Page 2 - Road Projects

Govt to approach capital market this month to raise funds for road projects

Union Minister Nitin Gadkari on Thursday said the government will approach the capital market this month to raise funds for road projects. Addressing an event here, he said toll revenue of the NHAI will soar to Rs 1.40 lakh crore per annum in next three years from Rs 40,000 crore per annum currently. "This month, I will be approaching the capital market to raise funds for road projects...Our toll income is very good and NHAI's rating is AAA...I am 100 per cent sure that we will get a good response from the capital market," the Road Transport and Highways minister said. Gadkari said the insurance funds, pension funds have shown interest to invest in India's road projects because there is economic viability. Last month, he had said the money will be raised through Infrastructure Investment Trusts (InvITs), and there will be an investment limit of Rs 10 lakh for retail investors. The minister had also said the government will soon list InvITs on stock exchanges so that retail investo

Tatas all set to monetise road, ropeway projects; to raise Rs 6K crore

Tata Realty to raise Rs 6,000 cr as fresh debt

Cabinet approves Taranga Hill-Ambaji-Abu Rd rail line for improved mobility

The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved Taranga Hill-Ambaji-Abu Road new rail line to provide connectivity and improve mobility, said Anurag Thakur

Govt will tap capital markets to fund road projects: Nitin Gadkari

The minister further said despite fears of global recession, there is no problem in funding infrastructure sector projects.

IndInfravit to buy 5 Indian road projects from Brookfield in $1.2 bn deal

India-based infra company Indinfravit is currently obtaining five Indian road projects from Canada-based major construction company Brookfield for a whopping $1.2bn

Roads: Robust awarding to keep revenue in fast lane, says CRISIL analysis

CRISIL expects revenue of road EPC players to grow 10-12 per cent and margin to remain range bound at 13.5-14 per cent

No doubt about economic viability of road projects: Nitin Gadkari

Union Minister Nitin Gadkari on Friday called upon investors to take up road projects as they offer "very high" internal rate of return, ensuring their economic viability. Assuring investors that their investments are safe, the road transport and highways minister said the possibility of any project getting stalled is nil now. "The internal rate of return in the road sector is very high and so there is no need to worry about their economic viability," Gadkari said while addressing a national conference on investment opportunities in highways, transport and logistics. Recalling his stint as the Public Works Department (PWD) minister in the first Shiv Sena-BJP government in Maharashtra in the early 1990s, he said even in those days money was never a problem to fund infrastructure as he could successfully raise funds and build the Mumbai-Pune Expressway with public money, which then went on to become a model for infrastructure financing. "When Reliance submitted the tender for the ...

NHAI to continue awarding road projects this fiscal, HAM dominates: Crisil

The Hybrid Annuity Model is expected to account for half of the projects

PM lays foundation stone of road projects in temple town Pandharpur

Prime Minister Narendra Modi laid the foundation stone for two road projects aimed at improving connectivity to the temple town of Pandharpur in Maharashtra via video conferencing on Monday

Statsguru: Six charts show India's infrastructure projects in a slow lane

Among sectors, water, telecom and Railways faced the highest cost overruns

RBI's surplus funds can be used for road projects, says Nitin Gadkari

Addressing a virtual CII meet, Gadkari said that the National Highways Authority of India should also have a financial arm such as the Power Finance Corporation

Farmers' stir hits 24 BOT road projects, total revenue loss Rs 1,060 cr

Rating agency CARE said the disruption of toll collections for state projects since October 2020 accentuated with no fees collection at toll plazas since December 2020

Over Rs 600 crore sanctioned to build roads and bridges in Uttarakhand: CM

The Centre has sanctioned over Rs 600 crore for the construction of 42 roads and bridges in Uttarakhand, Chief Minister Pushkar Singh Dhami said on Friday.

NHAI resumes infrastructure investment trust project with roadshows

The trust is being set up as a private listed InvIT to attract large institutional investors

NHAI to offer 32 projects in next round of toll-operate-transfer bids

The authority has so far generated over Rs 17,000 crore through the TOT model

NHAI on track to award Rs 2.25-trillion projects this fiscal: Chairman

Construction target for the year roughly translates into 12-13 km a day

Kejriwal asks officials to complete road redesigning projects by 2023

Delhi Chief Minister Arvind Kejriwal on Tuesday directed PWD officials to complete the ongoing projects of redesigning of roads here along the lines of European cities, within stipulated deadline. He also visited Sriniwaspuri Ring Road and inspected the pilot project of redevelopment. Kejriwal said the tender process of redesigning of roads should be done in a swift manner to complete the project by 2023. He also chaired a review meeting with PWD Minister Satyendra Jain and senior officers of the department, on the status of the ongoing project of redesigning and streetscaping of seven road stretches and 540 km of identified roads, said a Delhi government statement. "The process of designing the roads should be done in a swift manner and the project should be completed within the stipulated deadline of 2023. The Public Works Department (PWD) should ensure removal of all obstacles as the projects need to be completed in two years," he said. Under the pilot project, considerable ...

IL&FS receives Rs 693 cr settlement claim for two road projects from NHAI

IL&FS has received Rs 693 crore worth of settlement claims for two road projects from the National Highways Authority of India (NHAI).

DFI goes back to the future: Will changes boost infra funding in India?

The Bill suggests that the government has learned from past mistake

Gadkari reviews Telangana projects, including Rs 15,980 cr Ring Road

The ring road project comprises two parts -- Rs 9,500 crore northern part and Rs 6,480 crore southern portion