“Here, we need one institution where NHAI stakes are there and financial institutions stakes are there. A joint venture. We can formulate the policy and we can go for that,” Gadkari said responding to investors’ request for ensuring low-cost fund fo
A world record has also been created by India by constructing 2.5 kilometres 4 lane concrete road in just a duration of 24 hours and 26 kilometres single lane Bitumen road in just 21 hours time.
The move will also mean extension of the concession period equal to the period during which the concessionaire was prevented from collection of toll fee.
Once work on this highway is complete, it will reduce the travel time to the districts of UP and ease traffic flow in Delhi's northeast areas such as New Usmanpur, Khajuri Khas, Pushta Road, Sonia Vih
Together, the five roads are expected to fetch around Rs 3,250 crore, which will help the company reduce its consolidated debt of Rs 14,260 crore as of March 2021.
However, the pace of construction in the first three months of the current fiscal was far behind the record high of 36.4 km/day achieved in the entire 2020-21 fiscal.
These projects will facilitate health care and emergency service to the remotest of the areas in Manipur as well as create employment and self-employment opportunities.
With the Modi government opting for a calibrated unlock of business activities, the FASTags have become the preferred mode of toll collection in as many as 780 toll plazas, including all 660 toll plaz
As on March 31, 2021, works on 2,108 highway projects with a cumulative length of 64,010 km, costing Rs 9,22,404 crore, were ongoing, according to the ministry of road transport and highways.
Officials from the Corporation's bridges department said that the overall flyover project is almost over and now only petty works remain such as asphalting and painting of some stretches of the flyove
Earlier this year, the ministry of road transport and highways revised model concession agreements for both EPC and HAM, paving the way for those building stadium, hospitals and hotels to also get int
Early April, officials and contractors consciously drove home the message that workers, in the ongoing pandemic, are much better off, and safer, staying in their work site camps than heading to their
The NHAI InvIT, the second one promoted by a public sector entity after PGlnvlT, sponsored by power transmission utility PGCIL, was launched in late April. It will be out of bounds for retail investor
Hilly terrains are challenging for construction due to steep cuttings, soil retention, drainage, landslides which may lead to many calamities and loss of life.
Upon non-compliance, a show-cause notice was issued to Gayatri Projects. The reply given by the contractor explaining the deficiencies were found to be unsatisfactory.
Recently, the highway authority has debarred Lion Engineering Consultants in association with Synergy Engineering Group Private Limited from engagement in future NHAI projects for six months' duration