Singapore-based Cube Highways, with over 8,500-km projects portfolio, yet to pay NHAI for road assets

Under the TOT model, publicly funded operational highway projects are given on a long-term (between 15-30 years) lease basis to domestic and foreign ‘patient capital’ investors.
Cube Highways is assured of the tenure of the concession period (30 years) as this would start only from the day the upfront payment is made.

Rohtang Tunnel: PM Modi likely to inaugurate world’s longest highway tunnel above 10,000 feet in September

Chief Minister of Himachal Pradesh Jai Ram Thakur announced that the strategic Atal Tunnel would be entirely completed by the end of next month and it is likely yo be dedicated to the nation by PM Mod

China ban won’t hit construction pace of highway projects, says NHAI

Banning Chinese firms will not hamper construction of highways, as Indian firms have sufficient capability, the National Highway Authority of India’s member-projects RK Pandey says

NHAI sets up panel for Infrastructure Investment Trust selections

NHAI needs additional funds as it is increasingly awarding projects though the engineering, procurement and construction (EPC) route, where it is to bear all the expenses.

Now, China out of India’s road projects as well! Gadkari bars Chinese companies from building highways

The Road Transport, Highways and MSME Minister, Gadkari said that for road construction, his ministry will not grant permissions to joint ventures that have Chinese partners.

COVID-19 lockdown impact: Highway construction halves to just 847 kms in April-May!

For the current fiscal, the Ministry of Road Transport and Highways (MoRTH) has set a construction target of 10,250 km.

The year 2018-19 was the best so far, with total construction touching a record high of 10,885 km or 29.82 km a day.

Delhi-Mumbai Expressway: Delhi to Mumbai in 13 hours soon! Work moving in high gear for Rs 1-trillion project

Delhi-Mumbai Expressway: Construction has started on a 497-km stretch of the 1,261-km project, which is expected to be complete by 2023-24 and would cut travel time between the two cities by 11 hours

Likely to be ready by 2023-24, the project was necessitated because of heavy congestion on the Delhi-Mumbai National Corridor along NH-48 of the Golden Quadrilateral.

Toll suspension: Highway developers to seek arbitration to recover around Rs 650 crore from NHAI

Also for the period when concessionaires were able to collect fees only partially, the concession period would be proportionately extended.

This time, the NHAI has extended the concession period for such developers without declaring it a force majeure political event.

Gorakhpur Link Expressway: Faster connectivity from Lucknow, Agra & Delhi with 6-lane 91.3 km long expressway

Gorakhpur Link Expressway: . The Gorakhpur Link Expressway will span through four Uttar Pradesh districts; Sant Kabir Nagar, Azamgarh, Gorakhpur, and Azamgarh.

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Pure PPP projects in highways seem to attract interest again

The two projects for which bids have been invited are part of the Bharatmala project, under which the NHAI is mandated to build 34,800 km national highway stretches.

Up to March, 2020, projects involving highway length of 10,676 km have been awarded under Bharatmala Paroyojana.

Purvanchal Expressway: Work on India’s longest expressway project in full swing; details here

In July 2018, the foundation stone of this expressway project was laid by PM Modi in Azamgarh, Uttar Pradesh.

Rs 8,000-crore retention funds to be released to EPC highway contractors

Developers are required to keep 5% of the project cost as retention money with the government during the construction period.

Delhi-Amritsar-Katra Expressway: Amritsar to Delhi in 4 hours! Phase 1 of expressway to cost Rs 25,000 crore

According to the Union Minister, the road from Amritsar to Gurdaspur would be fully developed and will be made signal-free.

Purvanchal Expressway: 10 things to know about India’s longest expressway project in Uttar Pradesh

After a delay of almost two months due to the COVID-19 induced nationwide lockdown, hectic efforts are underway to complete the expressway project by this year-end, months ahead of the official deadli

Purvanchal Expressway: Despite lockdown delay, India’s longest expressway in UP to open by year-end

Despite a delay of 2 months due to the lockdown, UP govt is pushing to complete the 341-km expressway, to be the longest in India, by year-end

Char Dham highway project: Big milestone achieved! BRO builds tunnel below Chamba town

A major milestone was achieved by the Border Roads Organisation (BRO) which has constructed a tunnel below the densely populated Chamba town on Rishikesh-Dharasu road (NH 94).

‘NHAI capable of raising requisite funds from market’

For the current fiscal, the National Highway Authority of India (NHAI) has set a target to build 4,500-km national highways.

The total debt of the National Highways Authority of India (NHAI) went up by nearly 9.5 times to Rs 2,28,252 crore in February this year, from Rs 24,188 crore as on March 31, 2015.

BRO connects Dharchula to China border! Big cheer for Kailash Mansarovar Yatris – now avoid 90 km trek

Presently the Yatra takes more than three weeks and the passage is through Sikkim or Nepal.


NHAI defers plan to generate funds by leasing off its assets

The National Highways Authority of India (NHAI) has put its plan to monetise operational publicly-funded highway projects on hold for two months, given that investors might not commit long-term invest

The total debt of the National Highways Authority of India (NHAI) went up by nearly 9.5 times to Rs 2,28,252 crore in February this year, from Rs 24,188 crore as on March 31, 2015.

Rohtang Tunnel: Amid lockdown, work on strategic tunnel resumes to ensure its completion in September; details

In a bid to complete the construction work as per the schedule, the Border Roads Organisation (BRO) obtained special permission from the state government of Himachal Pradesh.


Highway projects: Infrastructure panel wants HAM curtailed, favours BOT model; here’s why

The Hybrid Annuity Model (HAM) for highway projects that insulates private developers from virtually any commercial risks, is putting stress on the highly-leveraged balance sheet of the National Highw

The sustainability of the model has been questioned by lenders which have become increasingly averse to funding HAM projects.

BRO does it again! Builds a critical bridge in record time in Arunachal Pradesh

Today, through a video conferencing the bridge was inaugurated for the traffic movement by the Chief Minister of Arunachal Pema Khandu.

Another feather in BRO’s cap! Kasowal Bridge in Punjab opens ahead of time

This Bridge is connecting the Kasowal enclave with the rest of India and has been built by 141 Drain Maintenance Coy of 49 Border Roads Task Force (BRTF) of Project Chetak of BRO.

Covid-19 and highway sector: Take the highway to recovery

Easing financial burden, preventing project failures and protecting jobs are a must if sector’s to preserve its health.

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