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