Page 5 - Nhai

NHAI to start work on Rs 4,000-cr Chattergala tunnel in J-K: Nitin Gadkari

The NHAI will begin work on the Rs 4,000-crore Chattergala tunnel in Jammu and Kashmir at the earliest, Union Minister of Road Transport and Highways Nitin Gadkari said on Monday. Gadkari on Monday chaired a review meeting that was also attended by Union Minister of State in the Prime Minister's Office (PMO) Jitendra Singh. "The prestigious Chhatergala tunnel work, costing about Rs 4,000 crore, will be executed by the National Highways Authority of India (NHAI) and the underpasses on the Kathua express corridor section, wherever demanded by the public, will be undertaken at the earliest," an official spokesperson said after the review meeting. During the meeting, Singh thanked Gadkari for accepting most of the suggestions and proposals put across by him. Singh said the proposal for the tunnel was initiated about six years ago and the detailed project report prepared by the Border Roads Organisation but the work could not be started due to a lack of funds. Now, it has been decided

CBI arrests NHAI GM, 6 others for Rs 10 lakh bribery case in Madhya Pradesh

The CBI has arrested NHAI general manager Purushottam Lal Choudhary, posted in Madhya Pradesh's Chattarpur, in a Rs 10-lakh bribery case, officials said on Sunday. The six other other accused in the case, including an NHAI consultant Sharad Verma and his resident engineer Prem Kumar Sinha, and four employees of accused company PNC Infratech -- Satyanarayana Anguluri, Brijesh Mishra, Anil Jain and Shubham Jain --, were arrested on Saturday evening, they said. The accused were receiving bribes for the final handing over as well as the issuance of a no objection certificate and processing of the final bill of the Jhansi-Khajuraho Project awarded to the company by the National Highways Authority of India (NHAI). The CBI had booked 10 suspects in the case, including the seven arrested accused, in the FIR. It is alleged that Yogesh Jain and T R Rao, directors of PNC Infratech Limited, were paying bribes to NHAI officials for obtaining favours. The CBI received information that they were

NHAI seeks global bids for GNSS-based electronic toll collection system

State-owned NHAI has invited expressions of interest (EoIs) from around the world for implementation of GNSS-based (satellite-based) electronic toll collection to provide seamless and barrier-free tolling experience on National Highways users, an official statement said on Friday. The move is aimed at putting an end to physical toll booth on highways. "To provide seamless and barrier-free tolling experience to National Highway users and enhance efficiency and transparency of toll operations,Indian Highways Management Company Limited (IHMCL), a company promoted by NHAI has invited Global Expression of Interest (EOI) from innovative and qualified companies to develop and implement GNSS-based electronic toll collection system in India," the statement said. NHAI plans to implement the GNSS-based electronic toll collection (ETC) system within the existing FASTag ecosystem, initially using a hybrid model where both RFID-based ETC and GNSS-based ETC will operate simultaneously, the stateme

NHAI increases highway tolls across the country by an average of 5%

Motorists using expressways will have to shell out more from Monday as the National Highways Authority of India (NHAI) has decided to hike tolls across the country by an average of 5 per cent. The annual revision of highway user fee, which is expected to be in the range of average 5 per cent, was earlier to come into effect on April 1. But the hike was deferred due to the Lok Sabha elections. "The new user fee will come into effect from 3.6.2024," a senior NHAI official said on Sunday. The change in toll fee is part of an annual exercise to revise the rates that are linked to the changes in the wholesale price index (CPI)-based inflation. There are around 855 user fee plazas on the national highway network on which user fee is levied as per the National Highways Fee (Determination of Rates and Collection) Rules, 2008. Out of these, around 675 are public-funded fee plazas and 180 are operated by concessionaires.

NHAI's road assets monetisation can fetch up to Rs 60,000 cr FY25: ICRA

Rating agency ICRA on Thursday said state-owned NHAI's targeted asset monetisation of road assets could fetch the government up to Rs 60,000 crore in the current fiscal year. In April 2024, the National Highways Authority of India (NHAI) had released an indicative list of 33 road assets it plans to monetise in FY2025, through a mix of toll-operate-transfer (TOT) and sale to the NHAI's Infrastructure Investment Trust (InvIT). These assets are spread across 12 states, cumulatively spanning nearly 2,750 km and with an annual toll collection of Rs 4,931 crore. "ICRA estimates a monetisation potential of Rs 53,000 crore to Rs 60,000 crore from the sale of 33 road assets through TOT/ InvIT mode," it said. NHAI intends to club the 33 identified assets into large (more than Rs 6,000 crore), medium (about Rs 3,000 crore - Rs 4,000 crore) and smaller bundles (Rs 1,000-3,000 crore), for different types of investors. Under the government's National Monetisation Pipeline (NMP), road sector ...

Highway Ministry hits 20% of capital expenditure target in April 2024

Ministry has created 100-day plan for new government, highway min says

Road rage on deal street: Changing landscape of highway construction biz

$11.3 billion worth of highways have changed hands since 2019, and road construction has moved out of the isolated universe of thekedars to embrace fund managers in fine suits

From helipads to drone zones: Here's how NHAI plans to transform highways

NHAI has set an ambitious target of establishing 1,000 wayside amenities over the next five years, translating to one facility every 50 kilometres along national highways

New BOT terms may revive pvt capex in highways: India Ratings and Research

Most Concerns Attended to, but Toll Estimation and Traffic Diversion from Competing Roads Pose Risk

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 ...