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NHAI, National Remote Sensing Centre to develop green cover index

The National Highways Authority of India (NHAI) has signed an agreement with the National Remote Sensing Centre (NRSC) to develop a "Green Cover Index" for the extensive network of National Highways in India, an official statement said on Wednesday. According to the statement, since the initiation of the Green Highways Policy in 2015, the prioritization of greening Highway Corridors has been a focal point for the Ministry of Road Transport and Highways (MoRTH) and NHAI and presently, the monitoring of plantations relies on site visits by field personnel. "Using the capabilities of emerging technologies to enhance in-situ data collection and supplement plantation management and monitoring, including performance audits conducted by NHAI, the NRSC will undertake a comprehensive pan-India estimation of green cover, referred to as the "Green Cover Index" for National Highways using high-resolution satellite imagery," the statement said. It will also facilitate targeted interventions in .

Road projects likely to hit slow lane ahead of 2024 Lok Sabha elections

Bharatmala's cost has nearly doubled from Rs 5.35 trillion to Rs 10.6 trillion and the Finance Ministry has asked MoRTH to go slow until Cabinet approval is received

Speed limit on Yamuna E-way to be reduced to 75 kmph next week; here's why

While light motor vehicles like two-wheelers and cars will be allowed 75 kmph, the speed limit for heavy vehicles like trucks and buses will be 60 kmph

3rd party to carry out inspection of 12 under-construction Himachal tunnels

Inspection and safety audit of 12 under-construction tunnels in Himachal Pradesh will be carried out by a third party and vertical drilling machines will be stationed near tunnels to be used in case an Uttarakhand-like situation arises, according to an NHAI official. National Highway Authority of India (NHAI) Regional Officer Abdul Basit on Friday said the safety audit will analyse all factors from rock stability to material used in the constructions and remedial steps would be taken as per suggestions in view of the Uttarkashi Silkyara tunnel incident in which 41 workers have been trapped for the past 13 days. A total of 68 tunnels measuring 85 km, which would reduce the road distance by about 130 km, would come up in the state, he told PTI on Friday. Of these, 12 have been constructed, 12 are under construction, work on 14 would start in six months while detailed project reports are being prepared for 30, he said. "We have given suggestion to put vertical pipes at tunnel ...

IRB Infra arm inks pact with NHAI for tolling project in Madhya Pradesh

IRB Infrastructure Developers on Friday said that its associate IRB Lalitpur Tollway has signed a concession agreement with the NHAI for tolling and operations and maintenance of the Lalitpur-Lakhnadon stretch of NH44 in Madhya Pradesh. The project involves paying upfront Rs 4,428 crore to NHAI for tolling and O&M of 316 km stretch of NH44 for a revenue-linked concession period of 20 years, IRB Infrastructure Developers said in a statement. The project is being executed by IRB Infrastructure Trust (Private InvIT), it added. The company has taken a step ahead in achieving financial closure for the project, the statement said. IRB Infrastructure Developers Chairman and MD Virendra D Mhaiskar said this is the company's second concession agreement for a toll-operate-transfer (TOT) project within a span of 6 months. "We look forward to bringing World Class travel and project management experience for commuters and other stakeholders of the project," he added.

NHAI to undertake safety audits of under-construction tunnels across India

The National Highways Authority of India (NHAI) will undertake a safety audit of all 29 under-construction tunnels across the country to ensure safety and adherence to highest quality standards, an official statement said on Wednesday. The statement by the Ministry of Road Transport and Highways (MoRTH) comes in the backdrop of collapse of under-construction Silkyara Tunnel in Uttarkashi on November 12. "NHAI officials, along with a team of experts from Delhi Metro Rail Corporation (DMRC) as well as other tunnel experts, will inspect the ongoing tunnel projects and will submit a report within seven days," the statement said. With a total length of about 79 km, the 29 under-construction tunnels are spread across the country with 12 tunnels in Himachal Pradesh, six in Jammu and Kashmir, two each in Maharashtra, Odisha, Rajasthan, and one each in Madhya Pradesh, Karnataka, Chhattisgarh, Uttarakhand, and Delhi. NHAI also signed a memorandum of understanding with Konkan Railway Corporat

