It is learnt that the replacement is being done after several considerations, including keeping the financial aspect of the project in mind
In the future, the authority plans to offer 19 projects worth Rs 35,000 crore under the InvIT model
Construction target for the year roughly translates into 12-13 km a day
No credible signs yet of the viability of long-term infrastructure lending in India
A similar proposal is being considered for other infrastructure assets with other government departments
NHAI has rechristened Cochin Port Road Private Ltd as National Highways Logistics Management Company to oversee multimodal logistics parks and port connectivity projects
Value capture finance or VCF is a type of public financing that recovers some or all of the value that public infrastructure generates for private landowners
With an average speed of 29.81 km per day, the construction of national highways during 2020-2021 has been the highest ever in the last five years despite the Covid-19 crisis and months of lockdown.
Its recent experience offers crucial insights into what makes an asset monetisation exercise successful
May borrow Rs 9,000 cr this year even as it has offers of Rs 29,000 cr
At the heart of his criticism is the delay in decision making and a lack of monitoring. Some officials, however, blamed the delays on overambitious contractors
SPV to take over financial liabilities, but traffic risks remain with NHAI
Analysts expect better order flows, improving labour availability and rising construction activities to boost second half performance
The project is to be completed in 24 months and its operation period is 15 years from the COD
It has set a target of awarding 4,500 km of highway during current financial year, which it is likely to exceed
Industry executives and analysts said most of this new order activity was a spillover, and fresh project finalisation remains weak
Highways will be assessed on the basis of three criteria; highway efficiency, highway safety and user services
NHAI constitutes a panel to select an Investment Manager to initiate the InvIT process
The National Highways Authority of India (NHAI) will complete these contracts but will not award fresh projects to Chinese firms.
The government had warned against a large-scale cyber attack against individuals and businesses earlier this month