Road Projects

Highway Ministry hits 20% of capital expenditure target in April 2024

Ministry has created 100-day plan for new government, highway min says

HMPL board approves Rs 486 cr fundraising plan through issuance of warrants

Infrastructure company Hazoor Multi Projects Ltd (HMPL) on Saturday said its board has approved a proposal to raise Rs 486 crore through the issuance of warrants. The plan was approved by the board of the company at a meeting on Friday, HMPL said in a regulatory filing. The board has approved fundraising of Rs 4,860 million through issuing and allotting up to 1.62 crore fully convertible warrants to the persons belonging to the 'non-promoter' and 'public' category on a preferential basis at an issue price of Rs 300 per warrant, the company said. The proposal is subject to the approval of shareholders and other regulatory authorities, HMPL added. "Upon issue of Warrants in accordance herewith, an amount equivalent to 25 per cent of the total issue size shall be called upfront from the proposed allottees," it noted. The company said it looks to utilise the proceeds to enhance financial resources to fund its growth. Besides, the constitution of a fundraising raising committee was am

Lapataganj of dropped govt and private sector projects hits a high

The previous high of projects for which there is no information was in March 2019, an election year

Centre gives green signal to road project in Andhra Pradesh tiger corridor

The National Board for Wildlife (NBWL) has recommended the use of more than 40 hectares of forest land from the tiger corridor connecting the Nagarjunasagar Srisailam Tiger Reserve (NSTR) and the Sri Venkateswara National Park in Andhra Pradesh for the development of expressways, economic corridors and inter-corridors under the second phase of Bharatmala Pariyojana, according to the minutes of a meeting held last month. Spread over 3,296.31 square kilometres, the NSTR is the country's largest tiger reserve. It is contiguous with Telangana's Amrabad tiger reserve and accounts for the largest tiger population (around 72) in the Eastern Ghat landscape. According to the minutes of the meeting, the length of the road passing through the tiger corridor under the project is about five kilometres. Three tunnels, four minor bridges, seven viaducts and two culverts have been suggested as mitigation structures in the project proposal. The length of the animal passage is around three kilometre

Nitin Gadkari announces 4 projects across India worth Rs 1,885 crore

These projects are located in Karnataka, Madhya Pradesh, Gujarat and Assam. The development of an existing ropeway has been proposed between Ujjain Railway Station and Mahakaleshwar Temple in MP

National Highways Infra to debut private bond placement by April: Report

The company is a wholly-owned subsidiary of National Highways Authority of India and manages toll road projects

PM Modi lays foundation stone of projects worth Rs 13,500 crore in Gujarat

The projects encompass a wide range of sectors such as internet connectivity, rail, road, education, health, connectivity, research and tourism, the Prime Minister's Office said

JICA signs Rs 2,800 cr loan pact for Chennai peripheral ring road project

The objective of the project is to meet the rapidly increasing traffic demand in the Chennai metropolitan area, ease congestion, reduce transportation time

53 road projects worth Rs 2 trn identified to be bid out with major reforms

NHAI proposes major reforms in BOT projects

KKR-backed Invit snaps up 12 road projects for Rs 9,005.70 crore

The road portfolio comprises 11 hybrid annuity concessions from the National Highways Authority of India (NHAI) and one toll road concession from the Uttar Pradesh State Highways Authority (UPSHA)

Navigating smog and devotion on the road

A trip to the hills has become easier with multiple lanes and smooth highways, yet the ease is interrupted by the persistent haze and the spectacle of young men dancing along the way

Govt sanctions Rs 1,170 crore for road projects in Ladakh: Gadkari

Union minister Nitin Gadkari said the government has sanctioned Rs 1,170.16 crore for 29 roads projects in Ladakh. In a post on social media platform X, Gadkari said Rs 1,170.16 crore has been sanctioned for 29 roads projects, encompassing state highway and other major roads in the Union Territory. Additionally, Rs 181.71 crore has been allocated for 8 bridges under the Central Road and Infrastructure Fund (CRIF) scheme for the fiscal year 2023 24, the road transport and highways minister said. He said Ladakh, the largest Union Territory in terms of area and the second least populous in the country, will witness improved connectivity to its remote villages through the approved initiatives. The enhancement in road connectivity is expected to stimulate economic activities, particularly in agriculture and tourism, contributing to the overall infrastructural development of Ladakh, he added.

