Work on Bundelkhand Expressway, Gorakhpur Link will cost Rs 14,500 crore and create 60,000 new jobs.
The NHAI plan to scrap projects stalled by tardy land acquisition would also help check escalation of costs
The 296-km Bundelkhand Expressway and the 91-km Gorakhpur Link Expressway are estimated to cost Rs 14,849 crore and Rs 5,876 crore
The revision or tweaking of documents for BOT becomes essential in the current scenario as the government moves the focus away from the HAM model
Gadkari said the government might raise funds by issuance of bonds and proposed an attractive rate of return of around 7.5-8 per cent
Many highway projects under the BOT and EPC mode are turning into NPAs due to heavy interest burden on account of delays in projects
The Road Transport and Highways Minister was addressing the media after the signing of an MoU between NHAI and NIIF
This financial year, allocation has been made to the NHAI for major works under the Bharatmala Pariyojana, entrusted to the organisation for execution
The focus on BOT means the project mix in highway construction will change from what it was in the past few years, when BOT formed 2-3 per cent of the mix
Gadkari said last week that a revenue-sharing model for these outlets could be worked out under which the road ministry earns Rs 1.25 on the sale of every litre of petrol and diesel from those outlets
NHAI is yet to set a timeline for fresh rounds of auction since the announcement of dates for general elections is likely to happen any time
Already, 137 road projects having an aggregate length of about 6,530 kms have been awarded and are in various stages of implementation
Lane-km to replace linear length method in line with international norms
A highway contract that earlier took 24 months for completion is being completed in about 14 months
Nitin Gadkari said government would continue with its focus on EPC because it helps contracting companies to increase liquidity
Nitin Gadkari met Manohar Parrikar to discuss issue of transfer of defence land for highways
Business Standard looks at how govt will revive investment in highways sector
Gadkari met the chairmen and managing directors of banks including ICICI Bank, HDFC Bank, SBI and Axis Bank
The National Highway-24 project has been delayed by at least five years
Mansukh Lal Mandaviya urges for greater public participation, especially of farmers, in development and maintenance of highways