Latest Answer: Hi everybody,
Because of the increased compensation, NHAI last week has speed up the work of Eastern Peripheral Expressway, which was held up due to land acquisition problems on the Palwal side .
Q:The Cabinet Committee of Economic Affairs decided to extend a one-time order for funds infusion by NHAI into such under-construction build, operate and transfer or BOT (toll) highway projects announced earlier to stranded BOT (annuity) projects also.
Latest Answer: Hi everybdy,
The government has also launched an advance hybrid annuity structure, under which NHAI will fund 40% of the project costs, reducing the developers' risks further.
With 11500 km of highway projects awarded since the start of last financial year, construction, which has picked up of late, is bound to speed up in the coming months.
Q:GMR Infrastructure is looking to bring around the Ahmedabad-UdaÂipur-Kishangarh project prÂovided the government reÂschedules the premium paÂyment option that was quoted at Rs 636 crore annually.
Latest Answer: In January 2013, the company reportedly sent a notice for end of contract to NHAI refering failure to obtain environmental clearance from the authority and revised toll rate. The company now believes there is noticeable grip in the western and the northern region in terms of traffic revenue growth, led by a rising consumption pattern.
Latest Answer: Hi Mr Tushar,
Facing criticism for inordinate delay in the completion of Western Peripheral Expressway (WPE) or KMP expressway, which is one half of the ring bypass around Delhi, Haryana government on Monday made a commitment to the Center to find a solution to the stalled project in the next one month.
Q:The ministry of road transport and highways is fragmenting road projects that failed to find bidders into smaller expansion in order to make them more attractive.
Latest Answer: Do you know that the Asian Highway project, also known as the Great Asian Highway. The main objectives of this project to improve the highway systems in Asia. It is one of the three key features of the Asian Land Transport Infrastructure Development project that is sponser by ESCAP and the other two being the Trans-Asian Railway and facilitation of land transport projects.
Latest Answer: The Punjab and Haryana high cour in its May 2013 order had imposed Rs 60 crore and Rs 7 crore fine on the company and its director for delay in completion of the six-laning project and directed NHAI to take over the project and commence work immediately. but this was challenged by the concessionaire Soma Isolux which moved the supreme court.
Latest Answer: The EPC mode too had lost lustre in recent years. Highway projects of up to 3,055 km were awarded based on the EPC mode in 2005-06, but it drastically reduced to 345 km the next year and just 89 km the following year. During this time projects based on BoT mode had witnessed a rise.