Page 5 - Ministry Of Road Transport And Highways

Budget 2024: Capex momentum for developing highways likely to continue

Focus will be on the quality of work done and not just the length of highways built, say senior govt officials

NHAI plans to offer 15 projects worth Rs 44,000 cr under BOT mode in FY25

State-owned NHAI is looking to offer 15 road projects worth Rs 44,000 crore covering 937 km during the current financial year under the Build-Operate-Transfer (BOT) mode. Earlier this year, Ministry of Road Transport and Highways (MoRTH) came out with a modified BOT project document to attract private companies for investments in the highways sector. These stretches include Guwahati Ring road including Brahmaputra Bridge in Assam (project cost Rs 5,500 crore), Kasarwadi-Rajgurunagar in Maharashtra (Rs 5,954 crore), Pune-Shirur road project in Maharashtra ( Rs 6,170 crore) and Armoor-Mancherial road project in Telangana (Rs 3,175 crore), among others. In BOT projects, private investors take the financing, building and operating a highway project over a concession period of 20-30 years. The developer then recoups investment through user charges or tolls. The changes in BOT projects introduced earlier this year include construction support to concessionaires to complete them on time a

Nitin Gadkari takes charge as Minister of Road Transport and Highways

Senior BJP leader Nitin Gadkari on Wednesday took charge as the Minister of Road Transport and Highways. In a post on X, formerly known as Twitter, Gadkari conveyed his heartfelt gratitude to Prime Minister Narendra Modi for reassigning him this role in Modi 3.0 and remarked that India will be equipped with world-class, modern infrastructure at an accelerated pace under Modi Ji's visionary leadership. Gadkari, popularly referred to as the 'Highway Man of India', is credited with the construction of more than 54,858 km of national highways in the country in the last 10 years. The 67-year-old leader from Nagpur in Maharashtra has been the longest serving road transport & highways minister. Under his leadership, the road ministry aims to complete the construction of 1,386-km Delhi-Mumbai Express by December this year. The former BJP president -- closely associated with the Rashtriya Swayamsevak Sangh -- has won three consecutive times from the Nagpur seat, which houses the RSS ...

Indian highways, city roads may soon have dedicated two-wheeler lanes

Insights from government statistics show that an alarming 44 per cent of road accidents and subsequent fatalities in India involve two-wheelers

Road transport fleet operators revenue to grow at 9-11% in FY25: CRISIL

Revenue growth of road transport fleet operators is expected to double to 9-11 per cent this fiscal, riding on better domestic demand amid tepid exports, CRISIL Ratings said on Thursday. It further said operating margin is seen improving 75-100 basis points on better fleet utilisation and steady fuel costs. According to the rating agency, the credit profile of operators should remain strong as well, as they may look to moderate capital expenditure (capex) towards fleet expansion, following strong additions in the past three fiscal years, as new guidelines for air-conditioned driver cabins kick in the next fiscal year. Fleet operators expanded their fleet size by 60 per cent in the three fiscal years through 2024, as demand recovered sharply post the Covid-19 pandemic and returns from fleet additions were immediate. "With focus now on consolidation of operations, fleet additions would moderate to 15 per cent of the existing fleet size this fiscal, on a significantly expanded base,"

Govt's 100-day road map: 700 km corridors, 3,000 km on cards road projects

Highway ministry said it has deliberated on 100-day plan for new government

New BOT terms may revive pvt capex in highways: India Ratings and Research

Most Concerns Attended to, but Toll Estimation and Traffic Diversion from Competing Roads Pose Risk

NHAI identifies 33 highway stretches of 2,741 km for monetisation in FY25

State-owned National Highways Authority of India (NHAI) has identified 33 highway stretches cumulatively spanning 2,741 kilometres to monetise during the current financial year through toll operate transfer (TOT) and infrastructure investment trust (InvIT) modes. The identified stretches include Lucknow-Aligarh, Kanpur-Ayodhya-Gorakhpur, and Bareilly-Sitapur in Uttar Pradesh, Gurugram-Kotputli-Jaipur bypass and Jaipur-Kishangarh in Rajasthan, Panikoili-Rimuli in Odisha, Chennai bypass in Tamil Nadu, and Muzaffarpur-Darbhanga-Purnia highway in Bihar. "The asset would be monetized through ToT/InvIT modes. "NHAI will have discretion to review and change the above list and modes of monetization," the agency said. NHAI has raised Rs 40,314 crore through various modes of asset monetisation in 2023-24 against the target of Rs 28,868 crore. NHAI's asset monetisation has crossed Rs 1 lakh crore till date. The Ministry of Road, Transport and Highways (MoRTH) had raised Rs 32,855 crore in .

Road ministry capex utilisation in FY24 closes at record high 99.93%

As against the budgetary outlay of Rs 2.645 trillion in FY24, the road ministry has spent Rs 2.643 trillion. By including private investments, the capex goes up to Rs 3.01 trillion

NHAI executed capex for FY24 increases by 20% to Rs 2.07 trillion

The highway authority has constructed 6,644 km stretch, exceeding its FY24 construction target, according to an official

Up in arms: Feracrylum mandate not gelling with automobile companies

The gel, known as Feracrylum, is used to halt bleeding from burns and wounds. However, it is produced by a single company, Themis Medicare

Stricter norms: Govt tightens noose around scrapping facility regulations

Industrial zones are classified into red, orange, green, and white categories, determined by a pollution index score derived from factors such as emissions, effluents and hazardous waste generation

National highways construction up, but govt may miss award target

Construction of highways in February stood at 1430 km in February, which is higher than the 1260 km it had achieved in February 2023, but shy of what the Centre had expected

Govt to issue fresh draft for installation of rear seat belt alarm in cars

The Motor Vehicle Act mandates in-built seat belt reminders for drivers and passengers in the front seats, while also stipulating a Rs 1,000 fine for those found in violation of the Act

Expect completion of 4 more smart cities, logistics park by FY25: NICDC CEO

Rs 23,000 crore investment mobilized in Delhi-Mumbai Industrial Corridor

Shape-shifting 'L2-5' vehicle category gets road ministry green light

The L2-5 can seamlessly switch between being a two-wheeled vehicle (L2 category) or a three-wheeled vehicle (L5 category)

Centre propose amendment in CMVR rules related to LPG retrofitting

Industry players said that the proposed move is a step in the right direction, providing relief to the industry while also ensuring stricter environmental enforcement

Highway construction to be around 12,000-13,000 km in FY24: Road secy

Road Secretary Anurag Jain says capacity augmentation, lane widening will touch a record high in FY24

National highway projects continue to ride in first gear, shows data

Centre has awarded only 3,481 km of projects in FY24 which is nearly 60% lower than last year and 35% of its target

Bike taxis get Centre's legal kick-start paving way for new riding option

This move now allows motorcycles to operate legally as contract carriages in India, potentially opening up new transportation options and income opportunities