Page 2 - Road Projects

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)

Navigating smog and devotion on the road

A trip to the hills has become easier with multiple lanes and smooth highways, yet the ease is interrupted by the persistent haze and the spectacle of young men dancing along the way

Govt sanctions Rs 1,170 crore for road projects in Ladakh: Gadkari

Union minister Nitin Gadkari said the government has sanctioned Rs 1,170.16 crore for 29 roads projects in Ladakh. In a post on social media platform X, Gadkari said Rs 1,170.16 crore has been sanctioned for 29 roads projects, encompassing state highway and other major roads in the Union Territory. Additionally, Rs 181.71 crore has been allocated for 8 bridges under the Central Road and Infrastructure Fund (CRIF) scheme for the fiscal year 2023 24, the road transport and highways minister said. He said Ladakh, the largest Union Territory in terms of area and the second least populous in the country, will witness improved connectivity to its remote villages through the approved initiatives. The enhancement in road connectivity is expected to stimulate economic activities, particularly in agriculture and tourism, contributing to the overall infrastructural development of Ladakh, he added.

States, ministries to make 'checklist' to manage data for Gati Shakti NMP

DPIIT, which is responsible for overseeing Gati Shakti NMP, has also prepared a document - a crucial resource for clarity and data management practices - for relevant stakeholders

Union cabinet approves road, construction projects in Bihar, Tripura

The Union Cabinet on Wednesday gave its approval for widening of the 135-km stretch of Khowai-Harina road in Tripura, according to an official statement. The project involves investment of Rs 2,486.78 crore which includes a loan component of Rs 1,511.70 crore (JPY 23,129 million), the statement said. The loan assistance will be from Japan International Cooperation Agency (JICA) under Official Development Assistance (ODA) scheme, it added. The project is envisaged to facilitate better road connectivity between various parts of Tripura and to provide alternative access to Assam and Meghalaya from Tripura apart from existing NH-8. "The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has given its approval for improvement and widening to two lane with paved shoulder of road from km 101.300 (Khowai) to km 236.213 (Harina) of NH-208, covering a total length of 134.913 kms in Tripura," the statement said. The statement noted that development of the project

Road construction projects worth Rs 65,000 cr underway in Delhi: Gadkari

Work on projects worth Rs 65,000 crore is underway in Delhi and its nearby areas for the construction of roads, highways and expressways, Union Minister of Road Transport and Highways Nitin Gadkari said on Thursday. Work on an expressway connecting Delhi's Akshardham temple to Dehradun has started. Once it is completed, it will only take two hours to reach Dehradun from Delhi and one-and-a-half hours to reach Haridwar, the minister said in the Lok Sabha. "Rs 65,000-crore works are going on in Delhi and its adjoining areas. We have already constructed an expressway to Meerut. Works are also going on to connect Muzaffarnagar," he said. Gadkari said works to construct a peripheral road around Delhi are also going on.

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

Govt aims to complete 85% of road projects on time this fiscal: Anurag Jain

Around 85 per cent of road projects are likely to be completed by the end of this fiscal, as the steps taken by the government to ensure faster clearances like monitoring and quicker resolution of issues have started showing results, Road Transport and Highways secretary Anurag Jain said on Wednesday. Jain said, the Road ministry is getting environment and forest clearance quickly and monitoring mechanisms of delayed projects have been improved. "We took up completion of projects on time as a challenge, and in cases where the project is already delayed, a revised schedule was taken as the target. I have a feeling that by the end of this financial year (March), we will complete about 85 per cent of projects on time," he told PTI in an interview. Jain further noted that "PRAGATI meeting by the Prime Minister, monitoring by Cabinet Secretariat, creation of Integrated Project Monitoring portal, use of PM GatiShakti in planning have considerably improved the pace of implementation of the

Delhi's Sultanpuri underpass project complete, to open from Sep 4

The Sultanpuri underpass project in Delhi, work on which had begun in 2010, has been completed and it will be opened for the public on September 4, officials said on Saturday. The completion work has been pending for a long time, Mayor Shelly Oberoi's office said in a statement. Soon after the AAP-led government took charge in the Municipal Corporation of Delhi, the work was expedited and pending fund was arranged too, she was quoted as saying in the statement The underpass has now been completed and it will be thrown open to the public on September 4. It will help ease traffic movement in the area, the statement said. Mayor Oberoi will be present during the inauguration of the underpass.

Road projects under HAM face funding, execution challenges: Report

The report which was released on Thursday, highlighted the current state of the Indian Road Sector, the performance of road projects under HAM projects

NITI Aayog seeks consultant to evaluate road projects, functioning of NHAI

With the debt of National Highway Authority of India (NHAI) surpassing Rs 3 lakh crore and its dependance on government's budgetary support increasing, the NITI Aayog has decided to go in for an institutional evaluation of the highway construction body. The government think tank's Development Monitoring and Evaluation Office (DMEO) has floated a tender for selection of a technical consultant for conducting an evaluation study of road projects and the functioning of NHAI. "In the context of its (NHAI's) increasing debt servicing burden, contingent liabilities, dependence on government budgetary support, and ambitious highway and infrastructure development plan, there is a need to better understand the performance of NHAI and evaluate its existing practices and finances in order to provide inputs in improving its functioning," the DMEO said in it's report. NHAI's debt has seen an increase from Rs 23,797 crore in March 2014 to Rs 3.48 lakh crore in March 2022. NHAI's spending in FY22

