Nhai

NHAI arm DMEDL raises Rs 775 crore through issuance of green bonds

DME Development Limited (DMEDL), an arm of NHAI, has raised Rs 775 crore through issuance of green bonds in roads and highways sector, an official statement said on Monday. The proceeds from the issue of 'green bonds' has been used for activities such as expenditure on avenue plantation, median plantation, construction of animal underpasses, natural stormwater drainage, streetlight on renewable energy (solar), waste recycling and reuse and rainwater harvesting, the statement said. "DMEDL today successfully raised Rs 775 crore from the first of its kind issue of 'green bonds' in roads and highways sector," the Ministry of Road, Transport and Highways said. NHAI Chairman Santosh Kumar Yadav said, "This first of its kind initiative for the roads and highway sector will set a benchmark and encourage participation from a diverse set of investors." N R V V M K Rajendra Kumar, Member (Finance), NHAI, and Chairman, DMEDL, said: "The robust demand for green bonds and successful issuance ...

NHAI to raise Rs 1,000 crore via green bonds for Delhi-Mumbai Expressway

DME Development aims to raise about Rs 48,000 crore from banks and financial markets through loans and bonds and has successfully raised around Rs 42,000 crore

Around 75 tunnel projects worth Rs 49,000 cr under construction: Gadkari

Around 75 tunnel NHAI projects entailing investment of Rs 49,000 crore are under construction in the country, Union Minister Nitin Gadkari said. Addressing the 'World Tunnel Day 2024 Conference on Safe & Sustainable Tunneling', the Minister for Road, Transport and Highways said that huge potential lies in the tunnel sector in India. "Our Prime Minister has a dream to make India the world's third-largest economy. For this target, we need to have an international standard of infrastructure in the country. Our government has given the highest priority for the development of good infrastructure in the country," Gadkari said. There is huge potential for tunnels. NHAI has completed 35 tunnel projects of 49 km in length costing Rs 20,000 crore, he said. Around 75 tunnel projects of 146 km in length are ongoing in the country at a cost of Rs 49,000 core, while 78 tunnels projects worth Rs 1.10 lakh crore are upcoming in the country which would cover a distance of 285 km, Gadkari ...

NHAI takes measures to counter reduced visibility due to foggy conditions

State-owned NHAI on Thursday said it has directed its field offices to take proactive mitigation measures to enhance visibility for the safety of National Highway users. NHAI in a statement said to enhance road safety during foggy conditions, mitigation efforts have been classified under two heads of 'engineering' and 'safety awareness' measures. The engineering measures include reinstalling missing/damaged road signs, rectifying faded or inadequate pavement markings, enhance visibility of safety devices by providing reflective markers, median markers, etc., providing transverse bar markings in habitations and accident-prone locations, providing solar blinkers on the median openings and replacement of damaged hazard markers signs at diverging and merging locations. The safety awareness measures underline incorporating steps to alert highway users of the reduced visibility conditions. These measures include use of variable message signs (VMS) or electronic signages to display foggy

Ashoka Buildcon receives LOA for Nhai project worth Rs 1,391 crore

The company was declared as the lowest bidder (L-1) during the bidding procedures for the project

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

Himachal govt sent proposal to Centre to build 5 new NHs in state: Minister

The Himachal Pradesh government has sent a proposal to the Centre seeking approval for five new national highways in the state, Public Works and Urban Development Minister Vikramaditya Singh said on Friday. Addressing a press conference here after holding a review meeting of his department, Singh said the construction of these proposed national highways will accelerate development in the hill state. "Efforts will be made to expedite the process by meeting Union Highways and Road Transport Minister Nitin Gadkari," Singh said, as he expressed hope that the Centre will give its nod to the proposals soon. During the tenure of the previous BJP government in Himachal, 69 national highways were announced but none of those announcements saw the light of the day, Singh claimed. The Congress leader also said that a provision should be made to keep aside 25-30 per cent budget amount for all new projects so that development work can proceed uninterrupted. Claiming that foundation stones for m

Centre allocates 20 cr for Mandi-Kullu road development: Vikramaditya Singh

Himachal Pradesh minister Vikramaditya Singh on Thursday said leaders should rise above party politics and work for the development of the state and cited a AB Vajpayee anecdote to make his case. Singh, who celebrated his birthday with workers at the Congress office in Shimla, told reporters, "I have been informed that the state is getting about Rs 20 crore more from the Centre for roads." The Public Works Minister said the state government has tried to prioritise welfare of the state at the top and sought assistance from the Union government for it. Singh shared an anecdote from the time when his father and Congress leader Virbhadra Singh was the chief minister in Himachal in 2003 and BJP leader A B Vajpayee was the prime minister. "Vajpayee once said that he does not share the ideology of Virbhadra Singh ji but said 'he is my personal friend' and gave Rs 500 crore to Himachal," the PWD minister said. "What I mean to say is that we should rise above petty politics and work for th

Rising order inflows, execution to help road infrastructure companies

Execution is likely to improve sharply in H2FY25 after some pickup in Q2FY25. Only 95 kilometres (km) of projects were awarded in Q1FY25 versus a full-year target of 5,000 kilometres

NHAI to track 100 toll plazas with GIS-based software for seamless traffic

State-owned NHAI will track around 100 toll plazas with GIS-based software for seamless movement of traffic at national highways, an official statement said on Monday. According to the statement, these toll plazas have been identified based on congestion feedback received through 1,033 national highway helpline. The live monitoring and tracking system will provide congestion alerts and lane distribution recommendations when the queue of vehicles at a toll plaza is more than the prescribed limit, it added. The monitoring service will be extended to more toll plazas in a phased manner. Apart from providing the name and location of the toll plaza, the statement said the software will share details related to the live status of queue length in meters, total waiting time and vehicle speed at toll plaza. It will also provide congestion alert and lane distribution recommendation, if the queue of vehicles at a toll plaza is more than the prescribed limit, the statement added. In addition

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 ...

