The Indian Air force (IAF) has cleared 12 National Highways (NHs) as emergency landing airstrips that will enable rescue operation teams to reach affected areas easily, an official responsible for executing the project said. Although there was initially a proposal to develop a total of 21 NHs into airstrips, for now 12 highways have been […]Continue Reading... No Comments.
The present rate of vehicle growth will require construction of an additional lane on highways every year, which will cost government about Rs 50,000 crore, said road transport and highways minister Nitin Gadkari quoting a study done by his ministry. “While we are expanding the highway network and increasing the length by converting more state […]Continue Reading... No Comments.
The Ministry of Road Transport and Highways informed Lok Sabha that total 115,435 kilometres of National Highways have been sanctioned in all 35 states and Union Territories in the country. In a reply of unstarred question raised by Shimla Member Parliament Virender Kashyap in lok sabha, Union Minister of State for Road Transport and Highways […]Continue Reading... No Comments.
India will need investments to the tune of around USD 4.5 trillion till 2040 to develop infrastructure to improve economic growth and community wellbeing, said Global Infrastructure Hub today. According to its report `Global Infrastructure Outlook’, India has an infrastructure investment need of USD 4.5 trillion by 2040, making it the second largest infrastructure market […]Continue Reading... No Comments.
The Goods and Services Tax (GST) will accelerate the growth and ease of doing business and help in nation building, Union minister Nitin Gadkari said today. “GST will remove the red-tapism and corruption and will bring in transparency in the system,” the Shipping minister said at the inaugural ‘Gopal Krishna Gokhale Memorial’ lecture organised by […]Continue Reading... No Comments.
Amaravati has been designed as a sustainable capital of Andhra Pradesh with 100% treatment and recycling of both solid and liquid waste and vacuum-cleaning of crowded areas. It is also set to become the first urban area which will get most of the construction material through waterway to build the 21.23sq km state capital. Many […]Continue Reading... No Comments.
A Boston-based consultancy firm has admitted to the justice department of the United States that its officials paid bribe of $1.18 million (approximately Rs 6.7 crore) to NHAI officials between 2011 and 2015, prompting the highways authority to launch a probe into the payments. The company, CDM Smith, has agreed to pay $40,371,38 (approximately Rs […]Continue Reading... No Comments.
The Centre today approved a Rs 3,691 crore highway project in Uttar Pradesh that is part of the Golden Quadrilateral between Delhi and Kolkata. “The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Narendra Modi, has given its approval for development of six laning of Chakeri-Allahabad section of National Highway (NH) – 2 […]Continue Reading... No Comments.
The highways ministry is formulating a model pact for its projects to suit the needs of private investors, especially from the US, the Middle-East and Singapore, who have shown keen interest in operating them. Several investors, including Canadian Pension Fund, Abu Dhabi Investment Fund and some from the US, Europe and Singapore, have shown interest […]Continue Reading... No Comments.
In the next five years, approximately Rs 7 lakh crore will be spent in building and expanding highways and constructing expressways across the country . While barely 15 per cent of this investment will come from the private sector, the remaining 85 per cent will come from fuel cess and toll, monetisation of completed highway […]Continue Reading... No Comments.