Page 8 - National Highways Authority Of India

Cabinet authorises NHAI to set up InvIT to monetise national highways

IRB Infrastructure Developers was the first private company in the sector to come out with an INvIT

Centre okays 22 green express highways, worth Rs 1.5 trillion, in Karnataka

Gadkari said his ministry and the state have sanctioned 2,300 km of new roads where the Detailed Project Report is ready

Schemes worth Rs 14,000 cr afoot to remove black spots from roads: Gadkari

Answering queries during question hour in Lok Sabha, Gadkari stated "black spots" will be identified on different roads including national highways, state highways and municipal roads

NHAI delays third phase of road monetisation; to come with improved offer

NHAI's decision to delay the tender comes within a fortnight of the Union cabinet giving it flexibility to fix the tenure of future road monetisation contracts

Paying cash in FASTag lanes won't invite penalty till December 15

The date has been extended by 15 days to give people more time to enable their vehicles with FASTag

Target to award Rs 50,000-cr highway projects in next 3 months: Gadkari

The projects will cover a length of 4,471 km of highways

NHAI starts expanding funding avenues to secure finances for future

Our target is to reach out to investors in every segment, be it a large investor, or small, an NHAI official said

NHAI asset monetisation: Cabinet approves TOT model for national highways

The monetisation will be subject to approval of the competent authority in the Ministry of Road Transport and Highways or NHAI on a case-to-case basis

Cube Highways' Rs 5,000-cr bid the highest for third lot of TOT projects

The National investment and Infrastructure Fund quoted Rs 4,230 crore while Mumbai-based IRB quoted Rs 3,510 crore

CCEA okays amendments to Toll Operate Transfer model for national highways

The government on Wednesday approved amendments proposed to the Toll Operate Transfer (TOT) model for national highways. The Cabinet Committee on Economic Affairs (CCEA) has given its approval to the amendments proposed in the TOT model by the National Highways Authority of India (NHAI), Finance Minister Nirmala Sitharaman said. Public-funded national highway (NH) projects that are operational and have toll revenue generation history of one year after the commercial operations date (COD) will be monetised through the TOT model, she said after the CCEA meeting. The monetisation will be subject to approval of the competent authority in the Ministry of Road Transport and Highways/NHAI on a case to case basis, she added. The corpus generated from proceeds of such project monetisation will be used by the government to meet its fund requirements regarding future development and O&M (operations and maintenance) of highways in the country. The model would facilitate efficient toll ...

NHAI to issue land bonds for acquisition from states, other stakeholders

New mechanism will postpone upfront payment

NHAI to focus on execution, not on awarding new road projects: CRISIL

NHAI's debt has risen eight times from fiscal 2014 to Rs 1.8 trillion fiscal 2019, primarily because of spiralling costs of land acquisition in the roads sector

How 'national highway' status for roads is hurting govt's finances

Nomenclature leads to reduction in toll revenues for the existing highways

NHAI seeks Rs 25,000-cr additional budgetary support for highway projects

The NHAI has the approval to raise Rs 75,000 crore in borrowings during the current year, while the government support is Rs 36,691 crore

Sukhbir Singh Sandhu succeeds Nagendra Nath Sinha as new NHAI Chairman

Senior IAS officer Sukhbir Singh Sandhu on Monday took over as the chairman of National Highways Authority of India (NHAI). Sandhu succeeds Nagendra Nath Sinha who has been appointed as the Secretary, Department of Border Management. "Dr Sukhbir Singh Sandhu has taken over as Chairman, NHAI, today. He is an IAS Officer of 1988 batch Uttarakhand cadre, who has held important positions in the central government and the Government of Uttarakhand, Government of Uttar Pradesh and Government of Punjab," NHAI said. Sandhu was Additional Secretary, Department of Higher Education, Ministry of Human Resource Development. He has done his MBBS from Government Medical College, Amritsar and Master's Degree in History from Guru Nanak Dev University, Amritsar and he is also a law graduate. "He has vast experience in field of state roads, infrastructure development, PPP projects, finance, urban development, environment, health & family welfare, tourism, revenue administration, rural development, .

NHAI recruitment 2019: Apply for 30 Deputy Manager posts on nhai.gov.in

Interested candidates are requested to apply for the NHAI Deputy Manager posts on or before October 31, 2019 on the official website - nhai.gov.in

Automobile slowdown: Number of vehicles crossing toll gates slowing

While traffic and toll collection will take a hit in FY20, toll rates may not rise much in FY21 owing to a lower wholesale price index (WPI)

Rs 30,000-crore road projects identified under built operate transfer

In sync with norms on hybrid-annuity and EPC contracts, NHAI has identified stretches of approximately 935 km across India, which will be constructed on built operate transfer (BOT) toll mode

NHAI to put existing highway projects under infrastructure investment trust

It is learnt that the National Highways Authority of India (NHAI) would prefer brown-field projects over greenfield contracts for InvIT

NHAI's maiden infra investment trust plan unlikely to see foreign interest

The minister met bankers, foreign investors and road developers as part of a road show for the NHAI's monetisation of a third bundle of roads under the TOT model