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Himachal CM Sukhu meets Nitin Gadkari, discusses ongoing NHAI projects

Chief Minister Sukhu said, 'I have urged Union Minister Nitin Gadkari for construction of flyovers to ease traffic congestion besides reducing distance and saving commuters time'

Gadkari unveils advanced drone air traffic management system 'Skye UTM'

Union Minister for Road Transport and Highways Nitin Gadkari on Wednesday unveiled Skye UTM, touted as the most cutting-edge unmanned traffic management system in the world

Budget 2023: Govt increases allocation to NHAI to Rs 1.62 trillion for FY24

With the government betting big on infrastructure, finance minister Nirmala Sitharaman on Wednesday increased allocation to state-owned National Highways Authority of India (NHAI) to Rs 1.62 lakh crore for 2023-24 from last year's revised allocation of Rs 1.42 lakh crore. The Union Budget 2023-24 has allocated an enhanced outlay of Rs 2.70 lakh crore for the highways sector. An allocation of Rs 1.99 lakh crore was made for the highways sector for 2022-23, which was revised to Rs 2.17 lakh crore. NHAI and National Highways and Infrastructure Development Corporation Ltd (NHIDCL) are primarily responsible for the construction of national highways and expressways in India.

FASTag collections hit Rs 50,000 cr in 2022, up 46% YoY: NHAI data

Data pegs monthly toll collections at Rs 4200 crore, signalling stronger adoption in national and state highways

Total toll collection via FASTag grows 46% to Rs 50,855 cr in 2022: NHAI

Total toll collection through FASTag on fee plazas, including state highway toll plazas, increased 46 per cent to Rs 50,855 crore in 2022, state-owned NHAI said on Tuesday. Total toll collection through FASTag on fee plazas, including state highway toll plazas, in 2021 was Rs 34,778 crore. The average daily toll collection through FASTag on NH fee plazas in December 2022 was Rs 134.44 crore, and the single day highest collection touched Rs 144.19 crore on December 24, 2022, the National Highways Authority of India (NHAI) said in a statement. Similarly, the statement said the number of FASTag transactions also witnessed a growth of about 48 per cent year-on-year in 2022. The number of FASTag transactions in 2021 and 2022 was 219 crore and 324 crore, respectively, it added. The statement said with 6.4 crore FASTags issued as of date, the total number of FASTag-enabled fee plazas across the country also grew to 1,181 (including 323 state highway fee plazas) in 2022 from 922 in the ..

Nitin Gadkari calls for efforts by all to reduce road accidents by 50%

During the event, megastar Amitabh Bachchan, Isha Foundation founder Sadhguru and many other stakeholders discussed the key issues related to road safety

NHAI focuses on training to enhance engineering measures on road safety

To propagate the cause of safer roads for all, 'Road Safety Week' is being observed from 11-17

No data available on faulty FASTags, penalties collected from users: NHAI

State-owned NHAI has no information about faulty FASTags and the penalties collected from motorists in case their FASTags are non-functional at highway toll plazas. In case a motorist does not have a FASTag or it is non-functional, then the person has to pay double the toll charges at toll plazas. According to the National Highways Authority of India (NHAI), more than 6 crore FASTags have been issued as on October 31, 2022. However, it has no information about the number of faulty FASTag cases and the total amount of penalty collected from users despite having their vehicles fitted with the Radio Frequency Identification (RFID) tag. In response to RTI queries about the number of faulty FASTag cases and the amount of penalties collected from the users for non-functional FASTags, NHAI said, "no such data is available". "Total no. of 60,277,364 FASTags have been issued till 31.10.2022," it said in response to an application filed by PTI under the Right to Information Act. A FASTag a

NHAI lays down procedures for extensive audits to enhance road safety

NHAI has laid down extensive policy procedures for carrying out Road Safety Audit and responsibilities has been earmarked for all stakeholders for facilitating the audit

Capital expenditure by CPSEs at 68% of FY23 target by December

Petroleum CPSEs and National Highways Authority of India (NHAI) have so far driven the capex among CPSEs

From RIL to L&T and Adani, corporate giants build on EPC rule change

A shift from the high-debt hybrid annuity scheme for infra projects to a low-debt, performance-linked model is encouraging government and private majors to pivot to this business in a bigger way