NHAI ordered to do stability check of new Kali river bridge post collapse

Authorities in neighbouring Karnataka on Wednesday ordered the National Highways Authority of India (NHAI) to check stability of the new Kali river bridge after an old bridge on the water body collapsed. The old bridge on the river collapsed at around 1.30 am on Wednesday, resulted in heavy traffic on national highway no. 66 connecting Goa to Karnataka, officials said. A truck crossing the bridge at the time fell into the river. Local fishermen later rescued its driver, a police official from Karwar in Uttar Kannada district of Karnataka told PTI. The old bridge which collapsed was used for Goa-bound traffic after the construction of a new one a decade back, the official said. Uttar Kannada District Magistrate Lakshmi Priya K said it has been brought to the notice that the old Kali river bridge connecting Karwar and Sadashivgad collapsed at 1.30 am on Wednesday. She ordered the NHAI officials concerned to verify and report stability of the new Kali river bridge connecting Karwar a

Projects worth Rs 3 trn to be awarded by road ministry in 3 months: Gadkari

Road Transport and Highways Minister Nitin Gadkari on Thursday said his ministry will award road contracts worth Rs 3 lakh crore within three months and close the current financial year with contracts worth Rs 5 lakh crore. Addressing an event here, Gadkari said because of the Lok Sabha elections and the model code of conduct, the speed of awarding road projects was slow in the initial months of the current financial year. "I assure you, within three months, we will finalise the (road) contracts more than Rs 3 lakh crore, and our target is to award over Rs 5 lakh crore of (road) contracts by March 2025," he said. Gadkari noted that the road ministry has a lot of road projects in the pipeline, and raising funds for the projects will not be a problem, as NHAI has a very good reputation in the capital market. The minister said NHAI's present toll income is Rs 45,000 crore and in the next two years, it will go up to Rs 1.4 lakh crore. "We are monetising the road assets by which we are

NHAI not facing financial crises, pre-paid Rs 15,700 cr bank loan: Gadkari

The National Highway Authority of India (NHAI) is not facing any financial crises and has drawn up a plan to service its debt through improved inflows of toll revenue and asset monetisation, Parliament was informed on Thursday. In a written reply to the Lok Sabha, Union Road Transport and Highways Minister Nitin Gadkari said, "NHAI is not facing any financial crises which is evident from the fact that NHAI has pre-paid bank loan to the tune of Rs 15,700 crore through InvIT monetisation proceeds - Rs 6,350 crore in the last financial year and Rs 9,350 crore in July 2024," he added. NHAI's debt stands at Rs 3.35 lakh crore. Gadkari said the government has not mandated NHAI to raise funds since FY2023-24. "Thus, the debt reduction has started," he said. The minister also said that NHAI has drawn up a plan to service its debt through improved inflows of toll revenue and asset monetisation. "The amount raised through the InvIT mode is used exclusively for debt repayment," Gadkari ...

Beware! Incorrect FASTag placement doubles costs, risks car blacklisting

CCTV footage capturing the VRN at toll plazas will be recorded to ensure proper documentation of the fee charged and the vehicle's presence in the toll lane

NHAI to charge double toll from vehicles with non-affixed FASTag on front

NHAI said deliberate non-affixation of FASTag on the windscreen leads to unnecessary delays at the toll plazas causing inconvenience to fellow National Highway users

NHAI implements flood response plan amid above-normal monsoon forecast

Rainfall in July is expected to surpass 106 per cent of the long-period average, which serves as the standard measure, the India Meteorological Department (IMD) said

NHAI sets up dedicated cell to review DPRs of national highway projects

The cell will provide expert inputs and enable end-to-end monitoring of the DPR (detailed project report) for national highway projects

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

NHAI plans to offer 15 projects worth Rs 44,000 cr under BOT mode in FY25

State-owned NHAI is looking to offer 15 road projects worth Rs 44,000 crore covering 937 km during the current financial year under the Build-Operate-Transfer (BOT) mode. Earlier this year, Ministry of Road Transport and Highways (MoRTH) came out with a modified BOT project document to attract private companies for investments in the highways sector. These stretches include Guwahati Ring road including Brahmaputra Bridge in Assam (project cost Rs 5,500 crore), Kasarwadi-Rajgurunagar in Maharashtra (Rs 5,954 crore), Pune-Shirur road project in Maharashtra ( Rs 6,170 crore) and Armoor-Mancherial road project in Telangana (Rs 3,175 crore), among others. In BOT projects, private investors take the financing, building and operating a highway project over a concession period of 20-30 years. The developer then recoups investment through user charges or tolls. The changes in BOT projects introduced earlier this year include construction support to concessionaires to complete them on time a