Page 5 - Ministry Of Road Transport And Highways

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

India's record pace in building roads slows down as bills rise, polls near

Terms for building expressways have been changed as the government seeks better utilisation of funds

Road ministry revises RFP document to include 'deemed approval' provision

The road ministry has included the provision of "deemed approval" in the revised document for request for proposal, for timely approval of reports submitted by Detailed Project Report (DPR) consultants. The Ministry of Road Transport and Highways (MoRTH) in a circular said timely approval of various reports submitted by consultants is considered a critical requirement for the preparation of timely DPRs. "Keeping that in view, provision of deemed approval has been included in the footnote below enclosure-III schedule for approval of reports," the circular added. The circular said approval or comments shall be communicated by the client to the consultant within the time period. "If no approval/comments are furnished within the time period by the client, it will be considered as deemed approval," it said. The circular said the deemed approval for submissions, the consultant will remain responsible for correctness of the submission. The ministry further said the officer(s) concerned

PM GatiShakti: Five road, railway infra projects recommended for approval

Five infrastructure projects of roads and railways have been recommended for approval under the PM GatiShakti initiative, the commerce and industry ministry said on Friday. These projects were assessed in the 65th Network Planning Group (NPG) meeting. "The NPG examined the projects from the perspective of integrated planning based on the PM GatiShakti principles. The project details were examined based on the planning/mapping on PM GatiShakti National Master Plan (NMP)," it said. The projects which are evaluated include highway projects in Goa, Meghalaya and Assam; construction of rail-over-rail bulb line in Bihar; and urban metro transit projects in Bengaluru and Delhi/NCR. The inter-ministerial NPG meets every fortnight and appraises infra projects to ensure multi-modality, synchronisation of efforts and comprehensive development in and around the project location. The initiative was launched to develop an integrated infrastructure to reduce logistics costs. All logistics and ..

Nitin Gadkari approves Rs 3,890.45 cr for NH-913 construction in Arunachal

The Union Minister of Road Transport & Highways has approved the construction of the Frontier Highway in three sections spanning a total of 202.14 km

Highway construction likely to reach 13K km in FY24: Highways secretary

Jain said the Ministry of Road and Highways (MoRTH) seeks to award 10,000 km of projects to maintain the pace of infrastructure development

Share of rural roads in total spends likely to fall further, shows data

The Budget indicates that the government is seeking participation from the private sector, suggested Aniket Dani, director, CRISIL Research