Page 21 - Nhai

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

Nagpur-Kamptee road project delayed by defence ministry objections: Gadkari

The minister said he has given these subjects to Defence Minister Rajnath Singh for the past one-and-a-half months

Rs 24,396 crore collected at National Highway tolls in 2018-19: Gadkari

570 fee plazas are operational on the National Highways across the country as on October 31, 2019

Unclogging the liquidity flow

While easing procedures against arbitration awards helps, more needs to be done to boost infra

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

NHAI slows down on giving data, makes analysis of projects tougher

Industry experts depend on NHAI's data on awards and execution to draw their projections.

NHAI raises Rs 36,526 cr through internal, extra budgetary resources

The government has released Rs 20,101 crore to the NHAI in the current financial year till October 31, said Nitin Gadkari

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