Page 7 - Highways

IRB set to reap benefits from govt's infrastructure push, says report

IRB Infrastructure is well poised to leverage the government's push on creating highway infrastructure due to its strong balance sheet and its association with the Spain-based Cintra

September sees revival in national highway construction: Govt data

The ministry had constructed 10,237 kms in 2019-20, 13,327 kms in 2020-21, and 10,457 kms in 2021-22

Road and highways sector has maximum number of delayed projects: Report

The road transport and highways sector has the maximum number of delayed projects at 248, followed by railways at 116 and petroleum sector at 88, showed a government report. In the road transport and highways sector, 248 projects are delayed with respect to their original schedule out of the 831 monitored, as per the latest flash report on infrastructure projects for August 2022. Similarly in railways, out of 173 monitored projects, 116 are delayed, while for petroleum, 88 out of 139 projects are delayed. The Infrastructure and Project Monitoring Division (IPMD) is mandated to monitor central sector infrastructure projects costing Rs 150 crore and above, based on the information provided on the Online Computerised Monitoring System (OCMS) by the project implementing agencies. The IPMD comes under the Ministry of Statistics and Programme Implementation. The report showed that the Muneerabad-Mahaboobnagar rail project is the most delayed project. It is delayed by 276 months. The sec

Traffic snarl on Delhi-Jaipur Highway, commuters stranded for hours

Commuters travelling from Manesar to Gurugram on Wednesday witnessed heavy traffic congestion after a vehicle broke down on the Delhi-Jaipur Highway. The traffic police issued an advisory about the situation on Twitter and put up sign boards for route diversion. Deputy Commissioner of Police (traffic) R S Sangwan said, There was traffic congestion owing to the breakdown of a vehicle only. Our teams are at spot to manage the traffic and now the situation is under control. The main carriageway of the highway was closed on Wednesday for the next six days due to span load test work being undertaken by the National Highways Authority of India (NHAI) on the Jaipur to Delhi lane of the highway. The commuters, most of them office-goers, were stuck in the traffic jam. Many said it took them almost five hours to get to IMT Chowk, Manesar from Hero Honda Chowk. I'm stuck here in a jam for the last one hour. I got to know about the traffic police advisory in the morning through social media.

PNC Infratech bags Rs 1,458 crore order from NHAI; stock climbs 6%

The 1,458 crore Uttar Pradesh highway construction project is around 79 kilometers in length and is estimated to be constructed in 24 months

India set to have 180k km highways, 120k km rail lines by 2025: Report

The country is on course to build more national highways and rail lines during the decade ending 2025 than it has cumulatively done between 1950 and 2015, a report said on Wednesday. The total length of national highways is expected to reach 1.8 lakh kilometres, while that of the railway lines 1.2 lakh kilometres by 2025, Bank of America Securities India said in a report. Between 1950 and 2015, the nation built only 4,000 kilometres of national highways, taking the total length to 77,000 kilometres in 2015. However the highway length is on course to cross 1.8 lakh kilometres by 2025 -- more than double the existing length -- in ten years time. When it comes to the rail network, the nation had only 10,000 kilometres of rail lines in 1950, which rose to 63,000 kilometres in 2015. But it is slated to touch 1.2 lakh kilometres in 2025, the report said. The port capacity which was only 777 MTPA in 1995 rose to 1,911 MTPA in 2015 and is on course to more than double to 3,000 MTPA by 2025

India at 75: How strong infrastructure holds the key to unlock bight future

Ambitious plans like the bullet train, 5G telecom network, and several more will be instrumental in shaping a better future, covering a major portion of the population

Revving up in low gear: The paradoxes in India's transport sector

No Indian airline makes money, railways' passenger traffic is stagnant, and roads have a revenue imbalance problem, but investments in all three are like never before, notes T N Ninan

KNR Constructions dips 4%, hits 52-week low on margin concerns

As on March 31, 2022, the company has an order book position of Rs 9,001 crore. With this, KNR has targeted further order book inflow of Rs 4,000 to Rs 5,000 crore for the year FY23.

Union Minister Gadkari sets target to construct 60 kms of highway per day

Union Road Transport and Highways Minister Nitin Gadkari on Monday said his target is to construct 60 kilometres of highway per day.

Govt changes contract rules for highways, project cost to be sole factor

For work under Hybrid Annuity Mode, operations and maintenance will not be a criteria anymore.

Devi of Kanyakumari will soon meet Vaishno Devi with single road: PM Modi

PM Modi said that the idea of Ek Bharat Shreshtha Bharat is to focus on bridging distances, asserting that the government's aim is to provide all-weather connectivity to Jammu and Kashmir.

Gadkari announces Rs 10,000 cr expressway project between Aurangabad-Pune

Gadkari said an access- controlled expressway will be constructed between Aurangabad and Pune at a cost of Rs 10,000 crore to considerably reduce the travel time between the two Maharashtra cities

MoRTH constructs 8,045 kms of highways during April-February '22

The Ministry of Road Transport and Highways (MoRTH) through its various implementing agencies has constructed 8,045 kms of highways up to February 2022 during the current financial year

India's first electric highway between Delhi and Jaipur my dream: Gadkari

Gadkari on Tuesday said making India's first electric highway between Delhi and Jaipur is his dream.

Modi govt's infrastructure push fuels bond sales by highway builders

The average yield on top-rated three-year corporate bonds rose to 6.02% on Monday, the highest level in a month.

Earnest money deposit provision in highways bidding process restored

The government's decision also comes in the backdrop of a rising tendency of bidders to make abnormally low bids for construction and consultancy contracts

HCC Group signs pact with Cube for sale of Baharampore-Farakka Highway

HCC Group said it has signed an agreement with Cube Highways to sell Baharampore-Farakka Highways Ltd (BFHL) at an enterprise value of Rs 1,279 crore.

Working to develop 200,000 km national highway network by 2025: Gadkari

Gadkari on Sunday said that the central government is working to develop a national highways network of 2 lakh kilometres by 2025.

MoRTH for allowing vehicles to have maximum 3 decks to transport 2-wheelers

It will enhance the carriage capacity of two-wheelers by 40-50 per cent, according to a statement