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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

NHAI sets up unit to review design, construction of bridges, structures

National Highway Authority of India (NHAI) on Wednesday announced that it has set up a design division to review the design and construction of bridges and other structures. "For effective review of design and construction of bridges, specialised structures and tunnels, the NHAI has set up a design division that will formulate policy and guidelines for planning, designing, construction and maintenance of bridges, structures, tunnels and RE walls on national highways across the country," a road, transport and highways ministry statement said. According to the statement, the division will review the project preparation, construction of new bridges, condition surveys and rehabilitation of existing old/ distressed bridges, instrumentation to check the health of critical bridges, structures, tunnels and RE walls. It will also review standalone bridges and specialized structures, which are at the stage of preparation of detailed project report where DPRs started post June 2023. In additi

Delhi HC asks NHAI to pay Rs 1,204 cr to subsidiary: Reliance Infra

The Delhi High Court has directed the National Highway Authority of India (NHAI) to pay an arbitral award of Rs 1,204 crore to TK Toll Road Pvt Ltd (TKTR), a wholly-owned subsidiary of Reliance Infrastructure Ltd, according to an exchange filing. In the regulatory filing, Reliance Infrastructure Ltd said the High Court in its August 9 order has directed NHAI to deposit the amount with it and allowed TKTR to withdraw the same against the bank guarantee. "We wish to inform you that in the matter of arbitration between TKTR and NHAI, in an execution petition, the Delhi High Court, vide order its dated August 9, 2023 directed NHAI to deposit the awarded amount along with interest total sum of Rs 1,204 crore with the Delhi High Court and allowed TKTR to withdraw the same against the bank guarantee," the filing said. The amount will be utilised for debt reduction, the company said.

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Shimla's ex-Dy Mayor files FIR against NHAI, road building company GR Infra

A case has been registered for unscientific construction and violating the norms to build the road which caused landslides, flood and killed so many people during the heavy rains in the state

4 mini Amazons to be built at all points of Gurugram cloverleaf on NH-48

National Highways Authority of India (NHAI) Chairman Santosh Kumar Yadav said that four small forests (mini Amazons) will be developed using Miyawaki technique to promote greenery at all four points of cloverleaf located on NH-48 here. With the commencement of the Dwarka expressway, the connectivity between Gurugram and Delhi's IGI Airport will be improved, as well as the project will have tunnels, underpasses, flyovers and flyovers over flyovers, he said while inspecting the Expressway here on Saturday. The construction of the Dwarka Expressway has reached the final stage to connect Mahipalpur in the national capital Delhi with Khedki Daula located on NH 48 in Gurugram. Dwarka Expressway is being built at a cost of about Rs 9,000 crore. An 18.9 km of stretch of this road is in Haryana and 10.1 km in Delhi region. During the inspection, NHAI Chairman Yadav also discussed in detail about the work related to mutual coordination regarding the project with GMDA CEO PC Meena, DC Nishan

NHAI works overnight to make alternate bypass to restore traffic on NH-44

Work to construct an alternate bypass for restoring traffic on National Highway-44 at Chabba Seri was on in full swing overnight, said an official on Tuesday.Work on restoring the portion of a road, which was washed in the heavy rains, was also underway simultaneously on Monday, the official informed further.Deputy Commissioner, Ramban, said, "Work at Seri, Ramban, by the National Highways Authority of India (NHAI) is underway to construct an emergency bypass to restore traffic on National Highway-44."Earlier, Mohammed Jahangir, a local on his way to the area, said roads were being washed away in the downpour in the region, claiming that the administration had not made any attempts to rescue stranded tourists."We are facing a lot of problems. We are compelled to cover a significant distance on foot. Recently, a road was washed away during our journey. We had to walk around 1-2 kms in Makarkot and are now having to cover a further 3-4 kms on foot. As we reached Ramban, another road was

HC directs NHAI to expedite construction of Rae Bareli-Prayagraj road

The Allahabad High Court has expressed serious concern over the National Highways Authority of India not being able to complete the construction of a four-lane road from Rae Bareli to Prayagraj despite deciding on it eight years ago. The high court's Lucknow bench directed the NHAI to decide at an appropriate level to expedite the construction work and fixed July 12 as the next date of hearing. A bench of Justice D K Upadhyaya and Justice O P Shukla passed the order on a pending PIL which was registered in 2013 when the HC had taken suo-motu cognizance of the matter. Upon coming to know from an NHAI affidavit that the decision to build the road was taken in 2015, the bench said, "Ordinarily, the decision to construct a four-lane road taken about eight years ago ought to have been implemented by now. However, the pace of executing of the said decision appears to be slower than expected." The court directed the NHAI to file an affidavit to apprise it as to how work was done after May

NHAI signs pact with power producer THDCIL for technical services

State-owned power producer THDCIL on Thursday said it will provide technical services to NHAI under an agreement. "THDC India Limited (THDCIL) has signed a Memorandum of Understanding (MoU) with the National Highways Authority of India (NHAI) to provide technical services as the technical consultant," the company said in a statement. THDCIL CMD R K Vishnoi said under the agreement, his company will be responsible for assessing landslide susceptibility areas and recommending mitigation measures for vulnerable slopes between Udhampur and Ramban on NH 44. "The stretch of road is of utmost national strategic importance, as it provides the vital link of the nation with Kashmir valley. This collaboration between THDCIL and NHAI aims to enhance road safety and ensure the stability of the region's infrastructure, particularly the National Highway, by addressing the risks associated with landslides," he added. This partnership will contribute to the overall improvement and maintenance of ..

NHAI plans tunnel at Laxmi Dungri in Odisha's Sambalpur, receives Rs 37 cr

The National Highway Authority of India (NHAI) received Rs 37 crore for construction of a tunnel at Laxmi Dungri, a reserve forest in Sambalpur district, official sources said. The tunnel's objective is to check disruption of traffic movement due to landslides on NH-53 connecting Mumbai and Kolkata. Project Director, NHAI, Sambalpur, K. Nageswar Rao said the geotechnical survey for the construction of the tunnel is underway. Stating that the plan and design will be prepared once the survey is completed, Rao said the tunnel will be constructed on one section of the four-lane highway. If everything goes according to plan, work will commence by September, he said, adding that the primary objective of the tunnel is safety of passengers travelling on NH-53. Laxmi Dungri has experienced several landslides, which have impacted traffic movement on NH-53 since September 2007.