Page 3 - Highway Projects

NHAI starts expanding funding avenues to secure finances for future

Our target is to reach out to investors in every segment, be it a large investor, or small, an NHAI official said

Steps being taken to complete Rs 5.72 trn highway projects on time: Gadkari

He said that currently, 1,407 projects involving 50,016 km of national highways was underway worth Rs 5.72 lakh crore

How 'national highway' status for roads is hurting govt's finances

Nomenclature leads to reduction in toll revenues for the existing highways

NHAI seeks Rs 25,000-cr additional budgetary support for highway projects

The NHAI has the approval to raise Rs 75,000 crore in borrowings during the current year, while the government support is Rs 36,691 crore

Waiver of earnest money deposit relief for mid-sized highway players: Icra

Central road implementation agencies seek 1% of contract value as bid bond guarantees

Funding options dry up for highway projects as they get lukewarm response

Under the TOT model, the concessionaire pays a one-time fee upfront, operates toll for 30 years

Govt releases Rs 193.16 cr fund for India-Myanmar-Thailand highway project

India is undertaking construction of two sections of the trilateral highway in Myanmar, that entails building 120.74 km Kalewa-Yagyi road section and constructing 69 bridges

Policy on cards to let firms exit highway projects easily: Road ministry

Whether firms will be allowed to exit five or 10 years before time is being discussed, the road ministry official said

Schedule lags in 107 highway projects; legacy issues for majority

Implementation capability of some aggressive bidders a possible factor

Centre to offer more highway projects on hybrid-annuity model next year

Optimism has returned after banks have regained an interest in financing such contracts

Highway developers worried over rising labour cost

The infrastructure sector is trying to address not only a financial crunch but also a shortage of skilled labour; labour costs in the sector have risen in three years by a little more than 50 per cent. According to the latest National Highways Construction Cost Index data, issued this June, the index for labour cost was at 185, compared to 110.2 in April 2014. Labour is eight to 10 per cent of road construction cost.Experts point to a higher thrust on infrastructure development, lack of skilled labour and government incentives to the rural population , where the major part of construction labour would come from. "Other costs have been quite stable for a long time; labour costs are increasing. The labour force at large has turned less needy, due to various government financial incentives and freebies," said K K Mohanty, managing director, Gammon Infrastructure and Projects."Demand is more than supply, with the increasing thrust on infrastructure. Also, costs have seen an increase for ..

Road and highways ministry planning jobs of 500 mn man-days in 4 years

Highway projects of NHAI will help in creating employment of estimated 50 crore man-days in the next four years, the road and highways ministry said today. "The ongoing and targeted projects of National Highways Authority of India (NHAI) would generate estimated employment of approximately 50 crore man days over the next four years on a seasonal basis," the Ministry of Road Transport & Highways said in a statement. NHAI is aiming to construct approximately 50,000 km highway over the next four years. "This would be averaging to nearly 12.5 crore man-days yearly from 2018-2022. Of this, about 1 crore will be professional man-days, 3.5 crore skilled labour man-days and 8 crore semi-skilled and un-skilled man days," the statement added. Seasonal employment opportunities would open up as execution of highways projects would desire professionals which are qualified as well as skilled and semi-skilled work force. NHAI has embarked upon an elaborate exercise for skill ...

Centre to give delayed highway projects a move on

Improvement in sector could be owing to quicker disbursement of compensation after land acquisition by the central govt: Officials

Nitin Gadkari announces highway projects worth Rs 1 lakh cr in Rajasthan

Modi is scheduled to inaugurate 11 projects worth Rs 15,000 cr on Aug 29

Smaller players take bigger pie of highway projects

Larger firms want 'high risk-high reward', while smaller companies have lower risk appetite

Infra focus: Govt formulating model to boost foreign investment in highways

Monetisation of public-funded highway projects could result in funds up to Rs 1 lakh crore

Road, Defence ministries meet to iron out bottlenecks on highway projects

Ministry of Road Transport and Highways and National Highways Authority of India (NHAI) have achieved some traction as far as transfer of defence land for constructing highway projects is concerned. Union transport minister Nitin Gadkari today met Defence Minister Manohar Parrikar to discuss pending issues of transfer of defence land for highways and shipping projects.According to an official, the two ministries have been working together closely to resolve these issues. Cases like transfer of land on Gwalior - Shivpuri section of NH 3, Jodhpur - Barmer section of NH 112, Dagshi village on NH 22 ad Tinsukia bypass have been resolved as a result of mutual consultations, an official said. Pending cases like widening of NH 8 (Dhaula Kuan and IFFCO chowk) , Chennai port to Maduravoyal and transfer of Defence land for Eastern waterfront project of Mumbai port were discussed. Both parties have decided to extend full cooperation and resolve the pending issues in a time bound manner, the ...

Green panel clears Rs 224 cr highway upgradation project in Karnataka

The total length of the proposed road has been reduced from 119 km to 95 km

Rs 8,600 crore worth stalled highway projects turn chronic

These road contracts are spread across Andhra Pradesh, Haryana, Karnataka, Odisha, Rajasthan, Tamil Nadu, Uttarakhand and West Bengal

Govt panel clears 16 highway projects for bidding

Of the total projects, 13 would be executed on EPC mode, two on hybrid annuity model and one on BOP mode