HC asks NHAI to respond to plea challenging collection of double toll tax

The Delhi High Court sought on Friday the response of the National Highways Authority of India (NHAI) and the Centre to a plea challenging the rule making it compulsory for vehicles without FASTag to pay double the the toll tax. A bench of Chief Justice Satish Chandra Sharma and Justice Subramonium Prasad issued notices to the NHAI and the Ministry of Road Transport and Highways (MoRT&H) on the petition which contended that the rule was discriminatory, arbitrary and against public interest as it empowers the NHAI to collect toll at double the rate, if paid in cash. The high court granted four weeks to the authorities to file their replies and listed the matter for further hearing on April 18. Petitioner Ravinder Tyagi, represented by advocate Praveen Agrawal, has sought the quashing of a provision of the National Highway Fees (Determination of Rates and Collection) Amendment Rules, 2020 read with MoRT&H letters and NHAI circular due to which commuters without a FASTag on their

235 critical road infrastructure projects shortlisted under GatiShakti

These would be for immediate execution and be overseen by MoRTH

Order rebound could lead to uptick for road infrastructure players

NHAI has front loaded awards because there was a large number of awards in April 2022

NGT forms panel to verify charges of NHAI violating environmental norms

The National Green Tribunal (NGT) has directed the formation of a committee to verify the factual position and ensure remedial action regarding allegations of the National Highways Authority of India (NHAI) violating environmental norms while constructing a highway from the Mukarba chowk to the Singhu border here. A bench of Chairperson A K Goel noted that according to the petition, the NHAI had failed to comply with environmental obligations while constructing the eight-lane highway. The bench, also comprising judicial member Justice Arun Kumar Tyagi and expert members Afroz Ahmad and A Senthil Vel, noted that the petition alleges that though the NHAI has claimed that it has planted 1,760 trees, the said plantation was around 20 km away from the location where trees were felled because of the project. According to the petition, there was non-compliance of the provisions of the Green Highway (Plantation, Transplantation, Beautification and Maintenance) Policy, 2015 and the secretary

Govt mulling to double retail component in NHAI InVIT bonds: Gadkari

Union Minister Nitin Gadkari on Friday said the retail component in NHAI's InVIT bonds will be doubled to 50 per cent. Speaking at a meeting held here virtually, the Union minister for road transport and highways said the debut issue of the National Highway Authority of India (NHAI) infrastructure investment trust (InVIT) got a good response, and every common citizen of the country can play a role in nation building by helping finance the infrastructure. "We have reserved 25 per cent of InVIT bond for retail investors. Now we are planning to increase this limit to 50 per cent," Gadkari said. Citizens can invest anything upward of Rs 10,000 and get a return of 8.5 per cent per annum on their investments, Gadkari said, thanking the investor community for the over subscription of seven times in the maiden bond issuance of Rs 1,500 crore which listed last month. Speaking to an audience comprising institutional investors, the minister made a plea for more money saying the government's .

NHAI now accepts electronic bank guarantees, aims to adopt digital tech

The National Highways Authority of India (NHAI) has started accepting electronic bank guarantees and digitalised all its existing bank guarantees, an official statement said on Wednesday. The move is aimed at improving the efficiency and transparency of internal processes and taking forward the adoption of digital technology. NHAI is using the electronic bank guarantee services of the National e-Governance Services Ltd, which helps in the reduction of physical paper movement, doing away with physical storage needs and easy access to the bank guarantee life cycle, including renewal. Few electronic bank guarantees (E-BGs) have already been issued by banks in favour of NHAI. "E-BGs promote transparency, bring in several efficiencies and provide ease of doing business to our stakeholders," Alka Upadhyaya, Secretary, Ministry of Road Transport and Highways & Chairperson, NHAI, said.

Nitin Gadkari wants retail investors to pip institutions in NHAI InvIT

Next InvIT issuance will have higher reservation for retail investors, says MoRTH Secretary Upadhyaya

NHAI InvIT to be listed on stock exchange on Friday: Check details here

NHAI's Infrastructure Investment Trust (InvIT) which has been oversubscribed by about five times will be listed on the Bombay Stock Exchange on Friday. Infrastructure Investment Trusts are instruments on the pattern of mutual funds, designed to pool money from investors and invest in assets that will provide cash flows over a period of time. "The round#2 of InvIT has been oversubscribed almost 5 times in 10 per cent of the scheduled tenure," the Ministry of Road Transport & Highways said in a statement on Thursday. Tomorrow is the historic day as these InvIT NCDs will be listed on BSE and Road Transport and Highways Minister Nitin Gadkari will ring the bell marking a great beginning for public participation in infra funding, the statement said. "This round is special because 25 per cent of the non convertible debentures (NCDs) are reserved for retail investors," the statement said. With this option retired citizens, salaried individuals, small and medium business owners have a ..

Highway construction slows down, one-fourth target achieved till September

The Covid-19 pandemic and an unusually long rainy season have kept the authorities from reaching the annual highway construction target of 12,000 km