Union road minister Nitin Gadkari on Thursday said that his ministry is targeting to complete some 300 highways projects by March 2019, just ahead of the general elections.
Australia-based capital fund manager Macquarie and joint venture partner Ashoka Buildcon secured nine operational highway projects from the National Highways Authority of India (NHAI) on a toll-operate-transfer (TOT) basis.
After fetching USD 1.6 billion to its kitty, the government is eying more than USD 2 billion by placing two more bundles of road projects under hammer next month, a top official has said. “We will be bringing the next two tranches of highway projects for monetisation under TOT
Big Infrastructure Boost! Awarding Of Highway Projects Surges 70% To All-time High; Next Year To Be Even Better
Pace of highway projects execution to pick up! If the NHAI manages to source funds on time, and over and above the budgetary allocation
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.