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Construction of the 5.9-kilometre, six-lane elevated road was initially conceived in 2012 to alleviate traffic congestion between Noida and Delhi. However, the project has faced many setbacks
The National Company Law Appellate Tribunal (NCLAT) has ordered an interim payment of 75 per cent of the total amount deposited in an escrow account to lenders of Baleshwar Kharagpur Expressway Limited (BKEL), promoted by IL&FS Transportation Networks Ltd (ITNL). Passing an order over the plea filed by the State Bank of India, NCLAT said it failed to see any reasonable grounds for not taking any decision by the Board for an interim distribution, as per the Concession Agreement and the Escrow Agreement. "Interim distribution shall be made to the lenders of 75 per cent of the amount lying in the escrow account as per the Escrow Agreement," said NCLAT in its order. The balance amount is to be used for operations, maintenance and other payments. However, it added: "Lenders shall also give an undertaking for a refund of the amount received, in the event ultimately, it is found that they were not entitled to the extent of the amount received by them." SBI had requested the NCLAT to ...
Maharashtra Chief Minister Eknath Shinde on Monday visited sites in Raigad district to review the pending work on the Mumbai-Goa Highway ahead of the Ganesh Chaturthi festival. The visit has come a week after Shiv Sena leader Ramdas Kadam called BJP leader and Maharashtra PWD Minister Ravindra Chavan a useless minister over the poor state of the highway. Talking to reporters, Shinde said, "We have used four types of advanced technology to repair potholes and damaged stretches of the highway. This will minimise inconvenience for people travelling to their villages in the coastal districts for the Ganesh Chaturthi festival." Officials of the NHAI, MSRDC, and PWD, among others, have conducted an in-depth study of the issues on this highway and devised effective solutions, he said. Shinde said, "Union Minister for Highways Gadkari took a keen interest in the highway and gave loans to contractors, but some of them ignored the work, and due to their lethargy, we have to face this precari
The objective of the appointment is to streamline the awarding and construction processes for highways by improving land acquisition procedures, according to a report
Highway ministry said it has deliberated on 100-day plan for new government
These projects encompass bridges and over-bridges across the 75 districts of the state. Of the proposed Rs 45,000 cr, the public works department (PWD) will spend nearly Rs 34,000 cr, or 75 per cent
"Of the total awards of 12,300 kilometres by the National Highways Authority of India in FY22 and FY23, 20 per cent continue to await an appointed date for more than one year," CareEdge said
Construction of highways in February stood at 1430 km in February, which is higher than the 1260 km it had achieved in February 2023, but shy of what the Centre had expected
Union Minister Nitin Gadkari on Tuesday said the Centre has sanctioned an allocation of Rs 6,621.62 crore for construction of the ambitious frontier highway in Arunachal Pradesh. The allocation has been made for the construction of eight packages on National Highway 913 (Frontier Highway), transitioning to an intermediate lane configuration using the EPC mode, the minister said. The project spans a total length of 265.49 kilometres. Encompassed within this initiative are packages 1, 3 and 5 covering the Huri-Taliha section, two packages addressing the Bile-Migging section, packages 2 and 4 managing the Kharsang-Miao-Gandhigram-Vijaynagar section, and package 1 focusing on the Bomdila-Nafra-Lada section, the transport minister said. The development of these highway stretches holds promise for enhanced connectivity to border areas, fostering socio-economic growth in the state, he said. The construction of the frontier highway is anticipated to curb migration and facilitate reverse .
Road Secretary Anurag Jain says capacity augmentation, lane widening will touch a record high in FY24
Centre has awarded only 3,481 km of projects in FY24 which is nearly 60% lower than last year and 35% of its target
The Centre has sanctioned Rs 1,782 crore for construction of a strategic road project in Arunachal Pradesh, Union Minister of Road Transport and Highways Nitin Gadkari said on Wednesday. The ministry sanctioned the project for the construction of the 82-kilometre-long greenfield road from Pango to Jorging in Upper Siang district of the northeastern state. The project would encompass package-1 and II, Gadkari said on X. "The proposed project aims to ensure seamless and secure traffic flow, establishing year-round connectivity to the villages in the region, thereby catalyzing socio-economic development in the hilly areas of the district", the minister said. The strategically crucial road will substantially reduce travel time for security forces, enhancing their efficiency in reaching border areas, Gadkari added. Arunachal Pradesh Chief Minister Pema Khandu has expressed his delight over the development. Khandu said that under the leadership of Prime Minister Narendra Modi, there is
The Centre had decided to make major rejigs in the BOT concession amid tepid interest from private players for the asset monetisation model
Launched in October 2017, Bharatmala Pariyojana aimed to develop 74,942 kms of national highways with an investment of Rs 5.35 trillion
The Ministry of Road Transport and Highways (MoRTH) is confident of achieving the highways construction target of 13,814 kilometres for the current fiscal, its secretary Anurag Jain said on Friday. Addressing a press conference, Jain further said the total length of national highways in India increased 60 per cent to 1,46,145 km till December 2023, from 91,287 km in 2014, since the Narendra Modi government came into power. "The pace of highway construction in 2023-24 so far has been better than last year, and we are confident of achieving the 13,814-km highway construction target during the current fiscal," he said. Up to December 31, 2023, the ministry has built 6,217 km of national highway, higher than last year's 5,774 km for the same period. According to him, the government is planning to award 10,000 km of national highway projects in 2023-24. Jain also said that the government has asked companies to prepare detailed project reports (DPR) for unawarded identified projects to
Draft policy by Ministry of Road Transport & Highways seeks to integrate Swachh Bharat Mission 2.0 with National Highway construction
With an estimated cost of Rs. 17,843 crore, the MTHL project is managed by the Mumbai Metropolitan Region Development Authority and has neared 97% completion
After a portion of the tunnel caved in on November 12 in Uttarakhand, the debris falling in the 60-metre stretch on the Silkyara side of the tunnel trapped 41 labourers inside
Buoyed by improving highway infrastructure, demand for buses has grown by more than 35%. Overcrowded trains are also adding to the growing road-based transport
The project cost under the Bharatmala Pariyojana (BMP) programme has more than doubled to Rs 10.64 lakh crore owing to the steep rise in input costs and an increase in land acquisition costs, rating agency ICRA said on Monday. Bharatmala Pariyojana is the largest highway infrastructure programme in India which aims at the development of 34,800 kilometres of national highway corridors at an investment of Rs 5.35 lakh crore. "Pending the cabinet approval for the revised cost of Bharatmala Phase-l, project awarding activity in the recent quarters took a beating, declining by 48 per cent YoY to 2,595 km during 7mFY2024 compared to 5,007 km during 7mFY2023," it said. The figures are for the first seven months of this fiscal compared to the year-ago period. ICRA said it expects the awarding activity to contract over 30 per cent YoY (Year-on-Year) in FY2024. Giving more insights, ICRA VP & Co-Group Head Ashish Modani said almost 95 per cent of the road awards by the Ministry of Roads ..