Page 4 - Nhai

NHAI's NHIT hits Rs 18,380 crore mark in record InvIT monetisation

The trust's existing investors - Canada Pension Plan Investment Board and Ontario Teachers' Pension Plan Board - also participated in the book building to their maximum limit

NHAI debars 14 toll agencies over irregularities in fee collection

Cracking down on irregularities in toll collection, state-owned NHAI has barred 14 toll collection agencies for irregular activities, following a probe after Uttar Pradesh STF unearthed a fraud, according to an official statement. NHAI has served show-cause notices to defaulting agencies. Based on the FIR, 13 user fee-collecting agencies have also been debarred for a period of two years. Besides, 12.55 lakh refunds were made in 2024 for faulty toll collections on National Highways, Parliament was informed on Thursday. According to the statement, the 14 agencies debarred by NHAI include AK Construction, Alok Buildtech Pvt Ltd, Anil Kumar Shukla, Ashish Agarwal, Innovision Ltd, MB Construction, Maa Narmada Traders, RK Jain Infra Projects, SPC Infrastructure Pvt Ltd, T Suryanarayana Reddy, Vanshika Construction, Westwell Iron & Steel Pvt Ltd, Bhola Nath Rajpati Shukla and Shiva Buildtech Pvt Ltd. More than Rs 2 crore have been levied so far on the user fee collecting agencies for ...

New national highway project awards rebound after year-long slump

Focus on HAM and BOT with Rs 8000 crore projects awarded in January

NHAI fines toll collectors for 'false' deductions - Check how to reclaim it

The 'false' FASTag toll deduction happens when money is wrongly deducted from a vehicle owner's FASTag account due to system errors, operator mistakes, or tech glitches in toll plaza infrastructure

New FASTag transaction norms not to impact highway users' experience: NHAI

The National Highways Authority of India (NHAI) has clarified that users' experience on highway toll plazas will not be impacted with the implementation of new norms on FASTag transactions. The clarification came after the National Payments Corporation of India (NPCI), an umbrella organisation for operating retail payments and settlement systems, introduced a new regulation with regard to delayed transactions due to inactive FASTags at toll plazas. The rules have come into effect on February 17. The NPCI circular aims to ensure that the FASTag transactions are settled within the reasonable time of vehicle passing a toll plaza so that customers are not harassed by late transactions, NHAI said in a statement. "The circular has been issued by NPCI to facilitate resolution of disputes between acquirer bank and issuer bank on FASTag status while vehicle crosses toll plazas," it said. The NHAI further said that all National Highway toll plazas operate on ICD 2.5 protocol which gives ...

NHAI to spend over Rs 15,000 crore on Uttar Pradesh highways upgrade

Several districts, including Kanpur, Bareilly, Barabanki, Bahraich, Agra, Aligarh, and Gorakhpur are poised to benefit from these projects

PNC gets NHAI nod to transfer two more road assets to KKR-backed HIT

Approval is part of the Rs 9,000-crore deal between PNC Infratech and HIT

SC calls for govt 'introspection' over excessive delays in filing pleas

The Supreme Court on Friday called for an introspection by government authorities, including the National Highways Authority of India, over excessive delays in filing of appeals. Chief Justice of India Sanjiv Khanna while hearing a plea by the NHAI said, "I think everyone is adhering to the time schedule in almost 95 per cent of the cases. Why should the government of India not be able to adhere to it? There is something wrong somewhere... Introspection is necessary." The NHAI challenged an order by the National Company Law Appellate Tribunal (NCLAT) in an insolvency case which was listed before the bench, also comprising Justice Sanjay Kumar. The NCLAT had dismissed the NHAI's appeal on account of the delay. Expressing disapproval over the 295-day delay, the CJI emphasised on the importance of adhering to procedural timelines and observed solicitor general Tushar Mehta, representing the NHAI, had agreed with the court and assured addressing the issue. "I undertake to speak to the

