Construction of highways hit 27 km/day in 2017-18, clocking a 20% growth over the 22.5 km/day in the previous fiscal, though the improved rate is a far cry from the government’s target to build roads at a scorching pace of 41 km/day.
Highway construction has been a priority for the Modi government. When the new dispensation took over in May 2014, the construction rate was at 11.67 km per day.
New Delhi: The National Highways Authority of India (NHAI) is working on an equity-funding model for its upcoming expressway and economic corridor projects, auctioning them before they are built. The idea, a first for the state-run authority, comes after the success of the authority’s toll-operate-transfer (ToT) model.
The model will be tried for NHAI’s greenfield expressway projects under the Rs5.35 trillion-Bharatmala programme where 34,800km of national highways will be developed.
Highway developer Dilip Buildcon (DBL) today said it has bagged a road project worth Rs 770.04 crore in Uttar Pradesh from NHAI.
"The company has been declared L-1 bidder by the National Highways Authority of India (NHAI) for a new engineering, procurement and construction (EPC) project in Uttar Pradesh," Dilip Buildcon said in a BSE filing.
New Delhi: Enthused by investors’ response to its toll-operate-transfer (TOT) model, aimed at monetizing India’s publicly funded highways, state-run National Highways Authority of India (NHAI) is planning to auction toll collection for road length totalling around 1,720km. The auction is expected to fetch the government around Rs15,000 crore, said a person aware of the development requesting anonymity.
More than 15 years ago, the Bharatiya Janta Party (BJP) -led National Democratic Alliance (NDA) government of the time made an incumbent's election pitch around the so-called ‘India Shining’. Key to this pitch was the ‘Golden Quadrilateral’ project of National Highway Authority of India (NHAI).
Today, a decade and a half later, under another BJP-led NDA government at the Centre, the scenario is quite different – now, it is the road transport ministry that seems to be calling the shots, not NHAI.
Anil Ambani-controlled Reliance Infrastructure Ltd on Monday said it has received the Letter of Award (LOA) from the National Highways Authority of India (NHAI) for Rs 8.82 billion on a engineering, procurement and construction (EPC) basis.
RInfra added the company emerged as the lowest bidder for the project after quoting a bid of Rs 8.82 billion for the project for the six-laning of Aurangabad to Bihar–Jharkhand border (Chordaha) section of NH-2 in Bihar.
NEW DELHI: The government is all set to launch a national toll-free number to report road accidents on national highways (NHs) or lodge complaints with regard to their operation and maintenance. The National Highways Authority of India (NHAI) is scheduled to launch the '1033' helpline in the first week of February.
Keen on mobilising funds to accelerate the pace of highway construction, the National Highways Authority of India (NHAI) will tap the capital market in early FY19 through a few subsidiaries that would be created. Being an authority, it cannot have an initial public offer (IPO) on its own.
“We are now thinking of forming subsidiaries. The process might start early in the next financial year,” NHAI chairman Deepak Kumar told FE.
The National Highways Authority of India (NHAI) has created National Highways Investment Promotion Cell (NHIPC) to attract domestic and foreign investment for national highway projects.
“The cell will focus on engaging with global institution investors, construction companies, developers and fund managers for building investor participation in road infrastructure projects,” read NHAI’s release.
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