Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.
10,763.65156.3
Stock Analysis, IPO, Mutual Funds, Bonds & More
GIFT SEZ provides approval to 28 entities

The Development Commissioner of GIFT SEZ along with GIFT SEZ authorities met up with all the members of unit approval committee via teleconference. All the application documents and the details were submitted online by the units, with the entire agenda prepared and circulated online to all the committee members.

NHAI to rank highways to ensure high quality roads

"In its effort to improve the quality of roads, NHAI has decided to undertake performance assessment and ranking of the highways in the country," NHAI said in a statement.

Highways ministry ups border roads upkeep funds by 4 times

In a significant ramp up in the context of the ongoing border standoff with China, the road transport and highways ministry has increased four-fold the allocation for maintenance of border roads managed by the Border Road Organisation (BRO) from Rs 30 crore to Rs 120 crore for this year.

Centre approves Rs 574 crore annual plan for NH works in J-K

The major works incorporated in the approved annual plan included construction of 3.23 km three fly-overs in Srinagar on NH-44 (Jammu-Srinagar highway) at Bemina, Sanatnagar and Nowgam with Rs 220.68 crore, the spokesman said.

Irdai examining feasibility of insurers offering surety bonds for road contracts

In the wake of the COVID-19 pandemic and its subsequent economic impact on liquidity and cash-flows in the Indian banking sector, the Ministry of Road Transport and Highways (MoRTH) had requested the regulator to examine possible offering of surety bonds by the general insurance companies.

Work to begin shortly on Zojila tunnel: Gadkari

Addressing a video interaction on 'Employment Opportunities by Ministry of MSME, Constraints and Problems faced by J&K Youth,' the minister also said a new express highway was being built to connect Delhi with Amritsar and Katra which will cut travel time between Delhi and Amritsar to four hours at an average speed of 110-120 km per hour.

India to ban Chinese cos from highway projects: Nitin Gadkari

India will not allow Chinese companies to participate in highway projects, including those through joint ventures, Union Minister Nitin Gadkari said on Wednesday amid border standoff with China.

India to ban Chinese cos from highway projects, says Nitin Gadkari

The Road Transport, Highways and MSME minister said a policy will be out soon banning Chinese firms and relaxing norms for Indian companies to expand their eligibility criteria for participation in highway projects. Currently only a few projects which were undertaken much earlier involve some Chinese partners.

Government approves additional Rs 1,691 crore for highway works in J&K, Uttarakhand for 2020-21

A total of Rs 340 crore ceiling has been approved for Uttarakhand for national highways, according to the communication dated June 24. In addition, it has also given nod for additional sanction of Rs 71 crore for highway works by the state's Public Works Department in Jammu & Kashmir, Ladakh, Sikkim and Tamil Nadu.

International status to Kushinagar Airport will boost development in Purvanchal: UP CM Yogi

The union cabinet on Wednesday granted international status to Kushinagar Airport , which along with the Jewar International Airport coming up in Noida, will ensure international air connectivity in both the eastern as well as western regions of the state and the NCR region.

Local over foreign: Govt likely to cancel Chinese firm's bids for Delhi-Mumbai expressway

Local over foreign: Govt likely to cancel Chinese firm's bids for Delhi-Mumbai expressway

The three projects in question are to be built on the engineering procurement construction (EPC) mode – they are government funded but executed by private developers. Bids for these projects were received in March this year.

Integrated approach to transportation, agri-diversification needed to boost economy: Nitin Gadkari

Integrated approach to transportation, agri-diversification needed to boost economy: Nitin Gadkari

Addressing a webinar on 'India Roadmap on Low Carbon and Sustainable Mobility' conducted by industry body Ficci, Gadkari said, "We need to think about an integrated approach towards transportation system.

Chinese bids in infra projects may face stricter scrutiny

Chinese bids in infra projects may face stricter scrutiny

Border hostilities could invite tighter scrutiny of bids by Chinese companies for key infrastructure projects.

IRB Infra raises Rs 6,600 crore loan from SBI and Union Bank of India in the largest debt tie-up for a single project

IRB Infra raises Rs 6,600 crore loan from SBI and Union Bank of India in the largest debt tie-up for a single project

The loan would be of a nine-year tenor at 8-8.5%, deemed to be finely priced taking into account the economic uncertainties. Out of the Rs 6,600 crore debt syndication, SBI will likely lend about three-fourths.

NHAI settles arbitration claims worth over Rs 13,000 crore through conciliation

NHAI settles arbitration claims worth over Rs 13,000 crore through conciliation

“Till Now, 108 cases have been referred to CCIE and claims worth Rs, 13,349 crore have been successfully settled for an amount of Rs. 3,743 crore,” the ministry of road transport and highways said on Wednesday.

Road projects have to be built on EPC mode, response on PPP tepid: Nitin Gadkari

Road projects have to be built on EPC mode, response on PPP tepid: Nitin Gadkari

The government should opt for building projects on EPC mode, and monetising them, instead of depending on the private sector to bring funds, which delays these projects, he said.

Load More...

Other useful Links


Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service

BACK TO TOP