| National Highways Authority of India Related news |
IL&FS Transportation bags Rs 2,288.18 cr project from NHAI
Posted on 27th July 2015 |
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IL&FS Transportation Networks Ltd today said it has bagged Rs 2,288.18-crore worth project from NHAI for four-laning of Amravati-Chikhli section of NH-6 in the state of Maharashtra. "The company has been awarded the project through issuance of a letter of award dated July 24, 2015 by NHAI. The company had quoted a grant of Rs 183.05 crore for project," IL&FS Transportation Networks Ltd said in a BSE filing. |
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NHAI, IRFC to raise tax-free bonds worth Rs 30,000 cr in FY16
Posted on 23rd April 2015 |
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Tax-free bonds for retail investors might soon be back, after a gap of one year. National Highways Authority of India (NHAI) and Indian Railway Finance Corporation (IRFC) have received in-principle approval from the government to raise Rs 24,000 crore and Rs 6,000 crore, respectively, via this route. |
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NHAI may fall short of its target road construction for FY15: Study
Posted on 10th March 2015 |
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The National Highway Authority of India (NHAI) is likely to fall short of its target of road construction for the current fiscal, and what's more the execution rate declined by 17 per cent to 3.41 km per day during the first eight months of FY15 from 4.14 km per day during the same period in the preceding year. According to a recent analysis by credit rating firm ICRA, the NHAI has awarded 1,572 km of contracts during eight months of FY 15 (April-Nov ember 2014), while it had set itself a target of 5,500 km for FY 15, 35 per cent of which was earmarked for Build-Operate-Transfer (BOT) segment and rest for Engineering Procurement and Construction (EPC) mode. |
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NHAI to prepare DPR for Rs 900 crore Bhubaneswar ring road project
Posted on 20th January 2015 |
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The National Highway Authority of India (NHAI) will soon prepare a detailed project report (DPR) for the capital region ring road project, estimated to be costing around Rs 900 crore, said a senior official of the Union government. The Odisha government has agreed to bear the cost of land acquisition for the project. We have approved the project proposal and have asked NHAI to prepare a DPR for it. |
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Expedite complete exit to fuel investor interest, says NHAI
Posted on 13th September 2014 |
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Unhappy with the lingering uncertainty over a proposal to allow developers to fully exit completed projects, the National Highways Authority of India (NHAI) has asked that it be implemented in earnest so that a clutch of deals that private equity funds, corporates and foreign pension funds have either already clinched or are negotiating with incumbent developers could materialise soon. |
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NHAI to tighten norms for claiming damages
Posted on 3rd September 2014 |
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To reduce disputes, the National Highways Authority of India (NHAI) plans to tighten the norms under which builders claim compensation or damages from the government. According to the proposed change in norms, NHAI would allow road developers to claim damages arising out of an unforeseen event only within a period of 30 days. Currently, road developers can knock the door of NHAI any time after the award of the contract, as there is no restriction on time period. |
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NHAI to put GVK's Madhya Pradesh project for rebidding
Posted on 1st September 2014 |
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After burning its hand with GVK Transportation, the National Highways Authority of India (NHAI) will soon put the Shivpuri-Dewas road project in Madhya Pradesh for rebidding. The project, first awarded to GVK Transportation in January 2012, was terminated by NHAI due to the company's failure to achieve financial closure for the project. The project value, Rs 2,815 crore at that time, would now be Rs 4,000 crore owing to escalation in input costs, a senior NHAI official said. Even before NHAI terminated the contract, GVK had walked out of the project, citing delays in getting various clearances. |
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NHAI opts for ARC model to revive pending road projects
Posted on 22nd August 2014 |
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New Delhi: The board of National Highways Authority of India (NHAI) has approved the formation of an entity similar to an asset reconstruction company (ARC) to take over bank loans extended to road projects that are likely to turn bad. This decision was taken at a meeting held on Thursday, two government officials said on condition of anonymity. The objective is to keep bank balance sheets healthy and at the same time revive road projects. |
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NHAI proposes to set up new entity to push unfinished projects
Posted on 16th August 2014 |
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NEW DELHI: National Highways Authority of India (NHAI) has proposed setting up of new entity, sort of an asset management company, to push completion of unfinished highway projects, which are facing major delays due to non-availability of finances from private developers and financial institutions. The proposal will come up for consideration at theNHAI Board meeting next week. |
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Govt creates panel to examine NHAI note
Posted on 9th August 2014 |
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New Delhi: The ministry of road transport and highways has decided to constitute an inter-ministerial committee to review the note prepared by the National Highways Authority of India (NHAI) seeking an overhaul of the existing model concession agreement to revive private sector interest in the road sector, said two government officials who did not want to be named. The model concession agreement is the contract that sets the terms of execution of a project and is signed between the concessionaire and the government, in this case the NHAI. |
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