New Delhi: Road transport and highways ministry has designed a draft model concession agreement (MCA) for the four-laning of national highways on build-operate-transfer (BOT) annuity mode. The move comes on the back of claims by ministry officials that the current MCA governing national highways needs to be tweaked for BOT annuity projects even as it is suitable for BOT toll projects.
With a large number of road development projects facing a resource crunch as well as cost overrun and delay in completion in many cases, the Road Transport and Highways Ministry is seeking to double its budgetary allocation for smooth functioning.
NHAI proposes altering highway projects to 2-lanes
New Delhi: In a bid to reduce the cost for building highways and rope in more developers in phases III and V of the National Highways Development Programme (NHDP), the National Highways Authority of India (NHAI) has proposed re-engineering of projects to two lanes.
Shortage of credit in the market and undue interference from the National Highway Authority of India (NHAI) has had a negative impact on the road development in the country with a number of projects being stalled and some being delayed much beyond the target.
Roads, as much as any form of geological life, are inevitably subject to wear and tear. Just six years ago, the Delhi-Jaipur highway symbolised India's aspiration to join the league of developed nations with smooth grey runways that made cruising at over 100 km or more a reality.
Mumbai: The widening of National Highway Number 7 (NH-7) - connecting New Delhi to Kanyakumari - has ground to a halt outside the Pench Tiger Reserve amid fears that any widening here will destroy the ecologically rich but fragile forest ecosystem.
New Delhi: After failing to push award of road projects worth over Rs 55,000 crore in 2007-08, the ministry of road transport, highways and shipping seems to be working on getting its act together in the new term of the United Progressive Alliance (UPA).
