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FASTags at toll plazas to improve transportation efficiency: SIAM

The government had extended the date for making FASTag mandatory for toll payments on national highways to December 15 from December 01

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

Govt extends mandatory FASTag roll out for toll payments to December 15

The Ministry of Road Transport and Highways had earlier announced that from December 1, toll payments on highways would be accepted through FASTags only

Bangalore Elevated Tollway awarded Rs 492 cr towards claim against NHAI

IL&FS Engineering and Construction said on Thursday that Bangalore Elevated Tollway Pvt Ltd (BETPL) has been awarded an amount of Rs 492 crore towards claim filed by the company against the National Highways Authority of India (NHAI). IL&FS Engineering and Construction Company Ltd, an IL&FS group company, has 24 per cent stake in BETPL. IL&FS in a statement said it is entitled to about Rs 118 crore from the total claim awarded by the arbitration tribunal. BETPL is a special purpose vehicle (SPV) promoted for the development of four-lane elevated and six-lane road from Silk Board Junction to Attibele in Bengaluru. NHAI had awarded the project to BETPL on a built-operate-transfer (toll) basis in January 2006. The scope of project involved construction of a four-lane elevated highway. "BETPL had filed a claim against the NHAI in the tribunal as per the terms of the contract pertaining to matters related to additional cost incurred due to extension of construction period ..

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

No automatic stay on enforcement of arbitration award if challenged: SC

Apex court strikes down Section 87 of Arbitration Act; Does not give interim relief to petitioners, HCC, Gammon India

Link your FASTag to a prepaid card, not a savings or current account

Since FASTag is mandatory, it's better to understand its risks; linking it to your savings will lead to balance being deducted from your bank account

NHAI to issue 200,000 FASTag by March 2017

FASTag offers near non-stop movement of vehicles through user plazas and cashless toll fee payments

Gadkari tells NHAI to deploy best tech for success of FASTag project

The FASTag programme is being implemented pan-India to remove bottlenecks and ensure seamless movement of traffic

NHAI to start electronic toll collection with FASTag before deadline: Govt

The National Electronic Toll Collection (FASTag) programme has been implemented nationally to remove bottlenecks and ensure seamless movement of traffic

Gadkari directs NHAI to issue free FASTags at toll booths until Dec 1

Almost 90 per cent toll plazas are ready with FASTag infrastructure as of now and only some new toll plazas will face teething issues, the minister said

Poor project management in building office by NHAI blocked Rs 44 crore: CAG

The government watchdog, in its 'Audit Report on Union Government (Commercial)-Compliance' has also said that NHAI made avoidable payment of Rs 11.79 crore on rent

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

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

Provide basic amenities on Peripheral Expressways: Delhi HC to NHAI, HSIIDC

The petitioner said he made a representation to the NHAI on April 1 but till date no action has been taken after which he approached the high court.

NHAI fined over Rs 6 cr for causing air pollution via construction in UP

The authority has also been instructed to sprinkle water wherever construction work is being undertaken around Agra, they said

Dilip Buildcon adds 3% on bagging contract for Rajkot's greenfield airport

Earlier, on October 30, the company informed the exchanges that NHAI has fixed October 24 as the appointment date for its wholly-owned subsidiary for construction of a highway under Bharatmala

Waiver of earnest money deposit relief for mid-sized highway players: Icra

Central road implementation agencies seek 1% of contract value as bid bond guarantees