Road Projects

Environmental impact of Uttarakhand’s road projects explained: From loss of green cover and biodiversity to soil erosion and increased carbon emissions, the impact of rampant development in the hill state can be far-reaching.

Govt plans to introduce ‘integrity pacts’ for road project consultants in a bid to improve quality standards

The central government is also working on similar ‘integrity pacts’ for construction firms, independent quality control consultants, and awarding authorities.

Vishnu Prakash R Punglia files draft papers with SEBI for IPO

The IPO of Vishnu Prakash R Punglia consists of a fresh issue of upto 31.20 million shares. Choice Capital Advisors and Pantomath Capital Advisors are the lead managers to the issue

Gadkari inaugurates road projects in Jharkhand, says Centre to invest Rs 2 lakh cr by 2024

Of these, 21 pertain to state capital Ranchi, incurring an expense of Rs 9,453 crore.

Govt saved banks from Rs 3 lakh cr of NPAs by clearing pending road projects: Gadkari

Road Transport and Highways Minister Nitin Gadkari informed the Rajya Sabha that there are 415 road projects where 95 per cent of work is complete but have been categorised in the delayed projects category.

NHAI starts accepting electronic bank guarantees

The move is expected to help improve the efficiency and transparency of internal processes and take forward the adoption of digital technology, the regulator has said

Govt to approach capital market this month to raise Rs 2,500 crore for three road projects

The money will be raised through Infrastructure Investment Trusts (InvITs), the government official added.

Robust toll collections, but why are road projects in slow lane?

After a resilient FY2022, the roads sector seems to be slipping this fiscal year, both on awards and execution. What ails the sector?

Nitin Gadkari inaugurates, lays foundation stone of road projects worth Rs 1,357 crore in Rajasthan

Speaking on the occasion, Gadkari said widening of Ninawa section from Sanchore on NH-168A in the state will increase the business of granite industries of Chalaur district and will make it easier for the farmers to reach Suratgarh Mandi.

Modified bid guidelines in HAM road projects a leg-up for sector viability

Fixing fair O&M costs through the maintenance period will sustain quality of roads, provide exit windows for developers after construction and boost mergers and acquisitions in the sector

Interview | BOT is not a failed concept in road projects: CMD of IRB Infrastructure Developers

Infra developer is working on cutting down debt, positive about large investment in the company, going forward, says IRB Infra top boss

Ukraine flare-up: How oil price surge could play spoilsport in Centre's funding plans for roads

Soft crude oil prices between 2015 and 2021 had allowed the central government to raise cess to a peak of Rs18/litre by September 2021 from Rs2/litre in FY2015 

Will raise money from small investors for road projects, not interested in foreign investment: Nitin Gadkari

The minister said a Rs 8,000-crore project to build road over bridges over railway crossings in towns and cities is also under the works, but the announcement will be made after the budget.

Diluted eligibility criteria erode listed firms' share in road projects

While the budget may hike outlays, the roads’ sector is hampered by problems on the execution front 

Nitin Gadkari lays stone, inaugurates road projects worth Rs 4,160 crore in Uttar Pradesh

While in Jaunpur, Gadkari laid the foundation stone for three national highway projects costing Rs 1,123 crore, he in Mirzapur inaugurated four national highway projects worth Rs 3,037 crore, the statement said.

IL&FS gets NCLT approval for phase 1 InvIT

Roadstar Infra Investment Trust, will get six road projects under Phase I and the SPV for this will be transferred to the InvIT at an aggregate valuation of Rs 9,214 crore

NHAI to crack down on road developers for delaying projects, ignoring quality standards

Defaulters will be liable to pay fines of as much as Rs 10 crore and can be banned from bidding for contracts for up to three years

IL&FS's road InvIT gets all important approvals from CCI, SEBI and others; to be launched soon

The group mentioned that it has addressed Rs 32,000 crore of the group's overall debt so far and retained its target of addressing a debt of over Rs 56,000 crore by 2021-22, of an overall debt of over Rs 99,000 crore (as of October 2018).

Road sector reforms welcome, but it won't be a smooth ride for government or developers

Reforms will ease developer cash flows, but could also lead to hyper-competition in the sector as contractors bid aggressively for projects at the cost of their own profitability

Centre's reforms to reduce bottlenecks may lead to higher bidding, more competition for road projects: Ind-Ra

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.

HAM road projects makeover a positive, but leaves existing developers hanging

The key change of linking interest rate on HAM projects to the average MCLR of the top five scheduled commercial banks is a big positive

Gadkari’s caustic remarks alone won’t fast-track road projects, consistent policy will

A key issue that plagues the road sector is the lack of consistency in the approach to road construction

Road construction — Mind the potholes

Tweaks in construction models need to be supplemented with efforts to iron out other irritants

IL&FS gets govt approval for Rs 2,700cr claims towards stuck road projects

The NHAI Conciliation Committee recently approved a claim for approximately Rs 707 crore for the ILFS-Fagne Songadh Expressway Limited project (in Gujarat-Maharashtra border area), while the committee had earlier approved claims of Rs 902 crore for the Khed Sinnar Expressway project (in Maharashtra).

Proposed concession changes inadequate to revive pvt sector participation in toll road projects: Ind-Ra

"Proposed changes in the concession agreement of build-operate-transfer (BOT) projects such as non-issuances of work orders until 90 per cent land acquisition, de-scoping provisions akin to hybrid annuity model (HAM) projects, and transfer of projects after lenders' approval are positive moves," Ind-Ra said in a statement.