NHAI draws flak for delay in FOB commissioning

NHAI draws flak for delay in FOB commissioning

It is going to be a long wait for pedestrians wanting to safely cross the 16-km Edappally-Aroor NH Bypass corridor, as five foot overbridges (FOBs), built by the National Highways Authority of India (NHAI), are not anywhere near commissioning.

Purvanchal e-way cost reduces by Rs 1,520 crore

Purvanchal e-way cost reduces by Rs 1,520 crore

Project costs normally escalate over a period of time but the proposed 340 km long Purvanchal expressway, the country’s longest, has proven to be an exception. The projected construction cost of the project, scheduled to be inaugurated by Prime Minister Narendra Modi on July 14, has reduced by around Rs 1,520 crore between 2016 and 2018.

IL&FS in talks with Cube Highways to sell tunnel in Jammu and Kashmir

IL&FS in talks with Cube Highways to sell tunnel in Jammu and Kashmir

IL&FS Transportation Networks (ITNL), the road development arm of infrastructure development and finance major IL&FS, is in talks with I Squared Capital-backed Cube Highways to sell a majority stake in the recently completed Chenani-Nashri tunnel way (CNT) in Jammu & Kashmir (J&K), sources close to the development told FE.

MEP Infrastructure rises nearly 3% on LoA from NHAI

MEP Infrastructure rises nearly 3% on LoA from NHAI

Share price of MEP Infrastructure Developers added nearly 3 percent intraday Friday as company received LoA from NHAI. The company has received the LoA (Letter of Acceptance) from NHAI (National Highways Authority of India) for toll collection rights at Paranur fee plaza on NH-45 in the state of Tamil Nadu.

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