Business Standard

Sunday, December 22, 2024 | 11:47 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Highways

80 lakh tonnes of waste reused, green hydrogen key to energy goals: Gadkari

Nitin Gadkari mentioned that the transport sector accounts for about 40 per cent of India's air pollution and outlined various initiatives to address the issue

80 lakh tonnes of waste reused, green hydrogen key to energy goals: Gadkari
Updated On : 13 Dec 2024 | 5:55 PM IST

Highways: Uttar Pradesh's path to become the first $1 trillion state

Since Adityanath took office in March 2017, various expressway projects - either commissioned or still under construction - have a total outlay of Rs 80,000 crore

Highways: Uttar Pradesh's path to become the first $1 trillion state
Updated On : 29 Nov 2024 | 6:33 AM IST

'Govt collected Rs 1.44 trn toll at highway plazas under PPP since 2000'

The government has collected Rs 1.44 lakh crore as toll tax at fee plazas presently operational under Public Private Partnerships (PPP) model on National Highways since December 2000, Parliament was informed on Thursday. In a written reply to a question in the Lok Sabha, road transport and highways minister Nitin Gadkari said all user fee plazas on National Highways are established as per the provision of National Highways Fee (Determination of Rates and Collection) Rules, 2008 and the respective Concession Agreement. "Amount of 1.44 lakh crore rupees have been collected as user fee at fee plazas presently operational under Public Private Partnerships (PPP) model on National Highways since December, 2000," he said. Replying to a separate question, Gadkari said the government has initiated the implementation of barrier-free tolling using available technology based electronic toll collection (ETC) system as an added facility along with FASTag. The minister said presently, Global ...

'Govt collected Rs 1.44 trn toll at highway plazas under PPP since 2000'
Updated On : 28 Nov 2024 | 4:32 PM IST

PNC Infratech gets NHAI nod to transfer 100% stake in road assets to HIT

Earlier, during its annual general meeting on September 28, 2024, the company had approved the sale of 12 road assets

PNC Infratech gets NHAI nod to transfer 100% stake in road assets to HIT
Updated On : 22 Nov 2024 | 11:22 AM IST

UP allocates Rs 892.7 cr to resume delayed Chilla elevated road project

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

UP allocates Rs 892.7 cr to resume delayed Chilla elevated road project
Updated On : 04 Oct 2024 | 3:19 PM IST

We will not spare you: Gadkari fumes at poor upkeep of EPE, warns operators

Union Road Transport and Highways Minister Nitin Gadkari on Tuesday came down heavily on agencies and contractors over ill-maintained roads, saying good operators would be awarded but bad ones would be "driven out of the system". "We will not spare you. We'll ensure that bank guarantees of those doing bad work are forfeited and after this, we will blacklist you, not allow you to apply for new tenders," the minister said. His warning came after he noticed the bad maintenance of the Eastern Peripheral Expressway that he took to reach Ghaziabad to inaugurate a tree plantation drive 'Ek Ped Maa Ke Naam' under the 'Swachhata Hi Seva 2024 - Swabhav Swachhata - Sanskar Swachhata' campaign. During his address, the minister highlighted the strides in development made under the government, the ministry and the National Highway Authority of India, citing data, expenditures and the future vision for the sector. He also emphasised the need for pro-environment policies and initiatives like ...

We will not spare you: Gadkari fumes at poor upkeep of EPE, warns operators
Updated On : 17 Sep 2024 | 11:35 PM IST

Govt constitutes experts panel for technical review of tunnel projects

The Ministry of Road Transport and Highways has constituted a panel of experts for the technical review of tunnel projects on National Highways. According to a communication by the ministry, the panel comprises experts from ONGC, RVNL and THIDCL for tendering expert advice during the appraisal of long tunnel (length of more than 1.5 km) projects. Proposals for long tunnel projects (length of more than 1.5 km) on NHs must be submitted to the Director General (Road Development) for technical review and obtaining expert advice from an advisory panel well before submitting the proposal for appraisal of Public Private Partnership Appraisal Committee (PPPAC) and Standing Finance Committee (SFC), it stated. In the communication to states, NHAI and National Highway Infrastructure Development Corporation, among others, the ministry stated that the proposal must include details of geological studies, alignment report, design of tunnels, safety measures during operations along with cost ...

