Companies delaying execution of highway projects may be disqualified from bidding in the next round of contracts as the government is mulling over a policy that would debar concessionaires from tenders of fresh road projects if the previous contracts of the same company have missed completion timelines.
Modi govt’s big infra push is visible & foreign investors know India will give best returns: Nitin Gadkari
India’s infrastructure projects are drawing substantial interest from global investors such as DBS, while sovereign overseas funds Temasek and GIC of Singapore are keen to invest in the Rs 5,000-crore masala bonds
The Ministry of Road Transport & Highways will soon be launching a comprehensive programme to improve road connectivity across the nation under proposed Bharatmala Pariyojana
India will monetise 105 highway projects for about Rs 145,000 crore in the coming years as part of new innovative models of financing, Union Minister Nitin Gadkari said here today.
Union Minister for Road Transport & Highways Nitin Gadkari laid foundation stone of four state highway projects here.
After months of negotiations, the National Highway Authority of India (NHAI) has finally managed to raise Rs8,500 crore from Life Insurance Corporation (LIC) for a period of 30 years at an interest rate of 7.22% per annum.