The idea is to welcome more private investment and boost the economy through highway construction, said Sandhu
NHAI is taking the lead in conciliating matters and working towards resolving disputes through conciliation
The National Highways Authority of India (NHAI) on Friday said the electronic toll collection through FASTag has crossed Rs 80 crore a day with record 50 lakh transactions per day.
NHAI may consider floating another set of contracts in the next fiscal year
NHAI plans to put at least two-three projects worth Rs 5,000-6,000 crore under the InvIT by March-end.
Govt identifies 70,000 km of roads that will be offered to private companies
The NHAI said it is actively promoting digital payments to enhance the user experience on national highways
Maintaining cash flow a problem; experts feel global players needed for execution, maintenance
The firm fundamentally has no assets, say experts. Ten of its subsidiaries are under corporate insolvency, most holding either a single or a group of road or power assets
This rise is mainly due to a shift of at least 6-7 per cent traffic from roads to railway in these two months.
Under the new proposal, firms will give bank guarantees every year against anticipated govt payment for that year
Experts feel that kick-starting the process with relatively smaller stretches will help to test waters
Industry players say liquidity crunch after Covid-19 a reason for change
Debt resolution, Covid-related liquidity concerns, and a long legal process acting as deterrent are some reasons pushing firms to pursue conciliation
Starting next month, government targets bidding out six projects by April 2022
The projects include cost of civil work, land acquisition, and other pre-construction activity.
NHAI said it awarded projects for building 1,330 km of highways in April-September, up 60 per cent from the year-ago period despite the challenges posed by the Covid-19 pandemic
The govt had to earlier cancel the second package of TOT because of tepid response while the third package ran into funding troubles for the Singapore-based operator Cube Highways
The road developer will be tasked with the operation, maintenance and management of the contract
Other suggestions pertaining to policy related matters have been sent to the ministry for consideration