and no project has been put on hold. The delays are mainly on account of issues in land acquisition and getting environment, forest and wildlife clearances, and disputes in arbitration, Road Transport and Highways Minister Nitin Gadkari said in a reply to […]
AAI likely to lease out 6 more airports, including Varanasi, Amritsar, Bhubaneswar, Trichy under PPP model
The Airport Authority of India (AAI) is likely to lease out six more airports under the public private partnership (PPP) model in the coming months. “AAI Board in its meeting has recommended for leasing out 6 airports namely Varanasi, Amritsar, Bhubaneswar, Trichy, Indore and Raipur for operation, management and development under PPP,” the ministry of […]
Singapore-based Cube set to bag third bundle of TOT highway projects with Rs 5,011-crore bid
Singapore-based Cube Highways has emerged as the highest bidder for the third bundle of highway projects being given on lease under the toll-operate-transfer (TOT) model by offering to make an upfront payment of Rs 5,011 crore to the Natioal Highway Authority of India (NHAI). The asset comprises nine operational highway stretches with combined length of […]
NHAI may get Cabinet nod to tweak TOT model to boost highway projects funding
Facing a fund crunch to execute its ambitious highway development programme, the National Highways Authority of India (NHAI) may soon get the go-ahead from the Cabinet to explore options like launch of an infrastructure investment trust (InvIT) and securitisation of toll receipts. The Cabinet may also give its approval soon to make NHAI’s asset monetisation […]
Highway projects worth Rs 15 lakh cr ready to be offered in next 5 yrs: VK Singh
Union Minister V K Singh on Wednesday said infrastructure sector could play a mega role in bolstering the economy and the government is ready with a basket of highway projects worth Rs 15 lakh crore to be offered in next five years. He said infrastructure encompasses areas that can generate huge employment and kick off […]
Government plans to tweak highway auction norms
The government is likely to approve three proposals this week to improve NHAI’s fund flow for taking up highway stretches. While the proposal to tweak conditions for auctioning of completed highway stretches to make them attractive for investors and allowing NHAI to securitise the future flow of toll revenue of already operational stretches with banks […]
Ashoka Buildcon’s subsidiary emerges lower bidder for NHAI road project in Telangana
Ashoka Buildcon announced that Ashoka Concessions (ACL), a Subsidiary of the Company, has emerged as the lowest bidder for National Highways Authority of India’s (NHAI) Project for ‘Four laning of NH-161 from Kandi (Design Km 0.000) (Km 498.250 of NH-65) to Ramsanpalle (Design Km 39.980/Existing Km 44.757) (Design Length = 39.980 Km) in the State […]
UP approves contacts for two highway projects in backward regions
Uttar Pradesh on Monday cleared the decks for two highways that will cost more than Rs 14,500 crore to build in Bundelkhand and Eastern UP regions, aiming to create 60,000 new jobs in the backward regions. The 296-km long Bundelkhand Expressway and 91-km Gorakhpur Link Expressway will cost at least Rs 9,921 crore and Rs […]
No HAM award so far, yet NHAI ‘hopeful’ of awarding 2,000 kms in rest of the fiscal
No highway project was awarded under the hybrid annuity model (HAM) so far this fiscal, but the National Highways Authority of India (NHAI) may award around 2,000 km through the HAM route in the remaining period of 2019-20. The authority has a total awards target in all categories of 6,000 km in the current fiscal. […]