Road transport sector contributes to max delayed projects: Govt report

The road transport and highways sector has the maximum number of delayed projects at 402, followed by railways at 115 and the petroleum industry at 86, showed a government report. In the road transport and highways sector, 402 out of 749 projects are delayed. For railways, out of 173 projects, 115 are delayed, while in the petroleum sector, 86 out of 145 projects are running behind schedule, as per the latest flash report on infrastructure projects for March 2023. The Infrastructure and Project Monitoring Division (IPMD) is mandated to monitor central sector infrastructure projects costing Rs 150 crore and above based on the information provided on the Online Computerised Monitoring System (OCMS) by the project implementing agencies. The IPMD comes under the Ministry of Statistics and Programme Implementation. The report showed that the Muneerabad-Mahaboobnagar rail project is the most delayed. It is delayed by 276 months. The second-most delayed project is the ...

Cube, Actis, KKR, Sekura in race to buy nine Macquarie road projects

Transaction to cost up to $1 bn; valuation muted due to tightening of interest rates, says banker

Macquarie mulls sale of 9 road projects in India for $1.5 billion

The firm is in preliminary discussions with advisers about the potential deal, the people said, asked not to be identified discussing a private matter

Adani group pulls back on grand ambitions after the Hindenburg bombshell

It's also dialling back on ambitions to dive further into aluminium, steel and road projects, said people

725 road projects facing delays due to rains in some states: Gadkari

As many as 725 road projects of the total 1,801 ongoing projects are running behind the schedule across the country as of February 2023 due to protracted monsoon in many states and above-average rainfall in some states, Union minister Nitin Gadkari said on Wednesday. The Road Transport and Highways Minister in a written reply to the Rajya Sabha said additional cost is not incurred in all delayed projects as in Build-Operate-Transfer (BOT) projects, as escalation cost is absorbed by the Concessionaire. For other projects, if the delay is attributable to the Project Authority, price escalation is paid as per contract conditions, which may or may not result in additional cost, depending upon the final value of price escalation determined on the actual completion of the project and final settlement of bills, he added. Replying to a separate question, Gadkari said the National Highways Authority of India has planted 344.27 lakh trees from 2016 to February 2023 under the green highways ..

Adani Enterprises to freeze capital expenditure in new road projects

It will focus instead on completing existing ones, before committing fresh investments

PM Modi to inaugurate first section of Delhi-Mumbai expressway on Sunday

Prime Minister Narendra Modi will inaugurate the 246-km Delhi-Dausa-Lalsot section of the Delhi-Mumbai Expressway on Sunday, with the new stretch set to reduce the travel time from the national capital to Jaipur from five hours to around three and a half hours. Developed at a cost of more than Rs 12,150 crore, this first completed section of the Delhi-Mumbai Expressway will provide a major boost to the economic development of the entire region, the Prime Minister's Office (PMO) said. Modi will launch road development projects worth more than Rs 18,100 crore from Dausa and will visit Karnataka on Monday to inaugurate the 14th edition of Aero India 2023 at the Air Force Station, Yelahanka in Bengaluru. The PMO said Modi's emphasis on the building of excellent road infrastructure as an engine of growth, development and connectivity in "New India" is being realised by the construction of a number of ongoing world class expressways across the country. The Delhi-Mumbai Expressway will be

Road transport and highways sector has maximum delayed projects: Report

The road transport and highways sector has the maximum number of delayed projects at 358, followed by railways at 111 and the petroleum sector at 87, showed a government report. In the road transport and highways sector, 358 out of 769 projects are delayed. In railways, out of 173 projects, 111 are delayed, while in the petroleum sector, 87 out of 154 projects are running behind schedule, as per the latest flash report on infrastructure projects for November 2022. The Infrastructure and Project Monitoring Division (IPMD) is mandated to monitor central sector infrastructure projects costing Rs 150 crore and above based on the information provided on the Online Computerised Monitoring System (OCMS) by the project implementing agencies. The IPMD comes under the Ministry of Statistics and Programme Implementation. The report showed that the Muneerabad-Mahaboobnagar rail project is the most-delayed project. It is delayed by 276 months. The second-most delayed project is the ...

Govt saved banks from Rs 3 trn of NPAs by clearing road projects: Gadkari

The government on Tuesday claimed in the Rajya Sabha that it has saved Indian banks from Rs 3 lakh crore of NPAs by helping clear pending road projects in the country since 2014. Road Transport and Highways Minister Nitin Gadkari informed the Rajya Sabha that there are 415 road projects where 95 per cent of work is complete but have been categorised in the delayed projects category. He said the government would soon carry out state-wise monitoring of all such pending or delayed projects and help clear them at the earliest. "There are 415 projects where 95 per cent of work is complete and are termed as delayed projects. When our government came in 2014, there were projects worth Rs 3.85 lakh projects which were shut for various reasons," he told the house during Question hour. The minister was replying to a question about whether the government has any plan to restart the delayed or stalled road projects in the country and if a further action plan is being prepared after ascertainin