NHAI arm DMEDL raises Rs 775 crore through issuance of green bonds

DME Development Limited (DMEDL), an arm of NHAI, has raised Rs 775 crore through issuance of green bonds in roads and highways sector, an official statement said on Monday. The proceeds from the issue of 'green bonds' has been used for activities such as expenditure on avenue plantation, median plantation, construction of animal underpasses, natural stormwater drainage, streetlight on renewable energy (solar), waste recycling and reuse and rainwater harvesting, the statement said. "DMEDL today successfully raised Rs 775 crore from the first of its kind issue of 'green bonds' in roads and highways sector," the Ministry of Road, Transport and Highways said. NHAI Chairman Santosh Kumar Yadav said, "This first of its kind initiative for the roads and highway sector will set a benchmark and encourage participation from a diverse set of investors." N R V V M K Rajendra Kumar, Member (Finance), NHAI, and Chairman, DMEDL, said: "The robust demand for green bonds and successful issuance ...

NHAI to raise Rs 1,000 crore via green bonds for Delhi-Mumbai Expressway

DME Development aims to raise about Rs 48,000 crore from banks and financial markets through loans and bonds and has successfully raised around Rs 42,000 crore

Around 75 tunnel projects worth Rs 49,000 cr under construction: Gadkari

Around 75 tunnel NHAI projects entailing investment of Rs 49,000 crore are under construction in the country, Union Minister Nitin Gadkari said. Addressing the 'World Tunnel Day 2024 Conference on Safe & Sustainable Tunneling', the Minister for Road, Transport and Highways said that huge potential lies in the tunnel sector in India. "Our Prime Minister has a dream to make India the world's third-largest economy. For this target, we need to have an international standard of infrastructure in the country. Our government has given the highest priority for the development of good infrastructure in the country," Gadkari said. There is huge potential for tunnels. NHAI has completed 35 tunnel projects of 49 km in length costing Rs 20,000 crore, he said. Around 75 tunnel projects of 146 km in length are ongoing in the country at a cost of Rs 49,000 core, while 78 tunnels projects worth Rs 1.10 lakh crore are upcoming in the country which would cover a distance of 285 km, Gadkari ...

NHAI takes measures to counter reduced visibility due to foggy conditions

State-owned NHAI on Thursday said it has directed its field offices to take proactive mitigation measures to enhance visibility for the safety of National Highway users. NHAI in a statement said to enhance road safety during foggy conditions, mitigation efforts have been classified under two heads of 'engineering' and 'safety awareness' measures. The engineering measures include reinstalling missing/damaged road signs, rectifying faded or inadequate pavement markings, enhance visibility of safety devices by providing reflective markers, median markers, etc., providing transverse bar markings in habitations and accident-prone locations, providing solar blinkers on the median openings and replacement of damaged hazard markers signs at diverging and merging locations. The safety awareness measures underline incorporating steps to alert highway users of the reduced visibility conditions. These measures include use of variable message signs (VMS) or electronic signages to display foggy

Ashoka Buildcon receives LOA for Nhai project worth Rs 1,391 crore

The company was declared as the lowest bidder (L-1) during the bidding procedures for the project

PNC Infratech gets NHAI nod to transfer 100% stake in road assets to HIT

Earlier, during its annual general meeting on September 28, 2024, the company had approved the sale of 12 road assets

Himachal govt sent proposal to Centre to build 5 new NHs in state: Minister

The Himachal Pradesh government has sent a proposal to the Centre seeking approval for five new national highways in the state, Public Works and Urban Development Minister Vikramaditya Singh said on Friday. Addressing a press conference here after holding a review meeting of his department, Singh said the construction of these proposed national highways will accelerate development in the hill state. "Efforts will be made to expedite the process by meeting Union Highways and Road Transport Minister Nitin Gadkari," Singh said, as he expressed hope that the Centre will give its nod to the proposals soon. During the tenure of the previous BJP government in Himachal, 69 national highways were announced but none of those announcements saw the light of the day, Singh claimed. The Congress leader also said that a provision should be made to keep aside 25-30 per cent budget amount for all new projects so that development work can proceed uninterrupted. Claiming that foundation stones for m

