Page 5 - Nhai

NHAI identifies 33 highway stretches of 2,741 km for monetisation in FY25

State-owned National Highways Authority of India (NHAI) has identified 33 highway stretches cumulatively spanning 2,741 kilometres to monetise during the current financial year through toll operate transfer (TOT) and infrastructure investment trust (InvIT) modes. The identified stretches include Lucknow-Aligarh, Kanpur-Ayodhya-Gorakhpur, and Bareilly-Sitapur in Uttar Pradesh, Gurugram-Kotputli-Jaipur bypass and Jaipur-Kishangarh in Rajasthan, Panikoili-Rimuli in Odisha, Chennai bypass in Tamil Nadu, and Muzaffarpur-Darbhanga-Purnia highway in Bihar. "The asset would be monetized through ToT/InvIT modes. "NHAI will have discretion to review and change the above list and modes of monetization," the agency said. NHAI has raised Rs 40,314 crore through various modes of asset monetisation in 2023-24 against the target of Rs 28,868 crore. NHAI's asset monetisation has crossed Rs 1 lakh crore till date. The Ministry of Road, Transport and Highways (MoRTH) had raised Rs 32,855 crore in .

NHAI executed capex for FY24 increases by 20% to Rs 2.07 trillion

The highway authority has constructed 6,644 km stretch, exceeding its FY24 construction target, according to an official

One Vehicle, One FASTag enforced: Here's what all users must know

NHAI's decision to implement the 'One Vehicle, One FASTag' policy stems from concerns over the misuse of FASTags

IRB Infrastructure Trust SPVs pays Rs 6,111 cr to Nhai for TOT projects

IRB Infrastructure Trust, an associate of IRB Infrastructure Ltd, on Monday said its special purpose vehicles have made an upfront payment of Rs 6,111 crore to National Highways Authority of India (NHAI) for toll operate transfer projects. The SPVs made an upfront payment of the concession fee of Rs 6,111 crore to the NHAI (TOT12 - Rs 4,428 crore, TOT 13 - Rs 1,683 crore) and subsequently received the appointed dates from NHAI for both projects, IRB Infrastructure said in a statement. "The SPVs of IRB Infrastructure Trust (Associate of IRB Infra) ... ,Viz. IRB Lalitpur Lakhnadon Tollway Pvt. Ltd representing TOT 12 project, IRB Kota Tollway Pvt Ltd. and IRB Gwalior Tollway Pvt. Ltd. representing TOT 13 bundle, have started tolling w.e.f. the 00.00 Hrs. on 1st April 2024," it added. IRB Infra Chairman & Managing Director Virendra D Mhaiskar said following an exhilarating FY24, it is immensely thrilling to continue that momentum into FY25. Successful funding of two TOT projects ...

Nhai's 'One Vehicle, One FASTag' norm comes into force from April 1

State-owned National Highways Authority of India's 'One Vehicle, One FASTag' norm, which aims to discourage the use of single FASTag for multiple vehicles or linking multiple FASTags to a particular vehicle, has come into force from Monday, a senior official said. NHAI had extended the 'One Vehicle, One FASTag' initiative compliance deadline to March-end, in view of the problems being faced by Paytm FASTag users. "Multiple FASTags won't work... People who have multiple FASTags for one vehicle won't be able to use all of them from today (April 1)," the official told PTI. To enhance the efficiency of the electronic toll collection system and provide seamless movement at toll plazas, the NHAI has taken the 'One Vehicle, One FASTag' initiative that aims to discourage the use of single FASTag for multiple vehicles or linking multiple FASTags to a particular vehicle. Last month, the Reserve Bank of India (RBI) had advised customers as well as merchants of Paytm Payments Bank Ltd (PPBL) t

Delhi-Gurgaon Expressway: Toll tax charges to be revised from April 1

Delhi-Gurgaon Expressway: The NHAI has increased the toll prices from 4 to 5 per cent, which will be applicable from April 1. Here's all you need to know

NHAI completes InvIT monetisation of Rs 16,000 crore through 'Round 3'

Fundraise includes 7,200 crore equity commitments from existing investors

National highways construction up, but govt may miss award target

Construction of highways in February stood at 1430 km in February, which is higher than the 1260 km it had achieved in February 2023, but shy of what the Centre had expected

NHAI asks Paytm FASTag users to switch to another issuing bank by March 15

NHAI has advised Paytm FASTag users to obtain a new FASTag from another bank before March 15 to ensure a smooth travel experience and avoid inconvenience at toll plazas, an official statement said on Wednesday. This will help avoid penalties or double fee charges while commuting on National Highways, as per the statement. Following the Reserve Bank of India's guidelines on restrictions concerning Paytm Payments Bank, the statement said Paytm FASTag users will no longer have the option to recharge or top-up their balance after March 15, 2024. However, they can continue to use the existing balance to pay tolls beyond the stipulated date, it added. NHAI also advised Paytm FASTag users to reach out to their respective banks or refer to the FAQs provided on the IHMCL (Indian Highway Management Company Limited) website.

