The SPV, formed under the guidance of the road ministry, aims to address typical cost overruns with infrastructure projects
While the Centre has taken FCI's debt on to its books, the NHAI debt load is not only larger, but also has different dynamics altogether
The Road Transport and Highways Minister said that there is a huge opportunity for investors in India's infrastructure sector as the traffic density is rising every year
With a project cost of Rs 17,085.16 crore, the proposed Greenfield Ganga expressway will be India's longest expressway under PPP framework
Replying to a written question in the Rajya Sabha, Road Transport and Highways Minister Nitin Gadkari said the protest started affecting toll collection from October 2020
Ircon emerges lowest bidder for projects worth ₹1,462 cr
FASTags are prepaid rechargeable tags affixed on the windshield of vehicles for toll collection on national highways. They work with Radio Frequency Identification (RFID) technology
The Hybrid Annuity Model is expected to account for half of the projects
CPPIB, Ontario Teachers' Pension Plan will be anchor investors of Rs 6k-cr issue
The Road Transport and Highways minister further said that subsequently, more national highways will be added to the InvIT portfolio.
According to Gadkari, there is a massive response seen in the domestic market for electric scooters from new start-ups.
They are the Ahmedabad-Dholera, Delhi-Amritsar-Katra, Bengaluru-Chennai and Kanpur-Lucknow stretches, which would be taken up next
Monetisation of road assets holds the key here as it accounts for 27 per cent of the NMP in value terms
"Once the Delhi-Mumbai Expressway is completed and opened for the public, we will get at least Rs 1,000-1,500 crore as toll revenues every month," he told PTI in an interview.
The road ministry and the NHAI have finalised the proposal after some investors approached them to allow them a board seat on the SPV concerned
NHAI has planned an InvIT, but it has seen multiple deferments over the Covid disruptions. But a Rs 5,100-cr InvIT is now likely next month
More than 5,000 kms of avenue plantation works worth Rs 650 crore have been executed so far under the National Green Highways Mission (NGHM), as per an official document
The number of vehicles, which was rising since the start of the year, dipped to 116.48 million in May when a majority of the states imposed lockdowns to curb the spread of coronavirus
Addressing a virtual CII meet, Gadkari said that the National Highways Authority of India should also have a financial arm such as the Power Finance Corporation
This was due to Covid-19-related restrictions