Page 2 - Road Infrastructure

Govt to adopt qualitative tendering process instead of L1 system: Gadkari

The highways ministry will shift to quality-cum-cost based system for the selection of bids for various road construction-related projects in place of the age-old least-cost selection process, Union Minister Nitin Gadkari said. The move is aimed at improving the quality of various infrastructure-related works in the country, the minister said at an event organised by the International Road Federation (IRF). Gadkari further said road engineering solutions must be taken care of while preparing Detailed Project Reports (DPR). "The road ministry will soon be adopting a qualitative tendering process instead of the least cost bidding process to bring in quality and road safety in various projects. "Qualitative tendering will help incorporate road safety features in designs keeping in mind the behaviour of the road users," the Road Transport and Highways minister said. Gadkari said bad road engineering is the biggest culprit for increasing road accidents in the country. Elaborating furt

Centre allocates Rs 1,782 cr for strategic road project in Arunachal

The Centre has sanctioned Rs 1,782 crore for construction of a strategic road project in Arunachal Pradesh, Union Minister of Road Transport and Highways Nitin Gadkari said on Wednesday. The ministry sanctioned the project for the construction of the 82-kilometre-long greenfield road from Pango to Jorging in Upper Siang district of the northeastern state. The project would encompass package-1 and II, Gadkari said on X. "The proposed project aims to ensure seamless and secure traffic flow, establishing year-round connectivity to the villages in the region, thereby catalyzing socio-economic development in the hilly areas of the district", the minister said. The strategically crucial road will substantially reduce travel time for security forces, enhancing their efficiency in reaching border areas, Gadkari added. Arunachal Pradesh Chief Minister Pema Khandu has expressed his delight over the development. Khandu said that under the leadership of Prime Minister Narendra Modi, there is

REC Ltd, RVNL sign Rs 35,000 crore MoU to finance infrastructure projects

REC will be financing diverse projects including logistics hubs, rail, road, port, and metro over the next 5 years

Nitin Gadkari aims for road infrastructure to match US in next 5 years

India aims to elevate its road infrastructure to match that of the US within the next five years, said Minister of Road Transport and Highways, Nitin Gadkari. As part of a comprehensive strategy, the government seeks to alleviate metro congestion, significantly reduce travel time, and minimise road accidents, he said. In the preceding nine years, his ministry has allocated projects exceeding Rs 50 lakh crore and has streamlined the contract approval process by refining existing policies. "No contractor needs to come to me for sanctioning the contract. We are transparent, time- bound, result-oriented and quality conscious and fast in decision-making. We consider the ministry, contractors and bankers as one family. "We encourage good work, and that is why we have seven world records. This is the great achievement of the ministry," he said in an interview published in the Manorama Yearbook 2024. "I am confident that after five years, our road infrastructure will be equal to the US,"

Centre cuts logistics costs to below 9% of GDP with higher state spending

According to the World Bank's Logistics Performance Index, India ranked 38th out of 139 countries in 2023, helped by improving road and port networks and digitisation of the supply chains

Road accident fatalities hit all-time high last year in India: Govt data

The year marked an increase of 11.9 per cent in accidents, 9.4 per cent in fatalities, and 15.3 per cent in injuries compared to 2021

Road developers' debt to spike, revenue growth to remain high: Report

Sizeable equity commitments in under-construction projects and rising working capital needs will increase the debt burden of road developers but revenue growth is set to remain high, driven by strong contract awards and execution in the next fiscal, according to a report. Besides, a high budgetary allocation to the sector will also help road developers, it added. With the prevailing low leverage levels, developers have the headroom to borrow more to fund new projects, which will keep their credit risk profiles stable, said a Crisil report, which also notes that asset monetisation will be crucial to rein in debt. The report is based on the analysis of 18 engineering, procurement and construction (EPC) players, constituting 70 per cent of the sectoral revenue. According to Mohit Makhija, a senior director at the agency, total equity commitment towards the under-construction public-private partnership (PPP) projects is estimated at over Rs 21,000 crore by fiscal 2025. The working cap

Delhi govt approves infra projects worth Rs 11.28 cr for repair of roads

Sisodia also directed the officials to follow the global standards of street design and also ensure compliance with all safety and security standards during the maintenance work of roads

Delhi govt approves projects worth Rs 12 cr to strengthen road infra

Sisodia has directed the concerned officials to complete the work in the stipulated time and ensure that no inconvenience is caused to the public when the work is in progress

Time to press accelerator with higher infra spend, inviting global capital

It's a different equation that markets where the money went to, did not perform and one saw FII money flowing into India once again in the fourth quarter of 2022

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

CAIT seeks govt's intervention in Delhi's poor road infra, requests audit

Seeking the intervention of Union road transport and highways minister Nitin Gadkari him to order a road audit of Delhi.

Highway construction pace in Oct falls 20% YoY in another month of decline

Dip in October has severely dented prospects of road ministry meeting its target of constructing 12,000-14,000 km of highways in 2022-23

Centre will make UP's road infrastructure equivalent to USA, says Gadkari

Union Road Transport and Highways Minister Nitin Gadkari on Saturday said that before the end of 2024, the centre would make the road infrastructure of Uttar Pradesh equivalent to that of the USA

Top headlines: SpiceJet scouting for funds; markets may fund road projects

Road Transport Minister Nitin Gadkari on Tuesday said the government will approach the capital market next month to raise funds for four road projects

Govt to approach capital mkt next month to raise funds for 4 road projects

The money will be raised through Infrastructure Investment Trusts, and there will be an investment limit of Rs 10 lakh for retail investors, says Road Transport Minister Nitin Gadkari

Gadkari seeks environment ministry's approval to build wider hill roads

Accidents can be avoided in Kashmir, Himachal Pradesh, Uttarakhand, says union minister

How delays in public projects could impact govt's fundraise plans via NMP

Time and cost overruns could impact private sector participation in the ambitious National Monetisation Pipeline programme

Govt sanctions four national highway projects worth Rs 4,500 crore

The projects announced by Union Minister Nitin Gadkari pertain to the construction, widening, and upgrade of national highways in Assam, Telangana, Karnataka, and Andhra Pradesh

Top headlines: Ukraine fears lift oil to 7-yr high; Swiggy eyes $800-mn IPO

Business Standard brings you the top headlines on Tuesday