Govt constitutes experts panel for technical review of tunnel projects
Updated On : 06 Sep 2024 | 8:17 PM IST

Single bid for national highway projects will be acceptable: Morth

Ministry of Road Transport and Highways (MoRTH) on Wednesday said that even a single bid for national highways work will be considered if it is reasonable. As per the circular, the bidding process will not be cancelled if there is only one bidder for a highway project. "Even when only one bid is submitted, the process should be considered valid, provided the procurement was satisfactory advertised and sufficient time was given for submission of bids, the qualification criteria were not restrictive and prices are reasonable in comparison to market value, " it said. Regarding reasonableness of the prices, the circular said the evaluation committee may examine the rates taking into consideration the comparison with the similar contracts awarded elsewhere. The purchase price of similar contracts may be updated taking into consideration inflation during the interim period, geographical conditions etc, it added. The circular said the purchase price of similar contracts may also be ...

Single bid for national highway projects will be acceptable: Morth
Updated On : 29 Aug 2024 | 1:24 AM IST

RBI alters rules to allow e-mandate for auto-replenishment of FASTag, NCMC

The Reserve Bank on Thursday modified its e-mandate framework and allowed auto-replenishment of FASTag and National Common Mobility Card (NCMC). The current e-mandate framework requires a pre-debit notification at least a 24-hours before the actual debit from the customer's account. In June, the RBI announced that auto-replenishment of balances in FASTag and NCMC, which are recurring in nature but without any fixed periodicity, would be facilitated under the e-mandate framework. "It has been decided to include auto-replenishment of FASTag and NCMC, as and when the balance falls below a threshold set by the customer, under the e-mandate framework," the RBI said in a circular. Payments for auto-replenishment, since they are recurring in nature but without any fixed periodicity, will be exempt from the requirement of pre-debit notification, it added.

RBI alters rules to allow e-mandate for auto-replenishment of FASTag, NCMC
Updated On : 22 Aug 2024 | 8:08 PM IST

Cabinet approves 8 high-speed road corridor projects worth Rs 50,655 crore

The Union Cabinet on Friday approved eight important national High-Speed Road Corridor Projects of length 936 km entailing a total cost of Rs 50,655 crore to improve logistics efficiency and enhance connectivity across the country, an official statement said. The implementation of these 8 projects will generate an estimated 4.42 crore mandays of direct and indirect employment, it said. The projects include- 6-Lane Agra-Gwalior National High-Speed Corridor, 4-Lane Kharagpur - Moregram National High-Speed Corridor, 6-Lane Tharad - Deesa - Mehsana - Ahmedabad National High-Speed Corridor, 4-lane Ayodhya Ring Road, 4-Lane Section between Pathalgaon and Gumla of Raipur-Ranchi National Highspeed Corridor, and 6-Lane Kanpur Ring Road.

Cabinet approves 8 high-speed road corridor projects worth Rs 50,655 crore
Updated On : 03 Aug 2024 | 12:30 AM IST

Israeli protesters block highways, demand ceasefire to bring back hostages

Marking nine months since the war in Gaza started, Israeli protesters blocked highways across the country on Sunday, calling on Prime Minister Benjamin Netanyahu to step down and pushing for a cease-fire that could bring back hostages held by Hamas. The demonstrations come as international mediators have renewed efforts to broker a deal, with Hamas over the weekend appearing to have dropped a key demand for an Israeli commitment to end the war, according to Egyptian and Hamas officials who spoke to The Associated Press. This could deliver the first pause in fighting since November and set the stage for further talks. The war, triggered by the Palestinian militant group following a cross-border attack on October 7, saw 1,200 people killed and 250 others taken hostage. A retaliatory Israeli air and ground offensive has killed over 38,000 Palestinians, according to the territory's Health Ministry, which does not distinguish between combatants and civilians in its count. The war has ...

Israeli protesters block highways, demand ceasefire to bring back hostages
Updated On : 07 Jul 2024 | 8:04 PM IST

Budget 2024-25: Highway capital expenditure may rise up to 10%

Experts understand it as reasonable, given the high base the highway budget is operating on due to back-to-back bumper hikes in the previous two financial years

Budget 2024-25: Highway capital expenditure may rise up to 10%
Updated On : 21 Jun 2024 | 11:39 PM IST

Budget 2024: Capex momentum for developing highways likely to continue

Focus will be on the quality of work done and not just the length of highways built, say senior govt officials

Budget 2024: Capex momentum for developing highways likely to continue
Updated On : 21 Jun 2024 | 11:31 AM IST

NHAI increases highway tolls across the country by an average of 5%

Motorists using expressways will have to shell out more from Monday as the National Highways Authority of India (NHAI) has decided to hike tolls across the country by an average of 5 per cent. The annual revision of highway user fee, which is expected to be in the range of average 5 per cent, was earlier to come into effect on April 1. But the hike was deferred due to the Lok Sabha elections. "The new user fee will come into effect from 3.6.2024," a senior NHAI official said on Sunday. The change in toll fee is part of an annual exercise to revise the rates that are linked to the changes in the wholesale price index (CPI)-based inflation. There are around 855 user fee plazas on the national highway network on which user fee is levied as per the National Highways Fee (Determination of Rates and Collection) Rules, 2008. Out of these, around 675 are public-funded fee plazas and 180 are operated by concessionaires.