NHIT plans to raise Rs 4,500 crore debt to buy two more road projects

The acquisition of road assets is set to be concluded in the fourth quarter

Nhai signs agreement with HLL Life Care for incident management system

State-owned NHAI has signed an agreement with HLL Life Care Ltd to strengthen incident management systems and assist accident victims on National Highways, an official statement said on Friday. The MoU will help NHAI to strengthen its existing incident management system, which includes ambulances, route patrol vans & cranes, real-time tracking, and supportive supervision, the statement said. This will improve response time and facilitate referral of accident victims to the nearest health facilities, establishing a seamless process for incident management, it added. The pact will include Operation & Management of Trauma Centres/Emergency Stabilization Centers to maximize assistance during the golden hour and improve health outcomes. In addition, HLL Lifecare Limited will provide services for comprehensive geo-tagging, mapping and engagement of health facilities and trauma centres across National Highways to enhance the emergency medical response by linking health facilities ...

Nagpur Outer Ring Road corruption: CBI arrests NHAI GM, DGM in bribery case

The CBI arrested two senior NHAI officials, General Manager Arvind Kale and Deputy General Manager Brijesh Kumar Sahu, and four others on Sunday in a bribery case involving an amount of Rs 20 lakh related to the Outer Ring Road Project in Maharashtra's Nagpur, officials said. Kale, a National Highways Authority of India (NHAI) project director in Nagpur, and Sahu, a project director in Madhya Pradesh's Harda, were arrested by the CBI along with the directors of Bhopal-based Bansal Construction Works Private Limited -- Anil Bansal and Kunal Bansal -- and employees of the firm Chhater Singh Lodhi and C Krishna, the officials said. "The Central Bureau of Investigation (CBI) carried out searches at five locations in Bhopal and Nagpur on Sunday, including residential and official premises, and recovered Rs 1.1 crore in cash, including the bribe amount of Rs 20 lakh," a spokesperson of the federal agency said in a statement. In its FIR in the matter filed recently, the CBI booked 11 peopl

CBI arrests NHAI general manager in alleged bribery case of Rs 20 lakh

The CBI has arrested a general manager of the National Highways Authority of India (NHAI) in an alleged bribery case of Rs 20 lakh in Maharashtra's Nagpur, officials said on Sunday. Arvind Kale, who is also a project director, allegedly received the bribe from a private company, they said. The Central Bureau of Investigation (CBI) recovered Rs 45 lakh cash, including the bribe of Rs 20 lakh, during a search operation following Kale's arrest, the officials said. A case has been registered against Kale and 11 others, including the private company, they said.

NHAI to extend 'One Vehicle, One FASTag' initiative deadline till March-end

State-owned National Highways Authority of India (NHAI) is likely to extend 'One Vehicle, One FASTag' initiative compliance deadline to March-end, in view of the problems being faced by Paytm FASTag users, a senior official said. NHAI had earlier proposed to implement 'One Vehicle, One FASTag' initiative from March 1. "In view of the Patym crisis, the FASTAg users may be given more time to shift to one vehicle-one FASTag norm," the official told PTI on condition of anonymity. To enhance the efficiency of the electronic toll collection system and provide seamless movement at toll plazas, the NHAI has taken the 'One Vehicle, One FASTag' initiative that aims to discourage the use of single FASTag for multiple vehicles or linking multiple FASTags to a particular vehicle. Earlier this month, the Reserve Bank of India (RBI) had advised customers as well as merchants of Paytm Payments Bank Ltd (PPBL) to shift their accounts to other banks by March 15. The RBI also said withdrawal or ...

Can courts modify/junk arbitral awards? Here's what experts have to say

Experts say the SC verdict regarding the modification of the arbitral award could be a double-edged sword

Road EPC firms' order book shrinks as highway tendering hits slow lane

The lack of orders is neither causing worry over credit-worthiness nor dampening enthusiasm

Paytm Payments Bank crisis: How to deactivate Paytm FASTag and buy new one

In the recently released FAQs, the RBI suggested users procure a new FASTag issued by a bank other than Paytm Payments Bank before March 15

NHAI removes Paytm Payments Bank from FASTag authorised service list

The National Highway Authority of India's list contain a total of 30 payment banks, scheduled commercial and small finance banks, that are authorised for FASTag services

GPS-based toll collection system in India: Things to know about this tech

Nitin Gadkari said that it has been decided to initially implement the GNSS-based Electronic Toll Collection (ETC) System at selected sections of National Highways

RBI to meet NHAI, NPCI to discuss rescue plan for Paytm PB users: Report

NPCI oversees the United Payments Interface payments, and NHAI operates the FASTag service