'Banks over-financed road projects, now crying foul'
As the roads and highways sector grapples with a massive problem of funds going bad, the role of banks have come under scrutiny for "happily over-financing" a large number of projects without necessary due diligence and thus creating a 'scam-like' situation.
Oct 11, 2015, 22:48 PM IST
Soon, app to report over-speeding vehicles
Aiming to promote road safety and proper highway management, the National Highways Authority of India (NHAI) will introduce a mobile application integrated with a transport registration network in the coming months, an official said here.
Oct 10, 2015, 00:30 AM IST
Coming soon! New Expressway from Delhi to Agra
The new Delhi-Agra Expressway will be 200 kilometre long. The government will also build six new highways in the country.
Sep 14, 2015, 15:21 PM IST
Brookfield buys nine projects from Gammon Infra for Rs 6,750 crore
Gammon Infrastructure has sold stake in 9 projects valued at Rs 6,750 crore to Brookfield and Core Infra India Fund, a deal that will fetch Rs 563 crore as well as reduce its debt by Rs 1,718 crore.
Aug 29, 2015, 10:41 AM IST
Developers allowed to divest 100% equity in road projects
The government Wednesday allowed developers to divest 100 percent equity in projects two years after the completion of such schemes, a move that can unlock investments worth about Rs 4,500 crore in the sector.
Aug 26, 2015, 22:47 PM IST
Govt to develop 15,000 km of NH at Rs 1.9 lakh crore
To improve connectivity with far- flung areas including major tourism centres, the government plans to develop 15,000 km of National Highways (NH) at an estimated cost of Rs 1,90,000 crore.
Aug 03, 2015, 16:37 PM IST
IRB infra arm ties up Rs 1,400 cr for NHAI project
IRB Infrastructure Developers Ltd Tuesday said its subsidiary has tied up Rs 1,400 crore funds to execute a project awarded by National Highway Authority of India.
Jul 28, 2015, 14:30 PM IST
Centre aims to build 30 km NH every day: Nitin Gadkari
He said his ministry had already set a target to spend Rs 5 lakh crore in road infrastructure and Rs one lakh crore in inland water projects within five years.
Jul 10, 2015, 19:58 PM IST
IRB Infrastructure bags Rs 2,650-cr contract from NHAI
The cost of the project is estimated at Rs 2,650 crore with construction period of 910 days and the concession period for the same is 24 years.
Jul 07, 2015, 16:19 PM IST
NHAI invites applications from developers for fund infusion
The government last month allowed the National Highways Authority of India (NHAI) to provide funds to projects that are in advanced stages of completion but are stuck due to equity crunch.
Jun 21, 2015, 12:01 PM IST
Govt allows cos to exit road projects; NHAI to fund stalled ones
The government on Wednesday allowed developers to exit highway projects two years after they are completed, a move that will unlock investments worth Rs 4,500 crore and provide renewed thrust to the sector.
May 13, 2015, 13:17 PM IST
Government approves Rs 5,529-cr highway projects
The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Narendra Modi, gave approval for development of the eight-laning of Mukarba Chowk to Panipat section of National Highway 1 in Delhi and Haryana.
Apr 22, 2015, 23:11 PM IST
Land delays hit road projects; 31,000 hectares acquired in 3 years
Delays in acquisition of land for construction of highways has hit projects even as government has acquired over 31,000 hectares for building roads in the last three years, Parliament was informed Thursday.
Mar 19, 2015, 18:30 PM IST
Highway projects to pick up in Q1 of the next fiscal: ICRA
Efforts to fast-track clearances in the highways sector will yield positive results beginning the first quarter of 2015-16, rating agency ICRA said Monday.
Feb 23, 2015, 21:29 PM IST
Rs 10 lakh cr investment in highways, shipping by 2019: Nitin Gadkari
Unveiling plans for Rs 10 lakh crore investment in highways and shipping sectors by 2019, Union Minister Nitin Gadkari on Sunday said the face of India's basic infrastructure will be changed in five years.
Feb 22, 2015, 13:32 PM IST
CCEA gives nod to highway projects worth Rs 8,600 cr
The government Thursday approved over Rs 8,600 crore of highway projects in Uttar Pradesh, Odisha and Chhattisgarh.
Feb 19, 2015, 23:04 PM IST
NHIDCL to work on Rs 34,300 cr projects in first tranche: Gadkari
He said NHICL, on the lines of NHAI, will expedite projects mainly in North Eastern regions and strategic areas like in parts sharing international borders to boost economic activities besides job creations.
Jan 28, 2015, 15:01 PM IST
Progress on road projects indicates proactive govt: Crisil
Construction work in 12 road projects, which were awarded in FY 2014, has started, indicating a proactive government and faster approvals by the implementing agencies, a study by Crisil Research said.
Dec 09, 2014, 19:08 PM IST
Delays in decision making, flawed pacts hurt road sector: NHAI
Delays in decision-making by authorities, flaws in developer agreements and absence of a clear blueprint for highways have scuttled road sector's growth and PPP projects, NHAI Chairman R P Singh said on Tuesday.
Sep 23, 2014, 18:01 PM IST
Cabinet may take up Road Ministry's proposal to amend MCA
At present, road developers can exit projects only two years after beginning of commercial operations. For projects awarded before 2009, concessionaires at no point of time can exit projects fully.
Aug 31, 2014, 11:49 AM IST