States, ministries to make 'checklist' to manage data for Gati Shakti NMP

DPIIT, which is responsible for overseeing Gati Shakti NMP, has also prepared a document - a crucial resource for clarity and data management practices - for relevant stakeholders

Union cabinet approves road, construction projects in Bihar, Tripura

The Union Cabinet on Wednesday gave its approval for widening of the 135-km stretch of Khowai-Harina road in Tripura, according to an official statement. The project involves investment of Rs 2,486.78 crore which includes a loan component of Rs 1,511.70 crore (JPY 23,129 million), the statement said. The loan assistance will be from Japan International Cooperation Agency (JICA) under Official Development Assistance (ODA) scheme, it added. The project is envisaged to facilitate better road connectivity between various parts of Tripura and to provide alternative access to Assam and Meghalaya from Tripura apart from existing NH-8. "The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has given its approval for improvement and widening to two lane with paved shoulder of road from km 101.300 (Khowai) to km 236.213 (Harina) of NH-208, covering a total length of 134.913 kms in Tripura," the statement said. The statement noted that development of the project

Road construction projects worth Rs 65,000 cr underway in Delhi: Gadkari

Work on projects worth Rs 65,000 crore is underway in Delhi and its nearby areas for the construction of roads, highways and expressways, Union Minister of Road Transport and Highways Nitin Gadkari said on Thursday. Work on an expressway connecting Delhi's Akshardham temple to Dehradun has started. Once it is completed, it will only take two hours to reach Dehradun from Delhi and one-and-a-half hours to reach Haridwar, the minister said in the Lok Sabha. "Rs 65,000-crore works are going on in Delhi and its adjoining areas. We have already constructed an expressway to Meerut. Works are also going on to connect Muzaffarnagar," he said. Gadkari said works to construct a peripheral road around Delhi are also going on.

Road projects likely to hit slow lane ahead of 2024 Lok Sabha elections

Bharatmala's cost has nearly doubled from Rs 5.35 trillion to Rs 10.6 trillion and the Finance Ministry has asked MoRTH to go slow until Cabinet approval is received

Govt aims to complete 85% of road projects on time this fiscal: Anurag Jain

Around 85 per cent of road projects are likely to be completed by the end of this fiscal, as the steps taken by the government to ensure faster clearances like monitoring and quicker resolution of issues have started showing results, Road Transport and Highways secretary Anurag Jain said on Wednesday. Jain said, the Road ministry is getting environment and forest clearance quickly and monitoring mechanisms of delayed projects have been improved. "We took up completion of projects on time as a challenge, and in cases where the project is already delayed, a revised schedule was taken as the target. I have a feeling that by the end of this financial year (March), we will complete about 85 per cent of projects on time," he told PTI in an interview. Jain further noted that "PRAGATI meeting by the Prime Minister, monitoring by Cabinet Secretariat, creation of Integrated Project Monitoring portal, use of PM GatiShakti in planning have considerably improved the pace of implementation of the

Delhi's Sultanpuri underpass project complete, to open from Sep 4

The Sultanpuri underpass project in Delhi, work on which had begun in 2010, has been completed and it will be opened for the public on September 4, officials said on Saturday. The completion work has been pending for a long time, Mayor Shelly Oberoi's office said in a statement. Soon after the AAP-led government took charge in the Municipal Corporation of Delhi, the work was expedited and pending fund was arranged too, she was quoted as saying in the statement The underpass has now been completed and it will be thrown open to the public on September 4. It will help ease traffic movement in the area, the statement said. Mayor Oberoi will be present during the inauguration of the underpass.

Road projects under HAM face funding, execution challenges: Report

The report which was released on Thursday, highlighted the current state of the Indian Road Sector, the performance of road projects under HAM projects

NITI Aayog seeks consultant to evaluate road projects, functioning of NHAI

With the debt of National Highway Authority of India (NHAI) surpassing Rs 3 lakh crore and its dependance on government's budgetary support increasing, the NITI Aayog has decided to go in for an institutional evaluation of the highway construction body. The government think tank's Development Monitoring and Evaluation Office (DMEO) has floated a tender for selection of a technical consultant for conducting an evaluation study of road projects and the functioning of NHAI. "In the context of its (NHAI's) increasing debt servicing burden, contingent liabilities, dependence on government budgetary support, and ambitious highway and infrastructure development plan, there is a need to better understand the performance of NHAI and evaluate its existing practices and finances in order to provide inputs in improving its functioning," the DMEO said in it's report. NHAI's debt has seen an increase from Rs 23,797 crore in March 2014 to Rs 3.48 lakh crore in March 2022. NHAI's spending in FY22