There are nine highway stretches of 566.27 km in TOT Bundle-3 in states of Uttar Pradesh, Bihar, Jharkhand and Tamil Nadu.
The committee of creditors of Jaypee Infratech had rejected a resolution plan by state-owned construction firm NBCC with lenders unanimously voting against the plan.
The construction of these roads would be completed by 2024-25, Tomar, who holds the portfolios of agriculture and rural development, told the Lok Sabha.
Union Tourism Minister Prahlad Singh Patel said during Question Hour that the initiative has been taken under the Swadesh Darshan Scheme.
NHAI is working on a mechanism to share gains in land value on account of upgradation of highways.
PPP in construction will also take place, but more emphasis will be laid on hybrid models.
Here is a closer look at why the Yamuna Expressway continues to remain accident-prone and deadly.
Modi government is all set to lease out assets and open up sectors such as the railways, oil and mining.
In a cabinet meeting, chaired by Prime Minister Narendra Modi, the launch of Phase-3 of the Centre's flagship rural road scheme Pradhan Mantri Gram Sadak Yojana (PMGSY) was approved, the government said in a statement.
NIIF on Monday signed an MoU with the NHAI to form a SPV to execute fund arrangement for large sized road projects, particularly green field, which will be executed by NHAI.
The budget shows intention to follow fiscal consolidation path by reducing fiscal deficit estimate to 3.3% for FY20 and 3% for the next two years thereafter.
UD Choubey, DG, SCOPE said the public sector enterprises will have a greater onus in fulfilling Budget commitments in infrastructure sector
Sitharaman said infrastructure financing needs have been estimated at around Rs 20 lakh crore (USD 300 billion) a year.
Sitharaman said that steps were taken to boost infrastructure in sectors like roads, waterways, metro and rail.
The minister said that by 2022, every single rural family except those who are unwilling to take the connection will have an electricity and a clean cooking facility.
She also noted that the government has allocated Rs 350 crore towards interest subvention for MSMEs for 2019-20.
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