New Delhi: India’s toll collection in 2024 could surpass ₹70,000 crore, government data indicates, as average daily collections continue to rise on the back of addition of new toll plazas and a pickup in economic activity.Electronic toll collection in the nearly 12 months till December 22 stood at ₹68,037.60 crore, a jump of 9.2% over … Read more
The National Highways Authority of India (NHAI) has decided to change the alignment of package 3 of the East Coast Road (ECR) from Marakkanam. Of the total length of 46 km, 30.8 km from Koonimedu to Aliyur will be a greenfield access-controlled stretch that allows motorists to clock up to 100 kmph. The road runs 15.2 … Read more
India will hike road toll charges across the country by 3-5% from Monday, officials said, after putting the annual increase on hold in April due to the country’s general elections. Toll charges in India are revised annually in line with inflation and highway operators put notices in local newspapers announcing hikes of 3% to 5% … Read more
The Ministry of Road Transport and Highways (MoRTH) has put plans in place to maintain the pace of highway development and construct 12,500 km of highways in the current financial year, a senior official on Wednesday said. Alka Upadhyaya, Secretary, MoRTH, said Rs 10,000 crore is planned to be raised through Infrastructure Investment Trusts (InvITs) … Read more
Three roads will be offered for fund raising through the Infrastructure Investment Trust (InVIT) of the National Highways Authority of India (NHAI) according to Transport Minister Nitin Gadkari. Speaking at the JPMorgan India Investor Summit, he said that a good response is expected for the same. “We (NHAI) are going to approach the capital market. … Read more
Mumbai: The Life Insurance Corporation (LIC) of India has managed to record double-digit gr-owth in FY21 despite new business premium lagging the previous fiscal until February this year. The corporation’s chairman M R Kumar revealed on Friday that business growth for the year FY21 was 10 per cent. Figures released by the insurance regulator reveal … Read more
New Delhi: Toll collections through FASTags are inching closer to 90% as the government continues to push the digital mode of transaction at National highways across the country. The National Highways Authority of India turned all lanes of toll plazas on National Highways into FASTag lanes Monday onwards. A statement issued by the authority on … Read more
NEW DELHI: The Centre aims to complete awarding of projects envisaged under Bharatmala, its flagship highways development programme, by 2023. The first phase of the Bharatmala scheme approved in 2017 includes construction of 24,800 km of national highways, in addition to 10,000 km of balance road works under the National Highways Development Programme (NHDP). The … Read more
National Highways Authority of India (NHAI) has suffered a revenue loss of about Rs 150 crore so far on account of farmers’ protest at toll plazas in Punjab, a senior official said on Thursday. Farmers, who are up in arms against three central farm laws, have been staging sit-ins at toll plazas in Punjab since … Read more