New Delhi: With the National Highways Authority of India (NHAI) set to finalize the alignment of a 61 km-long expressway next month, the travel time between Delhi and Meerut may be reduced to approximately 45 minutes from the usual two hours once the project is completed.
GMR, Tata Realty, L&T Among Bidders; Total Cost Of Projects Under Phase-III and V To Be Over Rs 70,000 Crore
LOWER interest rates and cheaper raw materials are breathing fresh life into about 60 highway projects worth Rs 70,000 crore that were lying in limbo for several months because of high cost of financing and litigation.
A majority of the 17 road works awarded under the public-private partnership (PPP) scheme in the first phase of National Highways Development Programme (NHDP) were delayed, according to a recent report by the Comptroller and Auditor General of India. Of these projects, only five were completed in time, while there were delays of 2-42 months in others.
No BOT Venture Awarded In 6 Months, Deadlines Extended
Has economic meltdown hit the infrastructure sector in the country? Seems likely since in the last six months, the National Highways Authority of India (NHAI) has failed to award a single BOT project.
1,464 km of highways in the State would be developed
TIRUCHI: An outlay of Rs. 9,880 crore is expected to be invested under the third phase of the National Highways Development Project (NHDP), Union Minister of Shipping, Road Transport and Highways T. R. Baalu said.
With the completion of the Ambala Zirakpur four-laning project, the National Highway Authority of India (NHAI) is all set to formally inaugurate the project on December 10.
Union Minister for Shipping, Roads, Transport and Highway T R Baalu will throw open the project for which a toll plaza has been set up at Dappar.
The National Highways Authority of India (NHAI) risks losing $300 million of the $620 million World Bank loan for the $933 million Lucknow-Muzaffarpur National Highway Project (LMNHP), if work on the project is not expedited and safety concerns not addressed within a short period of time.
