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
Dilip Buildcon bags Rs 860-cr road project in Chhattisgarh from National Highways Authority of India
Highway developer Dilip Buildcon on Thursday said it has bagged a Rs 860.50 crore road project in Chhattisgarh from the National Highways Authority of India (NHAI)
Construction segment stable due to strong orders, infra pipeline; land acquisition delays pose risk to transportation sector: Report
In the railways segment, the station redevelopment and the recently announced bullet train project is expected to provide significant opportunities to the construction companies, the agency said.
Budget and Beyond: In next decade, road infrastructure in India will be completely transformed, says Nitin Gadkari
Nitin Gadkari says he needs more money because a lot of land needs to be acquired for ambitious Rs 7.5-lakh crore Sagarmala project
NHAI reforms: Highways refinancing potential up 10 times to over Rs 1 lakh cr; dip in high-risk road projects
New highway projects due to major reforms by NHAI are seeing significantly shorter timelines for right-of-way and approvals.
As many as 403 road projects totalling Rs 3.85 lakh crore initiated during the UPA rule are pending, Nitin Gadkari told the Lok Sabha.
India recorded a 10-year low in investments in public-private sector in the year 2015, adding to contraction that pulled down the global investment to below its five-year average of $124.1 billion, the World Bank has said.
Gadkari said the country's first 'Highway Village' (known as Waste and Amenities Highway Village) would be set up in Chittorgarh which would provide jobs to 300 youths
The fact remains that the sector desperately needs investments and at this stage, the ability of the banking sector to fund these projects in a big way is limited.
The maximum number of 27 road projects will be taken up in Tehri, followed by 24 in Dehradun, 21 each in Chamoli and Pauri and 18 in Haridwar.
The meeting assumes significance as the progress of projects in the region has been sluggish
Two road projects worth thousands of crores were central to the recent split in the National Democratic Alliance, says a report in the Economic Times
While the cancellation of India's first mega project led to a blamegame between NHAI and the Ministry of Environment and Forests (MOEF), overbidding for PPP projects where the contractor overcommits annuity payments to the government may be the real reason for the pullout.