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 […]
NHAI has cleared bills worth about Rs 250 billion owed to contractors in March 2020. The authority has launched a drive to ensure that all pending payments are cleared. While there were issues pertaining to […]
The MoRTH has invited suggestions and comments from all stakeholders including the general public on the proposed amendment in the Motor Vehicle Rules regarding registration of new vehicles, issuance of driving licences and recall of […]
The MoRTH recently conducted a meeting to assess the impact of the COVID-19 outbreak on road projects as well as the government’s strategy after the lockdown is lifted. The ministry has asked officials to make […]
The World Bank has approved a $500 million project to build safe and green national highway corridors in the states of Rajasthan, Himachal Pradesh, Uttar Pradesh and Andhra Pradesh. The project will also enhance the […]
NHAI has extended the bid opening date for Bundle IV under the toll-operate-transfer (TOT) model to April 15, 2020. Bids were invited in October 2019. The initial plan was to raise at least Rs 42 […]
NHAI has achieved the construction of 3,979 km of national highways in financial year 2019-20. This is the highest-ever length of highway construction achieved in a financial year by NHAI since its inception in 1995. […]
With toll collection on national highways suspended across the country, operators will reportedly be compensated through extension of their collection period by the same number of days for which non-tolling is in force. The government […]
The government has temporarily suspended toll collection on national highways to ease emergency services given the COVID-19 outbreak. The Ministry of Road Transport and Highways (MoRTH) had asked the National Highways Authority of India (NHAI) […]
The National Highways Authority of India (NHAI) is gearing up to place its first set of road projects with an infrastructure investment trust (InvIT) in May 2020. Institutional investors and private funds will be offered […]
Reportedly, the Ministry of Road Transport and Highways (MoRTH) is planning to issue tenders for projects spanning 3,000 km on the BOT model soon. The government plans to increase the national highway network from 96,000 […]
The cabinet has been apprised of amendments made to the Motor Vehicles (Amendment) Bill, 2019, as passed by the Rajya Sabha. The amendments will ensure concurrence of the state governments while formulating the National Transport […]
NHAI has reportedly downsized Bundle IV of the toll-operate-transfer model by about Rs 20 billion, reducing the initial estimated concession value to Rs 21.65 billion. Besides, the concession period of the bundle has now been […]
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