Now, 10-15 years of experience a must for NHAI's contractor staff

This decision comes after the ministry faced criticism over the quality of highways, especially in sensitive areas like the hills

Insurance surety bond issued for NHAI monetization bid of TOT Bundle 14

State-owned National Highways Authority of India (NHAI) on Friday said it has accepted first insurance surety bond for the monetization program of the upcoming bid of Toll Operate Transfer (TOT) Bundle 14 to boost liquidity and capacity of bidders. In a statement NHAI said, this will be the first time this innovative instrument is being utilized as a Bank Guarantee (BG) in the road infrastructure sector for monetization of bids. Insurance surety bonds are instruments where insurance companies act as 'surety' and provide the financial guarantee that the contractor will fulfil its obligation as per the agreed terms. The Ministry of Finance has made e-BG and Insurance Surety Bonds at par with Bank Guarantees for all government procurement. According to the statement, NHAI has been working closely with Highway Operators Association of India (HOAI), SBI General Insurance and AON India Insurance to implement this initiative. "Insurance surety bond has been issued for NHAI monetization b

NHAI monetises highways worth Rs 6,584 cr via toll, operate, transfer mode

The two bundles (11 & 12) are Allahabad Bypass on NH19 in Uttar Pradesh and Lalitpur-Sagar-Lakhnadon section that passes through Uttar Pradesh and Madhya Pradesh

IRB Infrastructure Trust gets LoA for Rs 4,428 crore project from NHAI

IRB Infrastructure Trust, the private InvIT of IRB, has received the letter of award from NHAI for Rs 4,428 crore road project. This award takes the company's asset base to Rs 75,000 crore, IRB Infrastructure said in a statement on Sunday. "IRB Infrastructure Trust (Private InvIT) receives the Letter of Award (LoA) from NHAI (National Highways Authority of India) for Rs 4,428 crore Lalitpur-Lakhnadon NH 44, TOT-12 project for the revenue linked concession of 20 years," the statement said. The project entails tolling and operation and maintenance (O&M) activities on the largest single continuous stretch of 316 km (1,264 lane km) on the North-South corridor of NH44. The Trust recently emerged as a preferred bidder for the Toll-Operate-Transfer (TOT) model for the revenue-linked concession of 20 years, which marked the IRB Group's entry into Madhya Pradesh. IRB Infrastructure Developers Chairman and Managing Director Virendra D Mhaiskar said, "We are proud to take our footprint to ..

NHAI facing difficulties in DPRs as firms not ready to accept tech: Min

The National Highways Authority of India (NHAI) is facing difficulties in the preparation of detailed project reports, as companies concerned are not ready to accept new technology, union minister Nitin Gadkari said on Tuesday. The road transport and highways minister said that the government is encouraging the use of new technologies. Addressing the 'CRISIL India Infrastructure Conclave 2023', he said big players in the steel and cement industry are indulging in cartelisation to jack-up prices. "... the steel industry and cement industry... whenever they get the chance, they make the cartel and increase the rate," he said. According to Gadkari, rating of companies who make DPRs is a big challenge. "The preparation of DPRs is a big problem for NHAI... there is no perfect DPR anywhere in any project," Gadkari, who is known for his frank views, said. "While making DPR, they (companies engaged in DPR making) are not ready to accept new technology, new innovation, new research and ev

NHAI unit to raise around Rs 30 bn via 10-yr bonds soon, say bankers

DME is a special-purpose vehicle created by the NHAI in August 2020 for the construction of the greenfield Delhi-Mumbai Expressway

NHAI issues SOPs to protect commuters, toll operators; reduce altercations

National Highways Authority of India (NHAI) on Monday said it has issued Standard Operating Procedures (SOPs) to safeguard commuters and toll operators, reduce incidents of altercations and strengthen security at toll plazas. According to an official statement, the detailed SOPs include guidelines for NHAI field offices to ensure strict implementation and adherence by toll-collecting agencies to manage staff and road users. According to the SOPs, NHAI field offices will ensure that the toll collecting agency performs their duties following guidelines. The toll collecting agency will ensure that staff at toll plazas wear the prescribed NHAI uniform with a name badge, the statement said, adding that any anticipated incident of violence should only be handled by toll plaza manager/lane supervisors, who will wear body cameras to record such instances. In case of unruly behaviour by a commuter, the lane supervisor shall intervene and try to resolve the issue amicably, the statement ...

