NHAI
Lack of data a regulatory hurdle, says NaBFID
NaBFID faces challenges in convincing regulators about higher provisioning for project loans due to lack of comprehensive data in the infrastructure sector. The Reserve Bank's proposed 5% provision on project loans is questioned by NaBFID, which is setting up an infrastructure repository to strengthen data analytics and support stakeholders.
Road ministry to build 74 new tunnels at an estimated investment of Rs 1,00,000 crore over next few years: Nitin Gadkari
Speaking at the second edition of Tunnelling India conference by the Federation of Indian Chamber of Commerce and Industry (Ficci) on Tuesday, Gadkari said the focus will be on technology upgradation and cost-effective solutions while ensuring performance audits of all under construction projects to ensure construction of world-class infrastructure.
Government to live monitor 100 toll plazas to ease congestion
The Indian Highways Management Company (IHMCL), under the National Highways Authority of India, has developed a GIS-based software for real-time monitoring of the waiting time at the toll plazas to ensure free flow of traffic and a hassle-free tolling experience. The monitoring service will be initiated at 100 toll plazas in the first phase and later extended to more toll plazas in a phased manner.
Delhi-Dehradun Expressway to be operational by November: Here are all the entry-exit points and other details
The first leg of the Delhi-Dehradun Expressway, from Akshardham to the Eastern Peripheral Expressway, will be operational by November. This stretch includes elevated segments and service roads, easing traffic in several areas. It will improve connectivity and reduce travel time between Delhi and Dehradun, with additional links to Haridwar.
National Infrastructure Trust files DRHP for Rs 1,600-crore IPO. Check details
National Infrastructure Trust submitted its Draft Red Herring Prospectus to SEBI to raise capital through an IPO. Sponsored by Gawar Construction, it includes a Rs 1,200 crore fresh issue and a Rs 400 crore offer for sale. The raised funds are designated for debt repayment and loan facilities for project SPVs.
Policy in works to extend lifespan of National Highways
The government announced a new policy for extending the lifespan of ageing national highways through 'white-topping'. This method involves overlaying existing bituminous pavements with concrete. Expected benefits include reduced fuel consumption, lower maintenance costs, and increased pavement durability. The NHAI will focus on upgrading these highways within the financial year.
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Delhi Traffic Police, NHAI collaborate to ease traffic congestion on national highways
Delhi Traffic Police discussed with NHAI various measures to ease congestion on national highway stretches within the city. Key suggestions included widening the road at Kalindi Kunj, shifting bus stops, installing speed cameras, and deploying traffic marshals. NHAI is expected to respond positively to these proposals.
Govt directs NHAI to focus on upgrading existing national highways
It marks a shift from the current practice of the NHAI focusing solely on the development of new highways and expressways under the Bharatmala Pariyojana and the road transport and highways ministry directly implementing these projects.
Nitin Gadkari warns of cancelling highway projects in Punjab if law and order does not improve
Gadkari's ultimatum comes in response to recent incidents affecting the construction of the Delhi-Amritsar-Katra Expressway. Reports indicate that engineers and workers have been attacked in Jalandhar and there have been threats of arson and violence against the project camp and staff in Ludhiana. Gadkari emphasised that the cancellation of even one segment of these greenfield corridors could render the entire project ineffective.
NHAI saves around Rs 1,000 crore of interest through debt payment plan
The state-owned NHAI reported saving approximately Rs 1,000 crore in interest payments by pre-paying Rs 15,700 crore of its debt. This move has significantly reduced NHAI's total debt to around Rs 3,20,000 crore. The organization also secured lower interest rates from banks, dropping from 8.10% to 7.59%.
NHAI prepays debt of Rs 15,700 crore; saves on Rs 1000 crore interest
The National Highways Authority of India (NHAI) has successfully prepaid a debt of Rs 15,700 crore from 2023-24 monetisation proceeds, resulting in an estimated interest savings of around Rs 1,000 crore. The NHAI plans to monetize projects worth Rs 15,000-20 crore through infrastructure investment trust (InvIT) in 2024-25, aiming to reduce its overall debt liability to around Rs 3,00,000 crore by the end of fiscal 2025.
NHAI sets up an asset monetisation cell; aims to achieve over Rs 50,000 crore monetsiation target for 2024-25
The cell, comprising of experts in finance, technical, techno finance, commercial and transport economics, will be responsible for advising NHAI on overall planning and methodology for asset monetisation, conduct market analysis and feasibility study to identify potential assets with focus on projects which have established toll collection records and potential for revenue generation.
Union Budget 2024: FM retains allocation to NHAI at Rs 1.68 lakh crore for financial year 2024-25
The Union Budget 2024 maintains NHAI's funding at Rs 1.68 lakh crore for 2024-25, with an unchanged highways sector outlay of Rs 2.78 lakh crore. NHAI and NHIDCL play vital roles in constructing national highways and expressways. Previous budgets also highlighted significant funding for these infrastructure projects.
NHAI to charge double user fee in case of non-affixation of FASTag on the front windshield
NHAI doubles toll for non-FASTag vehicles, causing delays in toll lanes. SOPs mandate capturing Vehicle Registration Numbers via CCTV. FASTag usage, under Highway Fee Rules 2008, is 98%, covering 8 crore users. Non-compliant vehicles face blacklisting. Issuer banks must fix FASTag at POS. This initiative spans 1,000 toll plazas across 30,000 km of National Highways.
