Cube Highways Enters The Race For IL&FS’ Road Projects
Road developer Cube Highways, owned by global private equity fund I Squared Capital and Middle East sovereign fund Abu Dhabi investment Authority (ADIA)
Nitin Gadkari: Policy initiatives jack up highways award to 51,073 km, construction to 28,531 km
Major policy initiatives coupled with expeditious land acquisition resulted in highest ever award of 51,073 km of highways and construction of 28,531 km over the last four years, Union Minister Nitin Gadkari said today.
Cube Highways in talks for India’s longest road tunnel
Infrastructure company Cube Highways has begun talks with IL&FS Transportation Networks Ltd (ITNL) to acquire the latter’s 9.2-km Chenani-Nashri road tunnel project in Jammu & Kashmir, two people aware of the development said.
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.
NDA government built 73 pct more highways than UPA’s last 4 years
The Narendra Modi government has built around 73% more national highways in its first four years till 2017-18 compared with the last four years’ in office of the previous UPA dispensation beginning 2010-11.
Narendra Modi Inaugurates Rs11,000 Crore Eastern Peripheral Expressway
Asserting that infrastructure is a key priority of his government, Prime Minister Narendra Modi on Sunday said Rs3 lakh crore (Rs3 trillion) has been spent on laying a network of 28,000 km of highways.
Gadkari To Inaugurate 2 National Highways In Punjab On May 14
Minister for Road Transport, Highways, Shipping, Water Resources and Ganga Rejuvenation Nitin Gadkari will inaugurate the upgraded 4-lane NH-15 from Amritsar to Bhatinda and NH-64 from Zirakpur to Bhatinda in Punjab on Monday.
Highway Construction Hits Record 10,000 Km In FY18
Construction of national highways in India hit a record 10,000 km in the year ended March 31 after the government stepped up the pace of implementation and awarding contracts.
Governance: Three-fold Spike In Land Costs Over Five Years Puts Brakes On Highway Development
A 300 per cent surge in land acquisition costs over the last five years, up from Rs 0.8crore per hectare in FY13 to Rs 3.20 crore during the first nine months of FY18, has impacted new projects in the country’s highways sector — one of the few infrastructure success stories under the NDA government.
Mitsubishi-Led Japanese Consortium To Pick 20% In Cube Highways
A Mitsubishi Corporation-led Japanese consortium has agreed to acquire 20% interest in Cube Highways and Infrastructure Private Ltd, for an estimated Rs 2,500 crore.
