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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

Total value of asset monetisation in national highways hits Rs 1 trn mark

NHAI raises Rs 15,624 crore through InvIT

FY24 asset monetisation falls short of target at Rs 1.50 trn: Official

The central government and Central Public Sector Enterprises are estimated to monetise assets worth Rs 1.50 lakh crore in the current fiscal, a tad lower than the targeted of Rs 1.75 lakh crore, a senior official said. Under the National Monetisation Pipeline, the aggregate monetisation potential of the central government's brownfield infrastructure assets has been estimated at Rs 6 lakh crore over a four-year period, from FY 2022 to FY 2025. In an interview to PTI TV, the Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey said about Rs 1.75 lakh crore was the target for asset monetization this year and "we are going to achieve something like Rs 1.50 lakh crore through monetisation". Pandey said monetisation is going on through infrastructure investment trust (InvITs), Toll Operate Transfer (TOT) in mining, road and power sector and is beginning to happen in the petroleum sector. "The asset monetisation proceeds do not visibly appear in the ..

Jammu-Srinagar national highway remains closes, 400 vehicles stranded

The arterial Jammu-Srinagar national highway remained closed for the second day on Friday due to landslip at various places, officials said. Authorities were trying to clear the landslip debris and restore the traffic on the road connecting Kashmir to rest of the country. More than 400 vehicles are stranded at various places along the highway, the officials said. The 270-km road was closed for traffic on Thursday following landslip at several places, including Sherbibi, Magerkote, Mehad Cafeteria and Dalwas, along the highway, the officials said.

IRB Infra Trust wins Rs 1,720 cr arbitration award for highway project

Yedeshi Aurangabad Tollway Ltd (YATL), a special purpose vehicle of IRB Infrastructure Trust, has won an arbitration award of Rs 1,720 crore for a highway project, a statement said on Sunday. The YATL had initiated arbitration proceedings against the National Highways Authority of India (NHAI) after the authority disputed the company's claim for the extension of the concession period by 870 days and compensation of Rs 1,751 crore, the statement said. IRB Infrastructure Developers Ltd is the sponsor of IRB Infrastructure Trust. IRB was the EPC contractor for YATL and continues to be the project manager for YATL. The arbitration was based on the compensation payable to the IRB towards time and cost overrun suffered during the construction period on account of delays attributable to the NHAI and certain Force Majeure events, it added. After thoroughly hearing both sides, the statement said the Arbitration Tribunal has directed NHAI to pay compensation of Rs 1,720 crore including Inter

SJVN signs agreement to provide technical consultancy services to NHAI

State-owned power producer SJVN on Monday said it has signed an agreement with NHAI to provide technical consultancy services for highway projects. The agreement was signed in the presence of NHAI Chairman Santosh Kumar Yadav and SJVN Director (Projects) Sushil Sharma in the national capital, SJVN said in a statement. "SJVN CMD Nand Lal Sharma has informed that SJVN has inked a Memorandum of Understanding (MoU) with the National Highways Authority of India (NHAI). The primary focus of this MoU is to utilise the expertise of SJVN in Technical Consultancy Services," it said. SJVN will review slope protection works at various locations, particularly on the hillside from the Parwanoo-Solan-Shimla section of NH-05, Kullu Manali Highway, and various NHAI projects located in Himachal Pradesh, the company said. Furthermore, SJVN will provide design review services, peer review services, and technical vetting of designs of NHAI and will also monitor the construction works and recommend ...

53 road projects worth Rs 2 trn identified to be bid out with major reforms

NHAI proposes major reforms in BOT projects

FASTags with incomplete KYC to be deactivated after Jan: How to update info

FASTag, operated by the NHAI, is an electronic toll collection system in India that uses Radio Frequency Identification technology for making toll payments

KKR-backed Invit snaps up 12 road projects for Rs 9,005.70 crore

The road portfolio comprises 11 hybrid annuity concessions from the National Highways Authority of India (NHAI) and one toll road concession from the Uttar Pradesh State Highways Authority (UPSHA)

Highway Infrastructure Trust to acquire 12 road projects for Rs 9,005 cr

Highway Infrastructure Trust has signed definitive agreements with PNC Infratech Ltd and PNC Infra Holdings Ltd for acquisition of 12 road projects at an enterprise value of Rs 9,005.7 crore. The target portfolio comprise 11 Hybrid Annuity (HAM) concessions from NHAI and 1 toll road concession from Uttar Pradesh State Highways Authority (UPSHA) and represents about 3,800 lane kms in the states of Rajasthan, Uttar Pradesh, Madhya Pradesh and Karnataka, Highway Infrastructure Trust (HIT) said in a statement. Out of the 12 projects, 10 projects are currently operational and balance 2 projects are under-construction, which will be acquired post commencement of operations, the trust said. "We look forward to integrating these assets into our portfolio and to continue our journey of high-quality asset management backed by world class ESG standards," said Neeraj Sanghi, Chief Executive Officer, Highway Concessions One (Investment Manager to HIT). Gaurav Chandna, Head Strategic Finance, .

FASTags with incomplete KYC to be deactivated post Jan 31, says NHAI

State-owned NHAI on Monday said FASTags with valid balance but with incomplete KYC will get deactivated by banks post January 31, 2024. To enhance efficiency of electronic toll collection system and provide seamless movement at toll plazas, NHAI has taken 'One Vehicle, One FASTag' initiative that aims to discourage use of single FASTag for multiple vehicles or linking multiple FASTags to a particular vehicle, a company statement said. NHAI is also encouraging FASTag users to complete 'Know Your Customer' (KYC) process of their latest FASTag by updating KYC as per RBI guidelines,it added. To avoid inconvenience, the statement said users must ensure that KYC of their latest FASTag is completed. It added that FASTag users must also comply with 'One Vehicle, One FASTag' and discard all the earlier issued FASTags through their respective banks. "Only the latest FASTag account shall remain active as previous tags will be deactivated/blacklisted after 31st January 2024," the statement ..

Gadkari raises concerns over 'poor quality DPRs' for highway construction

Union Minister Nitin Gadkari on Tuesday expressed concerns over poor quality of Detailed Project Reports (DPRs) prepared by consultants for the construction of highways, saying that no good work has been done in this regard in the last 10 years. Addressing an event here, Gadkari said some officers of state-owned NHAI are responsible for bankruptcy of various infrastructure companies. "In the last 10 years, no good work had been done in preparation of DPRs... I am worried about the poor quality of DPRs prepared by consultants," the road transport and highways minister said. He added that it is regrettable that full payments are not made to DPR consultants by the government. Gadkari said the entire effort in the ministry is to float the tender for construction of highways, without focus on the quality. There is not a single highways project that does not have black spots, he added. Gadkari exhorted NHAI to hire competent people for DPR preparation for the construction of highways.