Ever since the govt's nod for monetisation, NHAI has been conducting traffic studies
Between the current financial year and the last financial year, NHAI alone awarded 24 projects under HAM
LIC agreed to subscribe to NHAI taxable bonds to the tune of Rs 25,000 crore
NHAI has raised Rs 10,000 crore through taxable bonds of EPFO in this financial year
LIC has offered the coupon rate of 30 years maturity at G-sec rate plus 50 bps per annum
MORTH and NHAI will replace all level crossings on NH corridors with road overbridges and underbridges in next 5 years
Project pertains to four-laning of a 81-km stretch of Phagwara-Rupnagar
Official says, the shortfall is because the government was not ready with the detailed project reports
The move follows the government's move to authorise NHAI to monetise the public funded highway projects in August
The project is scheduled to be completed in 24 months from the date of commencement of the project
Finalises road assets worth Rs 1 lakh cr for monetization
The project will have 3 major bridges, 12 minor bridges, 1 Railway-over-bridge, 3 bypasses of a total length of 22 km
It will improve connectivity and faster movement of traffic from industrial hub of Ludhiana to Chandigarh and other parts of North India
Little attention is being paid to keeping roads, bridges and flyovers in good shape
The project is part of Rs 2,070-crore highways project in Punjab approved by the Cabinet in June under hybrid annuity mode
Other reasons include non-availability of aggregates, poor performance of contractors, delay in statutory clearances, public agitations
Authority has plans to raise at least Rs 50,000 crore in 2016-17 to meet its requirement of funds for highway projects
At present, there was no traffic jam, but warned about the poor drainage system
Less than a year into his tenure as the chairman of National Highways Authority of India (NHAI), RAGHAV CHANDRA is looking forward to a real-time recovery in the highway sector. The NHAI has not only managed to set the ball rolling for fresh fund infusion into languishing projects, it sees big companies returning to the sector soon. In an interview with Megha Manchanda & Jyoti Mukul, Chandra says the spill off effect on other sectors like cement, bitumen and steel have started showing. Edited excerpts:
Most of the expressways are designed as greenfield projects which will be access controlled