Jun 05, 2023 PNC Infratech integrates new subsidiary for highway project 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.
Jun 05, 2023 Tamil Nadu plans to focus on revamping highway roads The Tamil Nadu government has plans to repair its highway roads in the current fiscal year in an effort to cut down on travel time and vehicle running expenses. The department to adopt better contracting strategies such EPC, PPP, and output and performance-based road contracts (OPRC).
May 20, 2023 MoRTH plans to build 45 km of road daily in FY24 The ministry of road transport and highways (MoRTH) has set an internal target to build at least 45 km of roadways each day this year. At this rate, 16,000 km of roads will be built in a year, and it will be a record.
May 20, 2023 NHAI to develop 10,000 km of ‘Digital Highways’ in India by 2025 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.
May 20, 2023 Government to develop more than 250 projects in 5 years Nitin Gadkari, Union Minister for Road Transport and Highways, said under “Parvatmala Pariyojana”, the Government of India plans to develop 250+ projects with a Ropeway length of 1,200+ km over 5 years
Mar 20, 2023 Centre making roads worth Rs 3 lakh crore in NE The Government of India is making roads valued at Rs 3 lakh crore in the North East to help eradicate poverty and reduce the suffering of the people. Nitin Gadkari, Union minister for roads, transport and highways, said road projects worth over Rs 25,000 crore are being implemented in Meghalaya.
Mar 20, 2023 NHAI InvIT to raise Rs 8,000 crore from third tranche of road assets 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.
Mar 20, 2023 Highways to develop city roads into smart ways A total of 134 km of highway roads passing through the city — Anna Salai, Jawaharlal Nehru Salai and Poonamallee High Road — will be developed into smart urban roads. The Highways Department has begun preparing a detailed project report for the project.
Mar 20, 2023 Gadkari lays foundation stones for Rs 3,670 crore highways in Maharashtra Nitin Gadkari, Union road transport and highways minister, inaugurated and laid foundation stones for several projects in his home state Maharashtra.