NHAI invites applications from developers for fund infusion

Last Updated: Sunday, June 21, 2015, 12:01

The government last month allowed the National Highways Authority of India (NHAI) to provide funds to projects that are in advanced stages of completion but are stuck due to equity crunch.

L&T: GMR, GVK road cancellations to have only minimal impact

Last Updated: Thursday, January 24, 2013, 20:47

Engineering and construction major Larsen & Tourbo (L&T) Thursday played down the impact of losing some orders following GMR Infra and GVK walking out of two road projects earlier this month, saying that its order pipeline will not be hit more than 10 to 11 percent.

Building 20 km of roads a day not sustainable: NHAI chief

Last Updated: Thursday, January 17, 2013, 19:50

Building 20 km of highways a day -- UPA II government's ambitious target-- is not sustainable due to reasons like delays in environment clearance and issues of land acquisition, highways authority NHAI said Thursday.

GMR, GVK exiting mega projects due to unviability: NHAI

Last Updated: Thursday, January 17, 2013, 18:57

GMR and GVK are walking out of mega road contracts as they are unable to arrange funding for those projects, and not on account of delays in environment clearance or regulatory hurdles as cited in their notices, NHAI said Thursday.

Getting finance for highways projs in north-east difficult

Last Updated: Wednesday, January 9, 2013, 21:45

The National Highways Authority of India (NHAI) is of the view that the Engineering Procurement and Construction (EPC) mode for awarding projects in the region is a better model as compared to PPP.

KNR Constructions bags Rs 682 cr order from NHAI

Last Updated: Friday, August 3, 2012, 23:01

Infrastructure firm KNR Constructions Friday said it has bagged order worth Rs 682 crore from National Highways Authority of India (NHAI) in Kerala.

Fraud, corruption in highway projects: World Bank

Last Updated: Tuesday, April 3, 2012, 09:45

At a time when the government has reasserted its resolve to speed up construction of highways in the country, the World Bank has raised the red flag over corrupt practices being employed by private contractors working on highway projects funded by it.

Govt hopeful of achieving road projects target for FY12

Last Updated: Thursday, February 16, 2012, 14:42

The government on Thursday expressed hope that it would achieve the target of awarding 7,300 km of road projects by the end of the current financial year.

IRB Infra subsidiary ties up Rs 3,300 cr for NHAI project

Last Updated: Monday, February 13, 2012, 20:06

IRB Infrastructure Developers on Monday said its subsidiary has tied up the Rs 3,300 crore required to execute a project awarded by the National Highways Authority of India.

NHAI retail bond sale oversubscribed

Last Updated: Thursday, December 29, 2011, 19:25

National Highways Authority of India's (NHAI) first sale of retail bonds has received bids for nearly five times the base amount so far, capitalising on investors' appetite for safe havens as the global debt crisis keeps domestic equity markets lacklustre.

Electronic toll collection on highways from next year: NHAI

Last Updated: Tuesday, December 27, 2011, 21:43

ETC shall replace the current cash tax payment system on the toll booths, where people have to pay after every 60-70 km stretch.

NHAI may opt for EPC route in bidding

Last Updated: Monday, December 26, 2011, 22:11

National Highways Authority of India (NHAI) plans to use the engineering procurement and construction (EPC) mode of road bidding for most of its projects, a senior official said on Monday.