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Anand Mahindra proposes using solar panels on expressways
Trendingdesk •The businessman was inspired and captivated by a video posted by climate change activist Mike Hudema showing solar panel-covered bike lanes in South Korea
Aim to reduce road accidents, resultant deaths by at least 50% before 2025, says Nitin Gadkari
•The Union minister also praised Tamil Nadu for already having surpassed the goal, with a 53 percent fall in accidents in the state
ADB approves $177 mn loan to upgrade 450 km of state highways, major district roads in Maharashtra
•The Asian Development Bank (ADB) on Thursday signed a $177 million loan to upgrade 450 km of state highways and major district roads in Maharashtra
Union minister Nitin Gadkari claims coronavirus not natural and came 'from a laboratory': Report
Fp Staff •Nitin Gadkari was speaking in the aftermath of Finance Minister Nirmala Sitharman's announcements for small businesses.
Expect a financial package from govt in 2-3 days, situation 'very bad', says Nitin Gadkari to industry
•Nitin Gadkari said the government stands with the industry but it also needs to understand the government''s limitations.
Govt plans to construct highways worth Rs 15 lakh cr in next 2 years; auto scrapping policy soon: Nitin Gadkari
•Gadkari informed that he has directed the ministry officials to finalise the auto scrapping policy quickly, and said it will go a long way in cost reduction.
Coronavirus Outbreak: Road developers to incur Rs 3,700 cr toll revenue losses in March-June, says CRISIL
•Highway developers and toll operators are likely to incur toll revenue losses of about Rs 3,700 crore during March-June this year, while NHAI will lose Rs 2,200 crore in toll fee, Crisil Research said on Thursday
Toll collections to see 13% drop due to nationwide lockdown; revival likely to be slow: CRISIL Research
•Over the long term - fiscals 2019-2024, CRISIL Research said it expects toll collections to bounce back to a healthier compound annual growth rate (CAGR) of 11-12% on the back of new road construction.
FICCI suggests resuming operations of downstream industries to minimise COVID-19 impact on cement sector
•Industry body FICCI on Tuesday suggested the government to resume operations of downstream industries like real estate and construction of roads and highways to minimise the impact of COVID-19 pandemic on the cement sector
Govt task force calls for boosting private investment in highways; pegs road sector capex at Rs 20.33 lakh cr by 2025
•The task force on NIP has stressed the need for more private investment in highways and projected the total capital expenditure in road sector at Rs 20.33 lakh crore in fiscals 2020-2025