Ambitious Delhi-Mumbai expressway project misses revised 2024 target, delayed further to 2025
Delhi-Mumbai expressway project faces major delays in Gujarat due to land issues, pushing completion to March 2024. Only 630 km of 1,386 km open. Officials aim for full operation by March 2025, linking to key locations. Ministry reveals awarded contracts not started. Progress slow in Gujarat but hope for October 2025 completion.
NHAI activates flood plan after IMD forecast
NHAI's proactive flood plan, joint inspections, and resource availability ensure effective disaster preparedness amid above-normal monsoon forecasts. Collaboration with district administration and constant monitoring safeguard lives and national highways.
NHAI to do GIS-based land acquisition for upcoming national highway projects
The National Highways Authority of India (NHAI) on Tuesday entered into an MoU with the Survey of India for development and validation of GIS-based land acquisition plan for upcoming national highway projects in the country. As per the agreement, the Survey of India will help develop standard operating procedures and in preparation of terms of reference for consultants preparing a detailed project report for land acquisition.
NHAI sets up dedicated cell to review detailed project reports of national highways
The NHAI has established a DPR cell at its headquarters in New Delhi to meticulously review detailed project reports for national highway projects, aiming to ensure high construction standards, cost efficiency, and timely completion. This dedicated cell, comprising around 40 professionals with expertise in various domains, will harmonise the review process and guarantee the preparation of quality DPRs before project execution for uniformity and project success.
NHAI InviT head Suresh Goyal to quit
Prior to joining NHAI InvIT, Goyal was the Head of Macquarie Infrastructure and Real Assets for South East Asia & India region. Under Goyal, Macquarie Group had won the rights to manage 648km of national highways by bidding Rs 9,682 crore in an auction National Highway Authority of India (NHAI) in 2018.
GNSS-based toll collection to add Rs 10,000 crore to India’s toll revenue: Nitin Gadkari
Speaking at the international workshop on GNSS-based electronic toll collection in India, union minister for road transport and highways Nitin Gadkari said since commercial vehicles including trucks account for 75% of annual toll revenue it is important that the new system is implemented on commercial vehicles first. India’s toll collection stood at Rs 64,809.86 crore in 2023-24 as against Rs 48,028.22 crore in 2022-23, an increase of 34.9%.
NHAI to collaborate with IIIT Delhi to enhance road safety through artificial intelligence
As per the ministry of road transport and highways, NHAI and IIIT Delhi has entered into an MoU under which IIIT Delhi will conduct surveys for collecting imagery and other data related to availability and condition of road signages on selected national highways stretches spread over 25,000 km for accurate identification and classification of road signs.
Road construction down by 12.1% to 1288 km in the current financial year up to May 2024
As per the monthly update, released the ministry of road transport and highways (MoRTH) on Wednesday, the capital expenditure incurred during the period stood at Rs 57,925 crore till May 2024, which is 42.5% of the capital outlay under the vote on account provision for the first five months of 2024- 25.
NHAI to undertake Miyawaki plantations along national highways to restore green cover
The National Highways Authority of India (NHAI), under the ministry of road transport and highways, has identified 53 acres of land parcel adjacent to national highways in and around Delhi and the national capital region where Miyawaki method of Japan will be used for plantations during the upcoming monsoon season and the process will be replicated across India following its success in Delhi-NCR, NHAI said in a statement.
NHAI to begin work on Rs 4,000-crore Chattergala tunnel in J-K at earliest: Nitin Gadkari
Union Minister of Road Transport and Highways, Nitin Gadkari, announced on Monday that the NHAI will commence construction on the Rs 4,000-crore Chattergala tunnel project in Jammu and Kashmir promptly. Gadkari chaired a review meeting the same day, attended by Union Minister of State in the Prime Minister's Office (PMO), Jitendra Singh.
NHAI to monetise assets with Rs 15000 to Rs 20000 crore in 2024-25 through InvIT
The National Highways Infra Trust (NHIT), its infrastructure investment trust formed in October 2020, has so far garnered Rs 26,125 crore in three rounds of monetisation with the per unit net asset value at Rs 124.75 as against the launched value of Rs 101 per unit in November 2021.
NHAI's revised toll rates come to effect across highways
NHAI has hiked toll charges by 5% on national highways. The revised user fee has been implemented from Monday, affecting motorists across the country.
India to increase road toll charges from Monday
India will hike road toll charges across the country by 3-5% from Monday, officials said, after putting the annual increase on hold in April due to the country's general elections. Toll charges in India are revised annually in line with inflation, and highway operators have announced hikes of 3% to 5% at nearly 1,100 toll plazas starting Monday.
NHAI's road assets monetisation can fetch up to Rs 60,000 cr for govt this fiscal
ICRA predicts NHAI's road asset monetization plan could yield up to Rs 60,000 crore in FY2025, part of the National Monetisation Pipeline. NHAI plans to sell 33 assets through toll-operate-transfer (TOT) and InvIT modes, totaling 2,750 km with Rs 4,931 crore annual toll collection, likely attracting various investor types.
NHAI's infra trust got $217.13 mn in FY24 from Canada Pension Plan Investment Board
Canada Pension Plan Investment Board (CPP Investments) announced investments totaling USD 217.13 million in the National Highways Infra Trust and USD 394.78 million in Interise Trust for road concessions acquisition. Additionally, they committed USD 100 million to Kedaara Capital Fund IV and USD 300 million to an India-based asset manager focusing on credit opportunities. The organization manages funds for over 22 million contributors and beneficiaries of the Canada Pension Plan, investing globally in various asset classes.
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