| National Highways Authority of India Related news |
NHAI eyes AIF route to ease funding for highway projects
Posted on 11th May 2016 |
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New Delhi: The National Highways Authority of India (NHAI) plans to leverage its resources to set up an alternative investment fund (AIF), as it aims to ease funding for highway building. With the ambitious National Investment and Infrastructure Fund yet to take off, government departments are looking at options of their own, at a time when banks are squeezed by asset-liability mismatches and rising bad debt. |
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NHAI to raise Rs 55,000 crore via bonds in FY17
Posted on 2nd May 2016 |
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To finance its various projects, National Highways Authority of India (NHAI) plans to raise Rs 55,000 crore through bonds this fiscal. "NHAI plans to raise Rs 5,000 crore through capital gains bonds and Rs 50,000 crore through taxable bonds or other similar instruments," Minister of State for Road Transport and Highways Pon Radhakrishnan told Rajya Sabha in a written reply on Monday. |
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NHAI to offer cleaner toilets, free Wi-Fi for better travel experience
Posted on 25th April 2016 |
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Keen on improving travelling experience on the highways, the National Highways Authority of India (NHAI) is considering to offer a clutch of user-friendly amenities including cleaner toilets, speed monitoring and free Wi-Fi. Plans are also afoot to put in place a well-equipped patrolling system and providing ambulances with all basic needs to take care of victims of road accidents. |
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Centre decides to speed up construction of national highways
Posted on 21st April 2016 |
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New Delhi: The road transport and highways ministry has decided to more than double the rate at which national highways are being built—from 16 km a day to 41 km a day in 2016-17. This is around 2.5 times the current rate of construction. |
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Stalled projects put highway construction in the slow lane
Posted on 26th March 2016 |
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While road construction has picked up this year, a whole host of projects — across 2,500 km — that entail an investment of over Rs 27,000 crore are stuck. Among the reasons for the delay are the inability to acquire land and the absence of environment clearances. A few of them, however, are merely awaiting completion certificates while others are stuck because of legal disputes between the concessionaire and the National Highways Authority of India (NHAI). |
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No more waiting at toll plazas soon; NHAI plans e-tolling
Posted on 27th February 2016 |
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MUMBAI: The National Highways Authority of India has approached the National Payments Corporation of India to set up an interbank clearing house to enable e-tolling across 350 toll plazas in the country. The move is expected to help the country save thousands of crores of rupees annually in fuel consumption and speed up freight. The measure will help reduce congestion at toll gates and curb malpractices. |
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Huge demand forces NHAI to foreclose tax-free bond issue on third day itself
Posted on 26th February 2016 |
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NEW DELHI: Huge demand from all categories of investors has forced the National Highway Authority of India (NHAI) to advance the closure of the second tranche of the Rs 3,300 crore tax-free bond issue to Friday, February 26, from the scheduled closure of March 1. The bond issue continued to attract bids in large volumes from investors across categories. Data available on the BSE website showed the issue had received 18.40 times bids by 11 am on Friday. |
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NHAI babus and thekedars pledge not to be corrupt
Posted on 13th February 2016 |
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NeW DELHI: For the first time in NHAI's history, all stakeholders tasked with building and maintaining national highways, including officials, staff, road developers and consultants on Friday publicly pledged not to give or take any "inducement or obligation" from each other. Top NHAI officials and senior executives of infrastructure majors, including GMR, IRB, GVK, Sapoorji Pallonji and Oriental Structural Engineers took this pledge on the occasion of NHAI's 21st foundation day. |
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NHAI plans to borrow over Rs 1 lakh cr in next 2 fiscal years
Posted on 8th February 2016 |
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Setting stiff target for itself of awarding 5,000 km highway projects annually over the next two financial years, the National Highways Authority of India (NHAI) has drawn up a plan to borrow more than R1 lakh crore from the domestic markets during the period. The planned hike in borrowings is in line with the government’s plan to accelerate road construction and achieve the target of building 30 km a day. |
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Govt identifies 104 NH stretches to raise Rs 1 lakh cr
Posted on 20th January 2016 |
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The highways ministry has identified 104 toll roads for monetisation. The government plans to earn Rs 80,000-1,00,000 crore over a period of 20-25 years from monetisation of these completed public funded national highway (NH) projects. The ministry intends to give out these projects to private companies in toll-operate-transfer mode. The private companies entrusted for the purpose will collect toll as well as will be responsible for the maintenance of the stretch for which they are collecting toll. |
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