PNC Infratech established a wholly-owned subsidiary (WOS) business called “Varanasi-Kolkata Highway - Package II” as a special purpose vehicle (SPV) to carry out a project that the National Highways Authority of India (NHAI) had approved. The BharatmalaPariyojana in Bihar is funding the construction of a greenfield, sixlane Varanasi-Ranchi-Kolkata highway.

The National Highways Authority of India (NHAI) is working towards developing around 10,000 kilometres of Optic Fibre Cables (OFC) infrastructure across the country by 2024-25.

The National Highways Infra Trust is looking to raise around Rs 7,500 crore to Rs 8,000 crore by monetising the next tranche of six road assets. The NHIT will take possession of roads including the Gwalior-Shivpuri (Madhya Pradesh) of length 125.38 km, Chichira-Kharagpur (West Bengal) of length 56.12 km, and Orai-Bara (Uttar Pradesh) of length 125.806 km by March.

The National Highway Authority of India is all set to take up several flyover construction projects in various locations on the National Highways in Assam. The projects will be implemented under Bharatmala Phase.

The infrastructure investment trust (InvIT) is planning to raise Rs 2,000 crore from investors to acquire two to three road assets from its parent firm the National Highways Authority of India (NHAI).

It has been decided to build a network of 5,267 km expressways in the state to reduce the distance between the districts by making communication facilities more efficient in Maharashtra. Accordingly, the Maharashtra State Road Development Corporation (MSRDC) will be working on expressways of about 4,217 km, while through the National Highways Authority (NHI), about 1,500 km of expressways will be constructed.

National Highways Infra Trust has raised Rs 1,217 crore from investors in its follow-on offer, the ministry of road transport and highways (MoRTH).

State-owned National Highways Authority of India (NHAI) plans to raise close to Rs 10,000 crore from the capital market through infrastructure investment trusts (InvITs).

Road infrastructure work in India is expected to see accelerated growth with the Ministry of Road Transport & Highways (MoRTH) aiming to expand the National Highways network to 2 lakh km by the year 2024 from present 1.4 lakh km.