| National Highways Authority of India Related news |
Road ministry sees good response to third TOT tranche
Posted on 10th September 2019 |
.jpg) |
The Union Ministry of Roads and Highways is expecting a good response for the National Highway Authority of India's (NHAI) bid under the third tranche of 566.27 km of highways under the toll operate transfer (TOT ) despite the slowdown. NHAI is targeting Rs 4,998.71 crore from monetisation of nine highway stretches of 566.27 km in Uttar Pradesh, Bihar, Jharkhand, and Tamil Nadu. The last date of bid submission is September 30. |
|
|
We plan to reorganise NHAI, review financing models: Nitin Gadkari
Posted on 6th September 2019 |
.jpg) |
Union Road Transport and Highways Minister Nitin Gadkari has said he plans to reorganise the National Highways Authority of India (NHAI). A relook at the financing models, including raising Rs 85,000 crore through road asset monetisation over the next five to six years, is also priority, the minister told Business Standard in an e-mail interview. |
|
|
New speed breaker on India's road to $ 5 trn economy; NHAI's mounting debt
Posted on 30th August 2019 |
.jpg) |
India’s path to economic recovery faces another obstacle, with Prime Minister Narendra Modi asking the state road builder to stop constructing highways after its debt ballooned almost seven-fold over the past five years. "National Highways Authority of India totally logjammed with unplanned and excessive expansion of roads," the prime minister’s office wrote to NHAI in a letter dated August 17. "NHAI mandated to pay several times the land cost; its construction costs also shooting up. Road infrastructure has become financially unviable." |
|
|
PMO's suggestion to NHAI: Stop building roads, sell assets through an InvIT
Posted on 24th August 2019 |
.jpg) |
The NHAI should discontinue constructing roads and encourage the private sector to take over the running of completed projects. These are two of the key suggestions that the Prime Minister’s Office has made to the National Highways Authority of India (NHAI). In a letter dated August 17, Nripendra Misra, Principal Secretary to the Prime Minister, wrote to Sanjeev Ranjan, Secretary, Ministry of Road Transport and Highways, collating suggestions to improve the operational performance of NHAI. |
|
|
NHAI’s third TOT bundle draws interest from 27 companies
Posted on 3rd August 2019 |
.jpg) |
New Delhi: As many as 27 companies have evinced interest in National Highways Authority of India’s latest bundle of toll-operate-transfer (TOT) projects. The initial estimated concession value (IECV or reserve price) for the third bundle of TOT, which is up for bidding by private operators, is ₹4,995.48 crore. |
|
|
NHAI’s third TOT bundle may be lapped up by developers
Posted on 27th June 2019 |
.jpg) |
National Highways Authority of India (NHAI) may get a favourable response for its third Toll-Operate-Transfer (TOT) bundle put out for auction. Also, with a target of 4,500 km during the fiscal, the awarding of contracts will pick pace now, according to experts. |
|
|
IRB Infra dips 14% after NHAI explores new developer for Mumbai-Pune e-way
Posted on 19th June 2019 |
.jpg) |
Shares of IRB Infrastructure skid 14 per cent on the BSE, to hit an over 5-year low of Rs 90 apiece, dragged by heavy selling pressure. The heavy sale volume was witnessed after a news report said the National Highways Authority of India (NHAI) was planning to find a new operator for the Mumbai-Pune Expressway afer the company’s agreement ends in August. |
|
|
NHAI floats third TOT bid after tepid second
Posted on 14th June 2019 |
.jpg) |
National Highways Authority of India (NHAI) is looking to raise around Rs 5,000 crore as it has floated a global bid for the third bundle of Toll-Operate-Transfer (TOT). Starting Thursday, the bids have been invited by the national highways developing, operating and maintaining agency. |
|
|
How NHAI hopes to garner Rs 9,000 crore under TOT model in FY20
Posted on 10th June 2019 |
.jpg) |
Even as it had to abort the second round of auction under the toll-operate-transfer (TOT) model due to lack of investor interest, the National Highways Authority of India (NHAI) is not going slow on its plan to monetise its operational projects. According to official sources, the authority, which is in need of funds to repay debt and build new highways, will soon invite requests for proposal (RFPs) for two TOT tranches, measuring a total of 970 km, hoping to garner at least Rs 9,000 crore through this model in FY20. |
|
|
|
|
|
|
|
|
|
|
|
.jpg)