NHAI can monetise Rs 2 trn from HAM assets during FY24-27: Report

The National Highway Authority has the potential to monetise around Rs 2 lakh crore from its HAM assets between fiscals 2024 and 2027, according to a report. The authority's roads hold significant potential for asset monetisation in the medium term, and this is expected to be realised through an expanded portfolio of HAM (hybrid annuity model) assets and EPC (engineering, procurement and construction) projects, which have a monetisation capacity -- ranging from Rs 1.75 lakh crore to Rs 2 lakh crore during FY24-27, according to an analysis by Care Edge. The analysis is based on 306 HAM projects awarded to 62 distinct sponsors awarded between fiscal 2016 and 2023. These projects encompass a total length of 12,700 km with a combined bid project cost (BPC) of Rs 3.35 lakh crore and debt aggregating Rs 90,000 crore. HAM projects awarded before 2020, worth a BPC of Rs 1 lakh crore, are operational and have monetisation opportunities of Rs 9,000-11,000 crore now, benefiting both the NHAI a

Improving signals for road sector companies with 25% budget boost for FY24

Given high competition, firms with ability to monetise projects, focus on high margin assets and healthy balance sheets are preferred plays

NHAI arm to develop logistics park in Bengaluru at Rs 1,770 crore

National Highways Logistics Management Ltd (NHLML), an NHAI subsidiary, has signed an agreement for the development of Multi Modal Logistics Park (MMLP) in Bengaluru at an estimated cost of Rs 1,770 crore. The project -- to be developed under the public private partnership model -- is poised to become the first and largest MMLP to be implemented in the country under the PM Gati Shakti National Master Plan, according to an official statement on Monday. The agreement has been signed between Bengaluru MMLP Pvt Ltd -- a government Special Purpose Vehicle (SPV) -- and concessionaire SPV M/s PATH Bengaluru Logistics Park Pvt Ltd. A government SPV was incorporated between NHLML, Rail Vikas Nigam Ltd and Karnataka Industrial Area Development Board, the statement said. The MMLP, to be developed in three phases, will be built on an area of 400 acres at Muddalinganahalli in Bengaluru rural district, as per the statement. The first phase is expected to be completed in two years, it said, addi

Prepare for immediate execution of Rs 3 trn projects: Gadkari to officials

Road, transport and highway minister Nitin Gadkari on Monday directed the officials of his ministry, including those of NHAI and NHIDCL, to prepare a road map for up to Rs 3 lakh-crore projects for immediate execution. The minister also warned the officials of action in case of any delay in execution of projects and fixing issues related to them. The direction came after the Union minister of road, transport and highways (MoRTH) reviewed the performance of the regional officers of the ministry as well as projects carried out by National Highways Authority of India (NHAI) and National Highways & Infrastructure Development Corporation Ltd (NHIDCL) in the national capital. Keeping a close coordination and cooperation with each other, prepare proposals of land acquisition and come up with projects worth Rs 2 to 3 lakh crore in build operate and transfer (BOT) mode and Hybrid Annuity Mode (HAM) immediately, Gadkari told the officers. Give approvals to projects and try to start them ...

NHAI seeks industry views amid slow surety bond insurance products growth

Insurers also lack the diverse recovery avenues that banks have, contributing to their hesitation in adopting these insurance products

NHAI, GAIL join forces to simplify infrastructure expansion process

MoU signed to expedite crossing permissions, resolve disputes

Highway ministry likely to respond to CAG concerns on Expressway costs

Awarded civil cost of Dwarka e-way 12% less than estimates, says top official