The development comes after report that the ministry is now pushing for individual road projects after its flagship scheme Bharatmala has been put on backburner
Union Road Transport and Highways Minister Nitin Gadkari in a series of posts on X said the comprehensive project spans a total length of 265.49 km.
This initiative spans a total length of 92.40 km, Union Road Transport and Highways minister Nitin Gadkari said in a post on X.
The Ministry of Road Transport and Highways in a circular said due to infrastructure related issues in Sarathi portal from January 31, 2024 to February 12, 2024, applicants have faced disruptions in availing license related services.
The policy also deals with basic issues such as whether municipal corporations or councils are to be given incentives for providing solid waste and investment in segregation plants.
Alka Upadhyaya, Secretary, MoRTH, said Rs 10,000 crore is planned to be raised through Infrastructure Investment Trusts (InvITs) mode in FY 2023-24.
Surety bonds are different from corporate bonds and financial guarantees. While surety bonds refer to the performance or delivery obligation to complete the insured project, the corporate bonds refer to financial obligation to repay the debts or loans.
The country has been considering enforcing their use after Cyrus Mistry, the former chairman of Indian conglomerate Tata Sons, died in a car crash recently.
The government estimates adding four more airbags would cost no more than $75. Auto market data provider JATO Dynamics, however, estimates it could increase costs by at least $231.
Similarly, the petroleum ministry has completed laying of a gas pipeline of 20,000 km out of 34,500 km targeted for the same period and the power ministry has also surpassed its target for laying the transmission network of 4,54,200 km till the end of March 2022.
In a draft notification, the MoRTH said under Inter-Country Non-Transport Vehicle Rules, the vehicle operating in Indian territory shall carry a valid registration certificate.
In a written reply to the Lok Sabha, Gadkari said to mitigate COVID-19 pandemic effect, his ministry took initiatives under Atmanirbhar Bharat and provided several COVID-19 relief measures to contractors, concessionaires and consultants, including extension of time for 3-9 months.
Gadkari said he had spoken to the management of Tesla and had assured them that the government would help them set up industrial clusters in the country.
The following step has been taken after the Union Ministry received an alert from CERT-In regarding targeted intrusion activities directed towards Indian Transport sector with possible malicious intentions.
Asset monetisation is the process of conversion of assets, in this case contracts to build highways, bridges, roads, etc, into economic value.
Vehicles not fitted with FASTag or without valid/functional FASTag entering into the FASTag lane will pay two time equivalent fee of the fee applicable.
On the extension of the Mumbai-Delhi expressway, Gadkari said a need was felt for it because otherwise, all the vehicles will clog the traffic in the financial capital.
These relaxations would provide the much-needed relief to those construction contractors whose eligibility to bid for new projects has been hampered on account of the COVID-19 pandemic-led business disruptions, Ind-Ra said in its report.
The ministry spent Rs 32,438.42 crore till August, up from Rs 22,853 crore in July. Last year, the ministry had spent Rs 27,936.26 crore in the same period
Previously, it was required by all transport vehicles to have a commercial licence after the drivers got their private licences
Union Transport Minister Nitin Gadkari today said that efforts are being made to further improve the road construction target to 40 km a day from the current 23 km per day.
Sources tell CNBC TV18 that roads ministry stands by its policy of not allowing manufacturing of vehicles which are BS-III compliant post-March 31, but they are not against the sale of the inventory post-April 1, 2017.
Even as the government gives high priority to EPC projects, banks have expressed concerns about aggressive bids by debt-ridden infrastructure companies.
The ministry is looking to undertake an umbrella project of 25,000-km of roads with a Rs 3.5 lakh crore investment in the coming years including expressways and economic corridors.
For hassle-free movement of cargo, the government has decided to make electronic toll tags mandatory for all vehicles contracted by the government departments.