Companies delaying execution of highway projects may be disqualified from bidding in the next round of contracts as the government is mulling over a policy that would debar concessionaires from tenders of fresh road projects if the previous contracts of the same company have missed completion timelines. According to a proposal, the government is not […]
Category: Roads
Roads
Rs 7,500 crore Bandra-Versova sea link plan cleared
The Maharashtra government today accorded administrative approval to the Versova-Bandra sea link (VBSL) project, eight years after the state cabinet committee on Infrastructure (SCCI) cleared it. In a Government Resolution, the state has pegged the project cost to be around Rs 7,502 crore and its length is estimated to be about 17.17 kms. The SCCI […]
China temporarily stops funding CPEC road projects over corruption reports
China has decided to temporarily stop funding at least three major road projects in Pakistan, being built as part of the $50 billion China-Pakistan Economic Corridor, following reports of corruption, a decision that has left officials in Islamabad “stunned”, a media report said on Tuesday. The decision by the Chinese government is likely hit over […]
Bid to speed up major highway projects in Northeast
Continuing its initiative of reducing projects with the overburdened Border Roads Organisation (BRO) and the resultant delays and cost over-runs, the government is transferring over 2,000 km of upcoming highway projects to the fledgling, state-owned National Highways Infrastructure Development Corporation LtdBSE 0.34 % (NHIDCL), according to informed sources. While the cost for the 20 important […]
L&T Construction bags Rs 8,650 cr order from MMRDA
Larsen & Toubro (L&T) today said its construction arm has bagged Rs 8,650 crore order from the Mumbai Metropolitan Region Development Authority (MMRDA). The Heavy Civil Infrastructure business vertical of L&T Construction bagged a order worth Rs 8,650 crore from the MMRDA for construction of Mumbai Trans Harbour Link, the engineering and construction major said […]
Maharashtra changes funding model to spur road construction
Faced with banks’ reluctance to lend money for road construction projects under the Hybrid Annuity Model (HAM), and a bunch of contractors who aren’t keen to take up such projects, the Maharashtra government has decided to tweak the HAM model itself to make it more attractive for contractors to bid for projects and banks to […]
Private participation in Bharatmala project challenging: Ind-Ra
Owing to the stressed balance sheets of many infrastructure developers, the participation from the private sector for the government’s ambitious Bharatmala project seems challenging, says India Ratings (Ind-Ra). For the Bharatmala Pariyojana project, the second biggest highway development programme after the National Highways Development Programme (NHDP), the government expects private participation through public private partnership […]
BRO builds world’s highest motorable road in Ladakh
In a major feat, the Border Roads Organisation (BRO) has constructed the world’s highest motorable road in Ladakh region of Jammu and Kashmir, passing through Umlingla Top at a height of over 19,300 feet. The feat was achieved under ‘Project Himank’ of the organisation. Being close to Hanle, the 86km long strategic road connects Chisumle […]
HC expresses dissatisfaction with NHAI over failure to repair
The Meghalaya High Court has expressed dissatisfaction with the National Highway Authority of India over its failure to repair a kilometre stretch of road at Umsning town in Ri-Bhoi district and directed the NHAI to complete the maintenance work at the earliest. “Having examined the affidavit and the attached report and photographs and having heard […]
First highway project under Bharatmala by 2018-end : Gadkari
The first project under Bharatmala is expected to be awarded by the end of next year as the land acquisition process and detailed project reports for the mega scheme are underway and award of the contract would take place once these aspects are finalised. Union Transport Minister Nitin Gadkari said the project award would take […]
Cabinet approves mega Rs 7-lakh crore project to develop 83,000 km highways in 5 years
In its efforts to give spending push to infra sector and create more jobs, the Union Cabinet today approved mega highway plan to develop about 83,000 km of roads at an investment of Rs 6.9 lakh crore in next 5 years. According to reports, Finance Minister Arun Jaitley is likely to make an announcement regarding […]
Want to hive off Yamuna Expressway project to generate money: Jaypee to SC
The embattled Jaypee group on Friday informed the Supreme Court that it wants to “hive off” the multi-crore Yamuna Expressway in order to generate money. Jaypee Associates told the apex court that it has an offer worth Rs 2,500 crore and sought permission to give the project to another party. A bench of Chief Justice […]