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NHAI soon to rank roads, economic corridors for safety, better mobility
Posted on 18th May 2018
With the aim of providing safe and better mobility to commuters, the National Highways Authority of India (NHAI) will soon start ranking roads periodically on various parameters, including safety management.

Projects on marquee economic corridors of Delhi-Vadodara, Agra-Mumbai and Mumbai-Kolkata will be audited first and once the success rate of the gradation exercise is established, it will be extended to other highway contracts.

Small developers grab nearly half of NHAI’s road contracts in FY18
Posted on 14th May 2018
Mumbai: Smaller developers won nearly half of all road-building contracts given out by the National Highways Authority of India in 2017-18, NHAI data compiled by investment bank Equirus Securities showed.

The biggest contract winners were large companies such as Dilip Buildcon Ltd (Rs18,770 crore), IRB Infrastructure Developers Ltd (Rs8,900 crore) and Ashoka Buildcon Ltd (Rs5,500 crore).

SC directs NHAI to open Eastern Peripheral Expressway before May 31
Posted on 10th May 2018
NEW DELHI: The Supreme Court today directed the National Highways Authority Of India (NHAI) to ensure that the newly constructed Eastern Peripheral Expressway, which is aimed at decongesting Delhi, is inaugurated on or before May 31.

The apex court took exception to the 135-km Expressway, which envisages signal-free connectivity between Ghaziabad, Faridabad, Gautam Budh Nagar (Greater Noida) and Palwal, not being thrown open to the public despite being informed earlier that it would be inaugurated by April 20.

Finance ministry halts NHAI’s plan to float InVITs
Posted on 26th April 2018
New Delhi: The National Highways Authority of India’s (NHAI’s) plan to float infrastructure investment trusts, or InvITs, to raise money from the market for its ambitious Rs5.97 trillion Bharatmala project has been halted in its tracks by the finance ministry.

The authority has been asked to wait till other central public sector enterprises (CPSE) issue their InvITs.

NHAI starts Rs 250 bn MTN programme on India INX's Global Securities Market
Posted on 5th April 2018
National Highways Authority of India has established its Rs 250 billion Medium Term Note (MTN) programme on India INX’s Global Securities Market. India INX is a wholly-owned subsidiary of BSE Ltd and its Global Securities Market platform offers fundraising framework from global investors on a par with other international venues. Since its launch in January 2018, Indian issuers have established programs of $21 billion on this new platform.

Highway construction grew 20 pct in 2017-18
Posted on 4th April 2018
Construction of highways hit 27 km/day in 2017-18, clocking a 20% growth over the 22.5 km/day in the previous fiscal, though the improved rate is a far cry from the government’s target to build roads at a scorching pace of 41 km/day.

Highway construction has been a priority for the Modi government. When the new dispensation took over in May 2014, the construction rate was at 11.67 km per day.

NHAI awards Rs 13.95 billion contract for widening highways in Karnataka
Posted on 23rd March 2018
NHAI has awarded two projects worth Rs 13.95 billion in Karnataka to Ashoka Concessions and Dilip Buildcon for widening of stretches of NH 4A, an official statement said today.

The four-laning of Belgaum-Khanapur Section of about 30 km has been awarded to Ashoka Concessions on Hybrid Annuity Mode at a cost of Rs 8.92 billion, it said.

Highways authority plans equity funding mechanism
Posted on 19th March 2018
New Delhi: The National Highways Authority of India (NHAI) is working on an equity-funding model for its upcoming expressway and economic corridor projects, auctioning them before they are built. The idea, a first for the state-run authority, comes after the success of the authority’s toll-operate-transfer (ToT) model.

The model will be tried for NHAI’s greenfield expressway projects under the Rs5.35 trillion-Bharatmala programme where 34,800km of national highways will be developed.

Dilip Buildcon bags Rs 770 crore road project from NHAI
Posted on 9th March 2018
Highway developer Dilip Buildcon (DBL) today said it has bagged a road project worth Rs 770.04 crore in Uttar Pradesh from NHAI.

"The company has been declared L-1 bidder by the National Highways Authority of India (NHAI) for a new engineering, procurement and construction (EPC) project in Uttar Pradesh," Dilip Buildcon said in a BSE filing.

NHAI seeks to auction 1,720km of highways
Posted on 20th February 2018
New Delhi: Enthused by investors’ response to its toll-operate-transfer (TOT) model, aimed at monetizing India’s publicly funded highways, state-run National Highways Authority of India (NHAI) is planning to auction toll collection for road length totalling around 1,720km. The auction is expected to fetch the government around Rs15,000 crore, said a person aware of the development requesting anonymity.

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