‘Fuel, time worth Rs 12,000 crore wasted at toll plazas per year’

NEW DELHI: India could save up to Rs 12,000 crore every year in terms of fuel and man-hours with the switch to 100% FASTag-based toll collection on national highways (NH) from December 1. Live monitoring of traffic by a Noida-based startup shows long waiting times at many of the 488 NH toll plazas. At 2pm … Read more ‘Fuel, time worth Rs 12,000 crore wasted at toll plazas per year’

FASTag adoption, new projects to improve NHAI cashflows: Report

Faster asset monetization, coupled with stricter implementation of Fastags and speeding up the pace of construction will help address the cash-flow issues plaguing NHAI, says a brokerage report. It can be noted that NHAI has been facing funding and cash flow issues leaving many of its projects stalled. The national road builder’s debt has risen … Read more FASTag adoption, new projects to improve NHAI cashflows: Report

Buldhana Water Conservation Project In Maharashtra My “Best” Work: Nitin Gadkari

Nitin Gadkari says villagers got a new lease of life through Buldhana water project. (File) Nagpur:  Union minister Nitin Gadkari today hailed the pilot project under which the National Highways Authority of India (NHAI) created water conservation facilities in several villages in drought-prone Buldhana district of Maharashtra while carrying out road works. The Minister of … Read more Buldhana Water Conservation Project In Maharashtra My “Best” Work: Nitin Gadkari

Ashoka Buildcon arm bags highway project worth Rs 1,000-crore

NEW DELHI: Ashoka Buildcon on Saturday said its subsidiary Ashoka Concessions Ltd (ACL) has received a Letter of Award (LOA) from NHAI for a highway project in Telangana worth Rs 1,000 crore. “ACL has received a LOA from NHAI for the project viz Four laning of NH-161 from Kandi to Ramsanpalle in the State of … Read more Ashoka Buildcon arm bags highway project worth Rs 1,000-crore

Just 3 companies show up for NHAI’s toll-operate-transfer-3 auctions

NEW DELHI: The highways ministry’s third round of auctions for monetisation of toll roads has received bids from only three players, officials aware of the matter said. The turnout is strikingly low especially after 27 players had evinced interest during the pre-bid meetings. The National Highways Authority of India (NHAI) had in June this year … Read more Just 3 companies show up for NHAI’s toll-operate-transfer-3 auctions

Highway Authority Fined Rs 6.84 Crore For Causing Pollution in UP

A fine of Rs 6.84 crore has been imposed on NHAI. (Representational) Agra:  The National Highways of India (NHAI) of India has been fined Rs 6.84 crore for polluting air due to consistent construction activity in Uttar Pradesh’s Agra, officials said on Sunday. The authority has also been instructed to sprinkle water wherever construction work is … Read more Highway Authority Fined Rs 6.84 Crore For Causing Pollution in UP

Land-price skew puts brakes on National Highway projects

NEW DELHI: High circle rates and varying norms for fixing the rate based on the size of land parcels have made it difficult for the National Highways Authority of India to acquire land for expansion of existing highways in Uttar Pradesh and Madhya Pradesh. While acquiring one hectare of land in these states could cost … Read more Land-price skew puts brakes on National Highway projects

500-tonne waste to help build 100km of highways by October-end

NEW DELHI: At least 500 tons of single use plastic (SUP), particularly waste polythene, will be used in building nearly 100 km of highways by October-end, a top NHAI official said. To achieve this, the government’s highway building agency has, for the first time, taken the ‘risk performance’ of roads which will be built using … Read more 500-tonne waste to help build 100km of highways by October-end

EPFO in talks with NHAI to enhance funding for road projects

NEW DELHI: Retirement fund body Employees’ Provident Fund Organisation (EPFO), which burnt its hands with investments in IL&FS and Dewan Housing Finance Corporation Ltd, has initiated talks with National Highways Authority of India (NHAI) to enhance funding for highways. While EPFO has already invested around Rs 10,000 crores via NHAI bonds this year, executives from … Read more EPFO in talks with NHAI to enhance funding for road projects

PM Modi’s $5 Trillion GDP Goal Hits A Bump: Road-Builder NHAI’s Debt

PMO proposed NHAI be transformed into a road-asset management company. (Representational) India’s path to economic recovery faces another obstacle, with Prime Minister Narendra Modi asking the state road builder to stop constructing highways after its debt ballooned almost seven-fold over the past five years. “National Highways Authority of India totally logjammed with unplanned and excessive … Read more PM Modi’s $5 Trillion GDP Goal Hits A Bump: Road-Builder NHAI’s Debt

E-tolling infrastructure set up at 75% of national highways

NEW DELHI: Moving swiftly on the government’s plan to switch to electronic toll collection on national highways from December 1, the National Highways Authority of India (NHAI) has equipped nearly 75% of national highways with e-tolling infrastructure. The road transport and highways ministry, in a letter sent to the NHAI last month, had asked for … Read more E-tolling infrastructure set up at 75% of national highways

NHAI to prioritise road projects on financial viability

NEW DELHI: Eyeing asset monetisation in a big way, the government is now proposing to take up projects based on financial viability under the ambitious Bharatmala programme that entails construction of 60,000 km of national highways across the country, officials said. Projects with high traffic density, and their ability to be monetised almost immediately after … Read more NHAI to prioritise road projects on financial viability

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