Category: Roads

The much-delayed Dwarka Expressway project will be now taken up by the National Highways Authority of India (NHAI) this November. The expressway project has been caught in an unending loop of delays over the last decade. According to a TOI report, the NHAI is ready to start work on the expressway’s Haryana section and the […]

Infrastructure Leasing & Financial Services Ltd. is missing more debt obligations, even as the Indian government pledged to prevent further defaults, underscoring the challenges its new board faces in fixing the firm’s mounting debt problems. IL&FS failed to service principal and interest on loans from banks, inter-corporate deposit and commercial papers totaling 339 million rupees […]

Distressed-debt specialist firm, REDD Intelligence, has warned that beleaguered infrastructure financier, IL&FS, will require equity infusion of up to Rs 300 billion to get back on the rails. It will also have to take an impairment of at least Rs 150 billion before recovering a single rupee from its subsidiaries, the firm said. “The required […]

Larsen & Toubro (L&T) Monday said its Heavy Civil Infrastructure Business has won orders worth Rs 7,489 crore in the domestic market. “A major order has been received from the Municipal Corporation of Greater Mumbai (MCGM) for the construction of the Mumbai Coastal Road Project,” L&T said in a BSE filing. The project involves construction […]

The Centre has sanctioned Rs 1,90,000 crore for road projects spanning over 12,000 km in the northeast, Union minister Nitin Gadkari said Tuesday. He iterated that infrastructure development in the region has always been a priority of the BJP-led NDA government at the Centre. “Our government accords highest priority to infrastructure development in the northeast. […]

It was as a newspaper-office intern in New Delhi in 1992 that I witnessed the birth of India’s homegrown belt-and-road initiative. The program was midwifed by an up-and-coming lender that few had then heard of: Infrastructure Leasing & Financial Services Ltd. It wasn’t called belt-and-road, a term that would gain currency much later as a […]

Western Peripheral Expressway: The Western Peripheral Expressway, the project initiative which was launched more than twelve and a half years ago, is all set to become operational from this October! According to sources quoted in a TOI report, the government of Haryana is likely to open the entire stretch, which is 135 km long, connecting […]

The Uttar Pradesh government has decided to name prominent roads in various districts of the state after great personalities associated with them. The state government has also decided to name 54 inter-state highways after national and international personalities, Deputy Chief Minister Keshav Prasad Maurya said while addressing a review meeting of the PWD department on […]

Reliance Infrastructure (RInfra) said Tuesday that its consortium has inked an MoU with Maharashtra State Road Development Corporation (MSRDC) for the Rs 70 billion Versova-Bandra Sea Link Project in Mumbai. “Reliance Infrastructure Limited – Astaldi SpA (Italy) Consortium signed an agreement with MSRDC today for construction of prestigious Versova-Bandra Sea Link Project in Mumbai,” the […]

Anil Ambani-led Reliance Infrastructure (RInfra) on Friday said it has bagged a contract worth Rs 19.07 billion from the Maharashtra State Road Development Corporation (MSRDC) for package-7 of Nagpur-Mumbai Samruddhi Expressway project. The contract involves the development of package-7 from 296 km to 347 km, which is a part of Maharashtra government’s flagship Rs 460-billion […]

Betting big on technology for a seamless highway ride, the National Highways Authority of India (NHAI) will soon tie up with oil marketing companies for selling FASTags, as the authority is of the view that easy availability of these tags would lead to greater usage and less congestion on roads. The authority has also received […]

Months after Union Minister for Road Transport and Highways Nitin Gadkari announced that they would start building a new expressway connecting Gurgaon and Mumbai, the government is planning to extend the road to Delhi. According to The Times of India reports, a new eight-lane road would be built connecting the Western Peripheral Expressway (WPE) with […]