Union minister Nitin Gadkari has said that Chinese companies have not made investments in highway projects in India in recent times.
IRB Infra said the company has won the bid for the construction of six lanes of 20 km Pondavakkam to Kannigaipair stretch on the upcoming Chittoor Thachur Highways
Union Minister Nitin Gadkari inaugurated and laid the foundation stone for 16 national highway projects in Manipur with an investment of Rs 4,148 crores covering a total length of 298 kms
GIP is an infrastructure investment fund making equity and selected debt investments
Many road contracts have in-built provisions to help them tide over input price hike; NHAI monitoring situation on the ground
Construction target for the year roughly translates into 12-13 km a day
The Centre has approved 28 highway projects worth Rs 1,210.17 crore in Uttarakhand, union Minister Nitin Gadkari said on Thursday.
Adani Enterprises on Friday said it has won a Rs 1,169.10 crore highway project in Odisha from the National Highways Authority of India (NHAI).
The government on Thursday approved highway projects worth more than Rs 6,176 crore. These projects pertain to seven states and union territories, including Maharashtra, Assam and Ladakh. "Ministry of Road Transport & Highways has accorded approval to upgradation, rehabilitation and reconstruction of a number of projects, across the country," it said in a statement. These include Rs 2,801.33 crore-worth projects in Maharashtra and RS 1,259 crore-worth projects in Assam. According to the ministry, projects worth Rs 779 crore have been approved for Ladakh while Rs 810 crore projects have been approved for Andhra Pradesh.
Close to 8,500 km of road, highway projects being planned to be awarded by March 2022
Expressing commitment to augment the country's infrastructure, Finance Minister Nirmala Sitharaman said projects for building 8,500 km of highways will be awarded by March 2022
Union Minister Nitin Gadkari will on Thursday inaugurate and lay foundation stones for highway projects worth Rs 8,341 crore in Rajasthan, an official statement said.
NHAI may consider floating another set of contracts in the next fiscal year
Govt identifies 70,000 km of roads that will be offered to private companies
Under the new proposal, firms will give bank guarantees every year against anticipated govt payment for that year
These pertain to 16 projects comprising over 1,400 kms of highways
In addition, the Road Transport, Highways and MSMEs minister will inaugurate a 27 km highway project - Kazhakoottam to Mukkola, built at a cost of Rs 1,121 crore
Starting next month, government targets bidding out six projects by April 2022
The projects include cost of civil work, land acquisition, and other pre-construction activity.
NHAI said it awarded projects for building 1,330 km of highways in April-September, up 60 per cent from the year-ago period despite the challenges posed by the Covid-19 pandemic