Last month, when a consortium led by Canada’s Brookfield Asset Management shelled out Rs 3,000 crore to buy nine projects, including the Mumbai-Nashik highway , from Gammon India, the spotlight turned to the country’s highways sector, which is being seen as a vehicle for a sharp economic turnaround. The deal is the first of its […]
Category: Roads
Roads
Chennai-Bengaluru Industrial Corridor to need $181 bn investment over 20 years: plan report
The proposed Chennai-Bengaluru Industrial Corridor (CBIC) would require an investment of around $181 billion over the next 20 years, with major chunk needed towards energy and transport, according to the Integrated Master Plan. The Integrated Master Plan for the Chennai-Bengaluru Industrial Corridor has been prepared by PwC and Nippon Koei under the aegis of Japan […]
IRB hopes to bag BOT projects of 300-400 km in 2015-16
IRB Infrastructure Developers Ltd hopes to bag build-own-transfer (BOT) road projects of 300 to 400 km during the current fiscal. The company has already added two new projects in its kitty during the last few months – the Mumbai Pune Phase II and the Agra Etawah Six-laning Project. Company chairman Virendra D Mhaiskar today informed […]
CCEA approves four-laning of 112-km Cuttack-Angul road in Odisha
The cabinet committee on economic affairs (CCEA), chaired by the Prime Minister Narendra Modi, has approved the development of four-laning of ‘Cuttack-Angul’ Section of National Highway NH-42 in Odisha under the National Highways Development Project (NHDP) Phase III in BOT (Toll) mode on Design, Build, Finance, Operate and Transfer (BOT/ DBFOT) basis. The total project […]
Govt revises estimates for 4-laning of NH-1A sections in J&K
The government today revised the cost estimates for four-laning of Ramban to Banihal and the Udhampur to Ramban section of the National Highway 1A (NH-1A) in Jammu & Kashmir (J&K). The revised cost for the Udhampur to Ramban section is Rs 2,136.97 crore, while that of the Ramban to Banihal section is Rs 2,168.66 crore. […]
China state planner approves $12-billion worth of highway, bridge projects
China’s top economic planner has given the green light to 77 billion yuan ($12.10 billion) worth of highway and bridge projects, the latest in a spate of such approvals as Beijing looks to infrastructure to support economic growth. The projects included a feasibility study for a 23.3-billion-yuan highway in the south-west province of Guizhou and […]
‘Green Fund’ to transform 96,000 km NHs into green Corridor
The government is planning to create a “Green Highways Fund” under its ambitious policy to transform India’s 96,000 km network of National Highways under which it will be mandatory to set aside 1 per cent of the total road project cost for plantation. The Road Transport and Highways Ministry is formulating the “Green Highways (Plantation […]
Ind-Ra assigns ‘IND AAA’ rating to NHAI’s tax-free bonds
India Ratings and Research (Ind-Ra) has assigned NHAI’s proposed Rs 24,000 crore tax-free bonds a long-term ‘IND AAA’ rating with stable outlook on the back of statutory status and financial as well as other linkages from the government. “National Highways Authority of India’s tax exemption status and the privileges of raising funds through capital gains […]
Govt buckles up, to take National Highway length to 1.5 lakh kms by December
The government is committed to adding about 50,000 km of National Highways by the year end to take their length to 1.5 lakh km to “transform the face of India’s infrastructure”, Road Transport and Highways Minister Nitin Gadkari today said. “We are committed to overhauling the country’s infrastructure. In three months from now, we will […]
Transport Ministry mulling to procure aircraft for monitoring road construction
The road transport and highways ministry is exploring the option to procure a small fixed-wing aircraft and a chopper through its two agencies – National Highways Authority of India (NHAI) and National Highways and Infrastructure Development Corporation (NHIDCL). Sources said while the fixed-wing aircraft could be bought by NHAI for its use across the country, […]
Highway developers can get Rs 4,000 cr more via easy exit option: India Ratings
Easy exit options for completed highway projects will release additional Rs 4,000 crore to their developers, which can be used for other infra projects or to retire debt, India Ratings and Research (Ind-Ra) has said. It believes the Cabinet Committee on Economic Affairs’ approval for road developers to fully exit their equity investment (compared with […]
Centre looks to promote use of geo-textiles in rural roads
Impressed by the quality of rural roads constructed using jute and coir geo-textiles, the Centre has asked other states to replicate the “good experience of Kerala, Karnataka and Tamil Nadu” in this regard for projects under the Pradhan Mantri Gram Sadak Yojana. Union Rural Development Ministry Secretary JK Mohapatra and Textiles Ministry Secretary Sanjay Kumar […]