NHAI is planning to deploy software to track files, curb red-tapism and enhance transparency. Besides, it will soon introduce a project management consultancy system to provide alignment, land acquisition, forest environment clearance, utility shifting, construction, […]
The MoRTH has introduced GPS-based toll collection to ensure seamless movement of vehicles across the country. With this, the country is expected to become toll-booth-free in the next two years. In the new system, the […]
The central government has signed a $500 million loan agreement with the World Bank to develop safe and green national highway corridors in Rajasthan, Andhra Pradesh, Himachal Pradesh and Uttar Pradesh. The Green National Highways […]
The MoRTH has extended the deadline for 100 per cent collection of toll charges on the national highway network through FASTag till February 15, 2021. Earlier, the deadline had been set at January 1, 2021. […]
The National Highways Authority of India (NHAI) is expected to operationalise the country’s first government-sponsored infrastructure investment trust (InvIT) by March 2021. Reportedly, about six road assets worth Rs 50 billion have received in-principle approval […]
The Ministry of Road Transport and Highways (MoRTH) has come up with a year-end review of the road sector. The length of national highways has increased from 91,287 km in April 2014 to about 136,155 […]
NHAI has announced that the number of FASTag users in the country has crossed the 20 million mark, registering a growth of 400 per cent in a year. This has increased the total toll collection […]
Reportedly, Infrastructure Leasing & Financial Services [IL&FS] Limited has finalised the infrastructure investment trust (InvIT) structure for its road assets in order to resolve its debt of about Rs 150 billion. IL&FS has set up […]
The pace of award of national highway projects almost doubled during April-October 2020, as compared to the previous year, despite the ongoing Covid-19 pandemic. Reportedly, highway project awards for April-October 2020 reached 5,679 km, as […]
Reportedly, the MoRTH has eased norms for hybrid annuity model (HAM) projects. The government will now make the upfront construction payment to a highway project concessionaire under HAM in 10 tranches as against 5, subject […]
The Ministry of Road Transport and Highways (MoRTH) has revised the eligibility criteria for road projects built in the engineering, procurement and construction (EPC) mode to ensure wider participation from domestic companies. It has revised […]
The National Highways Authority of India (NHAI) has received an upfront consideration of Rs 50.11 billion from Cube Highways and Infrastructure, under the third bundle of the toll-operate-transfer (TOT) model. The Singapore-based firm had delayed […]
In an effort to improve the quality of roads, the National Highways Authority of India (NHAI) has decided to undertake performance assessment and ranking of highways in the country. The assessment audit and ranking of […]
Amid the ongoing India-China tensions, the Ministry of Road Transport and Highways (MoRTH) has announced that India will ban Chinese companies from participating in highway projects, including those through joint ventures (JVs). According to the […]
To make highway projects more viable financially, the central government is planning to revamp NHAI. The MoRTH has asserted that the need of the hour is to devise bankable projects suitable for the market with […]
NHAI has set up a four-member search-cum-selection panel to manage its upcoming infrastructure investment trust (InvIT). As a part of the process, a new company is being set up to act as the investment manager […]
Reportedly, NHAI will now offer smaller bundles of operational assets worth Rs 5 billion and above under its asset monetisation programme through the toll-operate-transfer (TOT) model. The proposal has been mooted by the MoRTH keeping […]
Reportedly, the MoRTH has plans to bid out more projects in the engineering, procurement and construction (EPC) mode. The ministry claims that the number of highway developers that could arrange finance and take up projects […]
Reportedly, Cube Highways and Infrastructure Pte Limited is likely to raise funds worth about Rs 35 billion from the State Bank of India to fund its purchase of long-term toll collection rights under the TOT […]
NHAI will go ahead with a plan to raise Rs 500 billion through a special purpose vehicle (SPV) with the National Investment and Infrastructure Fund (NIIF) for the Delhi-Mumbai Expressway project. Reportedly, the authority is […]
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