A toll gate on a highway. | Photo Credit: BASHKARAN N Starting April 1, as part of its annual revision, the National Highways Authority of India (NHAI) has raised toll rates on the access-controlled Bengaluru-Mysuru and Bengaluru-Hyderabad highways, and on the Hoskote-Devanahalli section of the Bengaluru Satellite Town Ring Road (STRR). On the Bengaluru-Mysuru access-controlled … Read more
The National Highway Authority of India (NHAI) has awarded two toll, operate and transfer (TOT) bundles 11 and 12 of a combined length of 400 km for Rs 6,584 crore, which is Rs 553 crore higher than the bids received in the first round that was later called off by the government. TOT model has … Read more
National Highway Authority of India (NHAI) aims to monetise 1,987 kilometres (km) of highways in 2023-24 through ‘toll operate transfer’ and infrastructure investment trust (InvITs) modes, people familiar with the development said. The highways body has lined up 30 National Highway sections as part of the plan, with the 124-km Trichy-Thuvarankurichi-Madurai (Tamil Nadu) section being … Read more
The bribe was allegedly sought in connection with a project in the Bangalore Chennai Expressway package. | Photo Credit: B. Velankanni Raj Directorate of Enforcement (ED), Bengaluru has provisionally attached a sum of ₹20 lakh, which was found in the office of Akil Ahmed, Regional Officer, NHAI, Bengaluru, under provisions of Prevention of Money Laundering … Read more
Union Minister of State for Tourism G. Kishan Reddy has urged Chief Minister K. Chandrasekhar Rao to ensure that the State government deposited before March-end 50 per cent of its share for acquiring land for the Regional Ring Road with the National Highways Authority of India (NHAI). In a letter to Mr. Rao, the Minister … Read more
A road had caved in at Akshayanagar following rain in Bengaluru on December 10, 2022. | Photo Credit: SUDHAKARA JAIN Taking note of newspaper reports that the police are not registering first information reports (FIRs) on the complaints of serious injuries and death caused due to potholes and bad roads, the High Court of Karnataka … Read more
The National Highways Infra Trust (NHIT), the infrastructure investment trust of the National Highways Authority of India (NHAI), will hit the market soon to raise ₹1,500 crore and another ₹5,000 crore by the end of this financial year. Officials told ET it will raise ₹1,500 crore via issuance of bonds carrying a coupon rate of … Read more
Terming the recent budget a “development-oriented” exercise, Union Road Transport and Highways Secretary Giridhar Aramane on Sunday said the pace of road construction will be further increased to achieve the target of expansion of national highways in the next fiscal. In the ongoing fiscal so far, he said, the National Highways Authority of India (NHAI) … Read more
Senior bureaucrat Alka Upadhyaya has been appointed as the chairperson of National Highways Authority of India (NHAI) as part of a major bureaucratic reshuffle effected by the Centre on Saturday. Upadhyaya, a 1990-batch IAS officer of Madhya Pradesh cadre, is currently Additional Secretary, Department of Rural Development. Sanjay Bandopadhyay, Additional Secretary, Ministry of Ports, Shipping … Read more
The National Highway Authority of India‘s first infrastructure investment trust has raised more than Rs 5,000 crore, Union Minister Nitin Gadkari said on Wednesday. Infrastructure Investment Trusts (InvITs) are instruments on the pattern of mutual funds, designed to pool money from investors and invest the amount in assets that will provide cash flows over a … Read more