NHAI may consider floating another set of contracts in the next fiscal year
Govt identifies 70,000 km of roads that will be offered to private companies
Under the new proposal, firms will give bank guarantees every year against anticipated govt payment for that year
These pertain to 16 projects comprising over 1,400 kms of highways
In addition, the Road Transport, Highways and MSMEs minister will inaugurate a 27 km highway project - Kazhakoottam to Mukkola, built at a cost of Rs 1,121 crore
Starting next month, government targets bidding out six projects by April 2022
The projects include cost of civil work, land acquisition, and other pre-construction activity.
NHAI said it awarded projects for building 1,330 km of highways in April-September, up 60 per cent from the year-ago period despite the challenges posed by the Covid-19 pandemic
PM Modi will lay the foundation stone of nine highway projects in Bihar through video conference on Monday and also inaugurate optical fibre internet services, the PMO said
Union minister Nitin Gadkari will lay foundation stone of and inaugurate 11 highway projects worth Rs 4,300 crore in Uttar Pradesh on September 1, the Road Transport and Highways Ministry said
Union Minister Nitin Gadkari laid the foundation stones of Rs 3,000-crore highway projects in Manipur and said the government will soon take up additional projects worth Rs 16,023 crore in the state.
Union Minister Nitin Gadkari will lay the foundation stone of highway projects worth Rs 3,000 crore for Manipur on Monday through a virtual ceremony, the government said on Friday.
The projects for laying foundation stone include 227 km 6-lane access controlled Greenfield expressway from Ismailpur to Narnaul on NH 152D in 8 packages costing Rs 8,650 crore
Gadakri also said the government will ensure that Chinese investors are not entertained in various sectors like MSMEs
A total of Rs 340 crore ceiling has been approved for Uttarakhand for national highways, according to the communication dated June 24
In the backdrop of the large influx of migrants from other states, the state is expecting these mega projects to create local level jobs
Toll collection has restarted since, but there is unlikely to be a V-shaped revival in traffic after the lockdown ends - probably - on May 17. There will only be a gradual return to normalcy
In an interview to Megha Manchanda, Union Road Transport and Highways Minister Nitin Gadkari says he is optimistic about the sector meeting its project execution target in a time-bound manner
NHAI order book muted for next fiscal year due to land acquisition delay
It is learnt that the five companies have surrendered eight projects across various states