Centre allocates 20 cr for Mandi-Kullu road development: Vikramaditya Singh

Himachal Pradesh minister Vikramaditya Singh on Thursday said leaders should rise above party politics and work for the development of the state and cited a AB Vajpayee anecdote to make his case. Singh, who celebrated his birthday with workers at the Congress office in Shimla, told reporters, "I have been informed that the state is getting about Rs 20 crore more from the Centre for roads." The Public Works Minister said the state government has tried to prioritise welfare of the state at the top and sought assistance from the Union government for it. Singh shared an anecdote from the time when his father and Congress leader Virbhadra Singh was the chief minister in Himachal in 2003 and BJP leader A B Vajpayee was the prime minister. "Vajpayee once said that he does not share the ideology of Virbhadra Singh ji but said 'he is my personal friend' and gave Rs 500 crore to Himachal," the PWD minister said. "What I mean to say is that we should rise above petty politics and work for th

Rising order inflows, execution to help road infrastructure companies

Execution is likely to improve sharply in H2FY25 after some pickup in Q2FY25. Only 95 kilometres (km) of projects were awarded in Q1FY25 versus a full-year target of 5,000 kilometres

NHAI to track 100 toll plazas with GIS-based software for seamless traffic

State-owned NHAI will track around 100 toll plazas with GIS-based software for seamless movement of traffic at national highways, an official statement said on Monday. According to the statement, these toll plazas have been identified based on congestion feedback received through 1,033 national highway helpline. The live monitoring and tracking system will provide congestion alerts and lane distribution recommendations when the queue of vehicles at a toll plaza is more than the prescribed limit, it added. The monitoring service will be extended to more toll plazas in a phased manner. Apart from providing the name and location of the toll plaza, the statement said the software will share details related to the live status of queue length in meters, total waiting time and vehicle speed at toll plaza. It will also provide congestion alert and lane distribution recommendation, if the queue of vehicles at a toll plaza is more than the prescribed limit, the statement added. In addition

Single bid for national highway projects will be acceptable: Morth

Ministry of Road Transport and Highways (MoRTH) on Wednesday said that even a single bid for national highways work will be considered if it is reasonable. As per the circular, the bidding process will not be cancelled if there is only one bidder for a highway project. "Even when only one bid is submitted, the process should be considered valid, provided the procurement was satisfactory advertised and sufficient time was given for submission of bids, the qualification criteria were not restrictive and prices are reasonable in comparison to market value, " it said. Regarding reasonableness of the prices, the circular said the evaluation committee may examine the rates taking into consideration the comparison with the similar contracts awarded elsewhere. The purchase price of similar contracts may be updated taking into consideration inflation during the interim period, geographical conditions etc, it added. The circular said the purchase price of similar contracts may also be ...

NHAI ordered to do stability check of new Kali river bridge post collapse

Authorities in neighbouring Karnataka on Wednesday ordered the National Highways Authority of India (NHAI) to check stability of the new Kali river bridge after an old bridge on the water body collapsed. The old bridge on the river collapsed at around 1.30 am on Wednesday, resulted in heavy traffic on national highway no. 66 connecting Goa to Karnataka, officials said. A truck crossing the bridge at the time fell into the river. Local fishermen later rescued its driver, a police official from Karwar in Uttar Kannada district of Karnataka told PTI. The old bridge which collapsed was used for Goa-bound traffic after the construction of a new one a decade back, the official said. Uttar Kannada District Magistrate Lakshmi Priya K said it has been brought to the notice that the old Kali river bridge connecting Karwar and Sadashivgad collapsed at 1.30 am on Wednesday. She ordered the NHAI officials concerned to verify and report stability of the new Kali river bridge connecting Karwar a