With Life Insurance Corporation and ICICI Bank insisting on exiting Indian Highways Management Company Ltd (IHMCL), the National Highways Authority of India (NHAI) is likely to wind up the company, constituted five years ago to carry out electronic tolling and other ancillary works for it.
These institutions, along with State Bank of India, hold 24.81 per cent stake in the company but do not see enough return from it.
Facing the prospect of low traffic volumes on some of its upcoming highways owing to parallel projects, the National Highways Authority of India (NHAI) has tweaked the second bundle of contracts to be offered under the toll-operate-transfer (TOT) model.
The stretches that were found saturated in terms of traffic volumes will now be replaced with those earmarked for the third tranche of bidding.
New Delhi: 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.
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 to international investors for their operation and maintenance.
With the aim of providing safe and better mobility to commuters, the National Highways Authority of India (NHAI) will soon start ranking roads periodically on various parameters, including safety management.
Projects on marquee economic corridors of Delhi-Vadodara, Agra-Mumbai and Mumbai-Kolkata will be audited first and once the success rate of the gradation exercise is established, it will be extended to other highway contracts.
Mumbai: Smaller developers won nearly half of all road-building contracts given out by the National Highways Authority of India in 2017-18, NHAI data compiled by investment bank Equirus Securities showed.
The biggest contract winners were large companies such as Dilip Buildcon Ltd (Rs18,770 crore), IRB Infrastructure Developers Ltd (Rs8,900 crore) and Ashoka Buildcon Ltd (Rs5,500 crore).
NEW DELHI: The Supreme Court today directed the National Highways Authority Of India (NHAI) to ensure that the newly constructed Eastern Peripheral Expressway, which is aimed at decongesting Delhi, is inaugurated on or before May 31.
The apex court took exception to the 135-km Expressway, which envisages signal-free connectivity between Ghaziabad, Faridabad, Gautam Budh Nagar (Greater Noida) and Palwal, not being thrown open to the public despite being informed earlier that it would be inaugurated by April 20.
New Delhi: The National Highways Authority of India’s (NHAI’s) plan to float infrastructure investment trusts, or InvITs, to raise money from the market for its ambitious Rs5.97 trillion Bharatmala project has been halted in its tracks by the finance ministry.
The authority has been asked to wait till other central public sector enterprises (CPSE) issue their InvITs.
National Highways Authority of India has established its Rs 250 billion Medium Term Note (MTN) programme on India INX’s Global Securities Market. India INX is a wholly-owned subsidiary of BSE Ltd and its Global Securities Market platform offers fundraising framework from global investors on a par with other international venues. Since its launch in January 2018, Indian issuers have established programs of $21 billion on this new platform.
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