Page 3 - Highway Projects

India to ban Chinese firms from highway projects, including JVs: Gadkari

Gadakri also said the government will ensure that Chinese investors are not entertained in various sectors like MSMEs

Govt approves additional Rs 1,691 cr for highway works in J&K, Uttarakhand

A total of Rs 340 crore ceiling has been approved for Uttarakhand for national highways, according to the communication dated June 24

UP govt set to launch Ganga Expressway project, to cost Rs 30,000 crore

In the backdrop of the large influx of migrants from other states, the state is expecting these mega projects to create local level jobs

Toll collection likely to decline 17% if lockdown extended, says CRISIL

Toll collection has restarted since, but there is unlikely to be a V-shaped revival in traffic after the lockdown ends - probably - on May 17. There will only be a gradual return to normalcy

Lockdown 2.0: Our targets for project award won't decline, says Gadkari

In an interview to Megha Manchanda, Union Road Transport and Highways Minister Nitin Gadkari says he is optimistic about the sector meeting its project execution target in a time-bound manner

Highway project awards decelerate to 6-yr low amid land acquisition delays

NHAI order book muted for next fiscal year due to land acquisition delay

Five firms exit highway projects as NHAI faces delay in land acquisition

It is learnt that the five companies have surrendered eight projects across various states

NHAI starts expanding funding avenues to secure finances for future

Our target is to reach out to investors in every segment, be it a large investor, or small, an NHAI official said

Steps being taken to complete Rs 5.72 trn highway projects on time: Gadkari

He said that currently, 1,407 projects involving 50,016 km of national highways was underway worth Rs 5.72 lakh crore

How 'national highway' status for roads is hurting govt's finances

Nomenclature leads to reduction in toll revenues for the existing highways

NHAI seeks Rs 25,000-cr additional budgetary support for highway projects

The NHAI has the approval to raise Rs 75,000 crore in borrowings during the current year, while the government support is Rs 36,691 crore

Waiver of earnest money deposit relief for mid-sized highway players: Icra

Central road implementation agencies seek 1% of contract value as bid bond guarantees

Funding options dry up for highway projects as they get lukewarm response

Under the TOT model, the concessionaire pays a one-time fee upfront, operates toll for 30 years

Govt releases Rs 193.16 cr fund for India-Myanmar-Thailand highway project

India is undertaking construction of two sections of the trilateral highway in Myanmar, that entails building 120.74 km Kalewa-Yagyi road section and constructing 69 bridges

Policy on cards to let firms exit highway projects easily: Road ministry

Whether firms will be allowed to exit five or 10 years before time is being discussed, the road ministry official said

Schedule lags in 107 highway projects; legacy issues for majority

Implementation capability of some aggressive bidders a possible factor

Centre to offer more highway projects on hybrid-annuity model next year

Optimism has returned after banks have regained an interest in financing such contracts

Highway developers worried over rising labour cost

The infrastructure sector is trying to address not only a financial crunch but also a shortage of skilled labour; labour costs in the sector have risen in three years by a little more than 50 per cent. According to the latest National Highways Construction Cost Index data, issued this June, the index for labour cost was at 185, compared to 110.2 in April 2014. Labour is eight to 10 per cent of road construction cost.Experts point to a higher thrust on infrastructure development, lack of skilled labour and government incentives to the rural population , where the major part of construction labour would come from. "Other costs have been quite stable for a long time; labour costs are increasing. The labour force at large has turned less needy, due to various government financial incentives and freebies," said K K Mohanty, managing director, Gammon Infrastructure and Projects."Demand is more than supply, with the increasing thrust on infrastructure. Also, costs have seen an increase for ..

Road and highways ministry planning jobs of 500 mn man-days in 4 years

Highway projects of NHAI will help in creating employment of estimated 50 crore man-days in the next four years, the road and highways ministry said today. "The ongoing and targeted projects of National Highways Authority of India (NHAI) would generate estimated employment of approximately 50 crore man days over the next four years on a seasonal basis," the Ministry of Road Transport & Highways said in a statement. NHAI is aiming to construct approximately 50,000 km highway over the next four years. "This would be averaging to nearly 12.5 crore man-days yearly from 2018-2022. Of this, about 1 crore will be professional man-days, 3.5 crore skilled labour man-days and 8 crore semi-skilled and un-skilled man days," the statement added. Seasonal employment opportunities would open up as execution of highways projects would desire professionals which are qualified as well as skilled and semi-skilled work force. NHAI has embarked upon an elaborate exercise for skill ...

Centre to give delayed highway projects a move on

Improvement in sector could be owing to quicker disbursement of compensation after land acquisition by the central govt: Officials