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national highways authority of india

NHAI

NHAI to recognise IDFC as a limited-rights lender

The National Highways Authority of India (NHAI) has decided to recognise Infrastructure Development Finance Company (IDFC) as a lender to the prestigious Delhi-Gurgaon expressway project. However the company has been given only limited rights considering that the government does not recognise it as an official lender. Decision contrary to previous stand by NHAI and Road […]

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road regulator bill

Cabinet to take up Road regulator Bill soon

The Roads ministry is all set to present the Regulatory Authority for Highways in India Bill, 2013, before the Cabinet. This will enable the road sector which is under stress due to lack of private sector participation, to get a regulator immediately. Bill send by Road ministry to other ministries for comments The Bill has […]

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Border Roads Organisation (BRO) to focus on development of ‘Strategic Roads’

In a bid to reduce the workload of the Border Roads Organisation (BRO), several road projects that were formerly entrusted with the organisation have been taken back by the government. This will enable the BRO to focus primarily on the development and maintenance of ‘strategic roads’ that would serve border areas. BRO incidentally, is an […]

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Govt looking to revive the Public-Private-Partnership (PPP) model for road infra projects

The Central Road Transport ministry has decided to abandon the Build-Operate-Transfer (BOT) model for awarding 5,000 km of road projects for the rest of the financial year 2013-14. This decision was taken following the poor response evinced by private players to this model. Over-reliance on EPC not feasible: This setback has put the Public-Private-Partnership (PPP) […]

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Rangarajan Committee to conduct survey on 47 highway projects

Developers of highway projects under the PPP model had recently claimed that they were under immense financial stress due to the fall in toll revenues generated. To verify the genuity of these claims, the Cabinet has appointed an expert panel to conduct a study on the bailout demands of developers, which has proposed a survey […]

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