NHAI to float bids for monetising 10 national highway projects by April
The move follows the government's decision in August last year authorising the NHAI to monetise public-funded highway projects in the country.
Monetisation of 75 projects will fetch funding for national highway execution: ICRA
The agency cautions that unlikely to meet the award and execution target for 2016-17 but added that the road sector has witnessed resurgence in recent quarters due to several policy initiatives, which is credit positive.
View: The upcoming Budget and other moves will bring the economy back on track
It is time for commentators on the economy to offer their wish lists of reforms to the finance minister.
NHAI to offer risk cover to woo investors for toll roads’ auction
NHAI is also proposing a third party engineering audit of the projects before they are bid out, process for leasing out projects would be started soon.
Top Canadian funds like Brookfield Asset Management, CDPQ and PSP Investments drawn to India’s highway projects
The ministry expects about Rs 70,000 crore in upfront payment from this process and plans to use the funds to meet its target of laying 15,000 km of national highways in the current fiscal.
NHAI to monetise 40 projects in 1st phase, eyes Rs 20,000 crore
NHAI is hopeful that as soon as it launches the scheme there will be a sufficient number of takers, he said adding, this would be good in the overall interest.
India to seek US cooperation for modernising infrastructure
On his maiden visit in his capacity as Union Minister of Road Transport, Highways and Shipping, Gadkari will meet Secretary of Transportation Anthony Foxx tomorrow.
Roads ministry targets laying over 40 km of roads every day in 2016-17
NHAI’s target has been fixed at 8,000 kilometre while the target for National Highways and Industrial development Corporation is 7,000 km.
Budget 2016: Road ministry to seek Rs 50,000-crore soft loan from LIC for expressways
The road ministry plans to tap funds from Life Insurance Corporation of India, to undertake its ambitious expressways development programme.
Big infra boost: Abu Dhabi keen to invest Rs 35,000 crore on 50 Indian highway projects
Under the TOT model, roads already built by the National Highways Authority of India (NHAI) are awarded to the private sector in lieu of an upfront fee.
Grant Thornton emerges as new challenger to Big Four
Even after regulatory action on the firms after a number of scams, the Big Four – EY, Deloitte, KPMG and PwC – dominate the audit space, handling 26% of the total assignments between them.
Market Movers: What changed for D-Street while you were sleeping
Domestic stocks look headed for some turbuence amid these weak global cues.
Vedanta's Lanjigarh Rehabilitation colony hailed as a model
Apart from its neat layout, what is impressive is the provision of primary schooling and medical facility within the campus itself.
SBI Macquarie buys 74% stake in Trichy Tollway for Rs 275 crore
India's road sector is abuzz with talks of mergers and acquisition, with smaller and more aggressive bidders piling up orders.
Bharatmala project: Here’s how one of Union government’s key infrastructure program has progressed
The total length of roads approved in the phase I roll out of the project is around 34,000 km which is approximated to be completed with an expenditure of Rs 5,35,000 crore.
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