NHAI increases highway tolls across the country by an average of 5%
Updated On : 02 Jun 2024 | 8:56 PM IST

Uttar Pradesh govt to invest Rs 45K crore to accelerate cargo movement

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

Uttar Pradesh govt to invest Rs 45K crore to accelerate cargo movement
Updated On : 06 May 2024 | 8:23 PM IST

Road execution likely to dip by up to 10% in FY25, says CareEdge

"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

Road execution likely to dip by up to 10% in FY25, says CareEdge
Updated On : 30 Apr 2024 | 5:50 PM IST

Morth builds over 12,000 km of highways in FY24, 2nd highest so far

The Road Transport and Highways Ministry constructed 12,349 km of national highways in 2023-24, the second highest in its history, a senior government official said on Tuesday. Previously, the Ministry of Road Transport and Highways (MoRTH) had constructed a record 13,327 kilometres of national highways in 2020-21. National highways of 10,331 kilometres were constructed in 2022-23 against 10,457 kilometres in 2021-22. Highways of 10,237 kilometres were built in 2019-20. The official further said that the ministry awarded 8,581 national highway projects in 2023-24. The government has launched a pilot project to provide cashless treatment to road accident victims. Accident victims will be entitled to cashless treatment of up to Rs 1.5 lakh, the official said.

Morth builds over 12,000 km of highways in FY24, 2nd highest so far
Updated On : 09 Apr 2024 | 7:44 PM IST

Morth raises Rs 40,314 crore via asset monetisation in financial year 2024

The Ministry of Road Transport and Highways (MoRTH) has raised Rs 40,314 crore through various modes of asset monetisation in financial year 2023-24, against the target of Rs 28,968 crore, a senior government official said on Tuesday. The ministry had raised Rs 15,968 crore through monetisation of 4 toll-operate-transfer (TOT) bundles, Rs 15,700 crore through Infrastructure Investment Trust (InvIT) and Rs 8,646 crore through securitisation, the official told PTI. The ministry had raised Rs 32,855 crore in 2022-23 through various modes of asset monetisation. Currently, MoRTH monetises its assets under three different modes -- toll-operate-transfer (TOT) model, Infrastructure Investment Trust (InvIT) and project-based financing, in order to provide all categories of investors an opportunity to invest in assets pertaining to highways and associated infrastructure. Infrastructure Investment Trust (InvIT) is an instrument on the pattern of mutual funds, designed to pool money from ...

Morth raises Rs 40,314 crore via asset monetisation in financial year 2024
Updated On : 02 Apr 2024 | 4:16 PM IST

Nhai's 'One Vehicle, One FASTag' norm comes into force from April 1

State-owned National Highways Authority of India's 'One Vehicle, One FASTag' norm, which aims to discourage the use of single FASTag for multiple vehicles or linking multiple FASTags to a particular vehicle, has come into force from Monday, a senior official said. NHAI had extended the 'One Vehicle, One FASTag' initiative compliance deadline to March-end, in view of the problems being faced by Paytm FASTag users. "Multiple FASTags won't work... People who have multiple FASTags for one vehicle won't be able to use all of them from today (April 1)," the official told PTI. To enhance the efficiency of the electronic toll collection system and provide seamless movement at toll plazas, the NHAI has taken the 'One Vehicle, One FASTag' initiative that aims to discourage the use of single FASTag for multiple vehicles or linking multiple FASTags to a particular vehicle. Last month, the Reserve Bank of India (RBI) had advised customers as well as merchants of Paytm Payments Bank Ltd (PPBL) t

Nhai's 'One Vehicle, One FASTag' norm comes into force from April 1
Updated On : 01 Apr 2024 | 3:37 PM IST

Stricter norms: Govt tightens noose around scrapping facility regulations

Industrial zones are classified into red, orange, green, and white categories, determined by a pollution index score derived from factors such as emissions, effluents and hazardous waste generation

Stricter norms: Govt tightens noose around scrapping facility regulations
Updated On : 21 Mar 2024 | 11:08 PM IST