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Nitin Gadkari urges industry to cash in on upcoming 22 expressway projects

Addressing a conference on 'Future Fuels for Transportation' by FICCI, the minister said plans were afoot to set up 2,000 petrol pumps, including LNG

Investors place bets on roadbuilders in hope of boost in infra spending

Sitharaman outlined $1.5 trillion in infrastructure investment last month, of which federal and state govts will contribute at least 75%

RIL approaches NHAI for offering waste plastic-to-road technology

Along with NHAI, RIL is also in talks with state governments and local bodies across the country for offering its technology, he said.

Five firms exit highway projects as NHAI faces delay in land acquisition

It is learnt that the five companies have surrendered eight projects across various states

Audit underway to weed out officials with below-par performance: Gadkari

Gadkari said that monitoring and review at the official level needs greater attention and focus.

Delhi-Mumbai expressway growth engine, cut travel time by half: Gadkari

Addressing an event at Manesar in Haryana's Gurgaon district, he also said the expressway will cut the travel time between Delhi to Mumbai by almost half

Performance audit for officials, non-performers to go: Nitin Gadkari

Senior officials of the ministry, NHAI, state governments, contractors, concessionaires, and consultants attended the review meeting

Nitin Gadkari to review 500 stuck, delayed projects worth Rs 3 trillion

Minister of State for Road Transport and Highways VK Singh will also attend the meeting

NHAI kicks off arbitration claim settlement via reconciliation process

The NHAI also raised claims of Rs 145.33 crore, excluding interest, against the concessionaire on account of delays and other issues

Top Headlines: Amazon to invest $1 bn in Indian SMBs, Airtel $3-bn QIP plan

Bharti Airtel has announced allotment of 323.5 mn equity shares to eligible institutional buyers at an issue price of Rs 445 per share as part of $2 billion QIP

Changes in BOT road contracts may not jumpstart private investment

Changed bidding and contractual guidelines for build-operate-transfer (BOT) road contracts are being finalised but big construction companies might, it is believed by observers, not be in a hurry to return to this segment.As for smaller players, they are occupied with hybrid annuity projects. The decisive factors in attracting private investment will be the stretches offered for bidding and projected traffic density.The new draft norms have been brought in to encourage private participation in BOT. Large highway developers (L&T, Hindustan Construction) had started avoiding these contracts, over delayed return on investment, rigid concessionaire agreements and legal disputes with governments.According to the draft Model Concessionaire Agreement, the National Highways Authority of India (NHAI) and the concessionaire would agree that in a financial default, the lender or banks can invite, negotiate and procure offers, either by private negotiations or public auction or tenders, for ..

Govt releases funds for four-laning of NH-21's Kiratpur-Nerchowk section

Nitin Gadkari said that the work on 29 kilometres has already been awarded and is under progress

Lenders can now transfer stuck BOT projects to other developers

This move will draw a fine line of functional balance of public-private partnership for development of highway infrastructure in the country

Govt looking for more revenue from highways, NITI suggests measures

NITI Aayog has been working with the NHAI to ensure an improvement in financial sustainability and project viability, said an official

MFs yet to warm up to InvITs; NHAI instrument may change the trend

According to the Securities and Exchange Board of India (Sebi) November 2019 data, the amount deployed by mutual funds in InvITs stands at Rs 933 crore

Post rollout, 10.1 mn FASTags issued for electronic toll collection on NHs

The National Highways Authority of India (NHAI) started electronic toll collection through RFID-based FASTags on its 523 toll plazas across the country from December 15 for seamless flow of traffic

To enhance security, microdots identifiers to be fixed on vehicles

The objections and suggestions received in respect of the said draft rules have been duly considered by the central government; before notifying the amendments, the statement said

BOT highway projects may go slow in future over concerns on funding

New guidelines for BOT projects are being worked out, making developers wait and watch

Efforts on to create 5 mn jobs, high priority to economy: Nitin Gadkari

The road transport, highways and MSME minister said situation is challenging but the Indian economy, which is the fastest-growing economy, will progress fast

Green shoots in infra: Road builders' credit demand switches to fast lane

The first of a three-part series on credit pick-up looks at the road construction sector, which seems to be recovering