Banks have assured funding to the tune of Rs 1.30 trillion for highways construction, Road Transport and Highways Minister Nitin Gadkari said on Thursday. He said 403 projects worth Rs 3.85 trillion were stalled during the UPA regime. The present NDA government, after assuming power in May 2014, has put on track Rs 3 trillion […]
Category: Roads
Roads
Yogi Adityanath govt’s flagship projects need 17,000 hectares of land
As the 2019 Lok Sabha polls are nearing, Yogi Adityanath government has the onerous task of facilitating acquisition of almost 17,300 hectares of land in near future. These flagship projects include the proposed Purvanchal Expressway and Bundelkhand Defence Corridor, which require about 4,300 and 3,000 hectares respectively adding up to 7,300 hectares alone. The Adityanath […]
National Highways and Port Connectivity projects worth Rs 6688 Crores to be launched in Andhra Pradesh
Nitin Gadkari, Minister of Road Transport & Highways, Shipping, Water Resources, River Development and Ganga Rejuvenation will lay the foundation stone for, and inaugurate National Highways and Port Connectivity projects worth Rs 6688 Crores in Andhra Pradesh at an event in Vishakhapatnam tomorrow. The Minister is on a three day official visit to the state […]
NABARD sanctions over Rs 735 cr for Bengal for rural infra projects
NABARD on Monday said it has sanctioned Rs 735.53 crore in the first quarter of the current fiscal under the Rural Infrastructure Development Fund (RIDF) for West Bengal for facilitating the execution of 86 projects. They include six solar power, one medium irrigation, five minor irrigation and 12 flood protection projects, besides 57 projects for […]
NHAI to buy back 20 roads projects for Rs 8,200 crore
The National Highways Authority of India (NHAI) will buyback 20 National Highway and another 19 state highway projects totalling about 3,160 kilometers which are managed by private players. The projects that have been identified include the much-delayed Muzaffarnagar-Haridwar and Ambala-Chandigarh stretches in north India and Tada-Nallore highway in Andhra Pradesh and Salem-Namakkal in Tamil Nadu. […]
Western Peripheral Expressway, connecting Kundli with Palwal via Manesar, likely to open in August
The Western Peripheral Expressway is likely to open to be opened up for public in August this year. According to Deputy Commissioner Vinay Pratap Singh, the Western Peripheral Expressway, which links Kundli with Palwal via Manesar, is likely to open in August. There are also plans to develop five new cities along the expressway, the […]
L&T Construction gets Rs 13.87-billion contract in Andhra Pradesh
Engineering major Larsen & Toubro (L&T) on Tuesday said its construction arm has bagged an order worth Rs 13.87 billion for construction of a bridge across the Krishna river in Andhra Pradesh. “The construction arm of L&T will construct a …bridge across the river Krishna at Amaravati, Andhra Pradesh. The bridge will connect Pavitrasangamam in […]
NHAI to do pre-tender health check on highways, share data with bidders
The National Highways Authority of India (NHAI), which is currently tendering road monetisation projects, has started of a unique data-sharing plan with prospective bidders. It is undertaking the task of conducting due diligence for the contracts prior to their bidding. NHAI will ascertain the health of TOT or toll-operate-transfer projects, which would then be offered […]
Highway projects picking up as Centre’s drive makes land acquisition easier
The Rs 110-billion Eastern Peripheral Expressway inaugurated by Prime Minister Narendra Modi on May 27 is one of the many highway projects that could see the light of the day only due to the easing of the land acquisition process. Incentivizing state government officials, flexible approach adopted in highway contracts and creation of land bank […]
SEW arm receives Rs 985 crore arbitration award
Infrastructure firm SEW Infrastructure on Monday announced receiving an arbitration award of Rs 985 crore as claims it raised on behalf of a special purpose vehicle (SPV) in joint venture with Prasad & Co. In a statement, SEW said the disputes pertained to execution of a contract the SPV had entered into with the Uttar […]
Five new highways planned to cut down travel time
The highways ministry has identified at least five greenfield road networks connecting major industrial and manufacturing hubs, which will reduce the existing distance on these stretches up to 200 km. Last month, the government announced starting work on another greenfield expressway connecting Gurgaon with Mumbai cutting the distance by almost 200 km. The new routes […]
RInfra- Astaldi SpA JV wins Rs 70 bn EPC order for Versova-Bandra sea link
Anil Ambani-promoted Reliance Infrastructure on Monday said it has won the engineering, procurement and construction (EPC) contract for the Versova-Bandra Sea Link Project in a joint venture with Astaldi SpA (Italy) for a value of Rs 70 billion. “Reliance Infrastructure Limited-Astaldi SpA JV had emerged the most competitive bidder with their bid of Rs 69.93 […]