Jan 02, 2024 Government to build more highways on PPP Government to build more highways on PPP In a major policy shift, starting this financial year, the National Highways Authority of India (NHAI) will bid out nearly 75 per cent of the highway projects on Public Public Private Partnership (PPP) mode and the rest on the full government funding mode or EPC
Jan 02, 2024 Railways, NHAI to fund rail/road links to mega Vadhavan Port The Indian Railways and the National Highways Authority of India (NHAI) will separately fund the last mile rail and road links - estimated to cost some Rs 5,000 crore to the mega port planned by the Centre at Vadhavan near Dahanu in Maharashtra’s Palghar district, easing the financial burden on the special purpose vehicle led by Jawaharlal Nehru Port Authority.
Dec 05, 2023 India to monetiseRs 3 lakh croreworth of highways by 2027 The Indian government plans to generate revenue of approximately Rs 3 lakh crore by monetising highways in the coming years. The National Highways Authority of India is expected to build approximately 4,000 to 4,500 kilometres of new roads annually in the next three years.
Jun 05, 2023 PNC Infratech integrates new subsidiary for highway project PNC Infratech established a wholly-owned subsidiary (WOS) business called “Varanasi-Kolkata Highway - Package II” as a special purpose vehicle (SPV) to carry out a project that the National Highways Authority of India (NHAI) had approved. The BharatmalaPariyojana in Bihar is funding the construction of a greenfield, sixlane Varanasi-Ranchi-Kolkata highway.
May 20, 2023 NHAI to develop 10,000 km of ‘Digital Highways’ in India by 2025 The National Highways Authority of India (NHAI) is working towards developing around 10,000 kilometres of Optic Fibre Cables (OFC) infrastructure across the country by 2024-25.
Nov 14, 2022 NHAI’s InvIT plans to raise Rs 2,000 crore to acquire road assets The infrastructure investment trust (InvIT) is planning to raise Rs 2,000 crore from investors to acquire two to three road assets from its parent firm the National Highways Authority of India (NHAI).
Nov 05, 2022 5,000 km expressway network in the state It has been decided to build a network of 5,267 km expressways in the state to reduce the distance between the districts by making communication facilities more efficient in Maharashtra. Accordingly, the Maharashtra State Road Development Corporation (MSRDC) will be working on expressways of about 4,217 km, while through the National Highways Authority (NHI), about 1,500 km of expressways will be constructed.
Oct 05, 2022 NHAI plans to raise Rs 10,000 crore from market State-owned National Highways Authority of India (NHAI) plans to raise close to Rs 10,000 crore from the capital market through infrastructure investment trusts (InvITs).
Jun 20, 2022 Arunachals Sela tunnel project to be completed by year-end The Sela tunnel project in China-bordering Arunachal Pradesh that will allow faster deployment of weapons and soldiers to forward areas in the Tawang sector has been delayed due to a prolonged winter that slowed down construction activity, and it is now expected to be completed by the year-end.