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
National Highways Authority of India (NHAI) will launch its maiden Infrastructure Investment Trust (InvIT) on 29 October, with which it aims to mop up Rs 8000 crore, as part of the government’s long-term plans to monetise road assets. According to the offer documents submitted with NSE, the issue will be opened on 29 October and … Read more
Finance Minister Nirmala Sitharaman on Monday said new streamlined approval process for PPP projects and monetisation of core infra assets will be formulated, which will help fast-track asset monetisation by CPSEs. Announcing a set of economic relief measures, she said the current process was long and required multiple approvals for public private partnership (PPP) projects. … Read more
MUMBAI: Mumbai-based Shrem Group, a family wealth investment office, is looking to double its asset portfolio in the road sector to Rs 15,000 crore under its infrastructure commonly called InvIT. The government’s push for rapid growth in the infrastructure sector will catalyse a massive fund flow in the Infrastructure Investment Trusts, Nitan Chhatwal, CMD of … Read more
New Delhi: Toll collections across National Highways in November so far have breached pre-Covid-19 levels to hover around 114% of those at the beginning of the year, a senior government official told ET. The number marks a sharp recovery in road traffic since March, when it had dwindled on account of the nationwide lockdown to … Read more
National Highways Authority of India (NHAI) is likely to exceed the 2020-21 target of awarding road projects covering 4,500 km, of which it has already awarded 40 projects covering 1,330 km in the first half of the fiscal 2020-21, the government agency said on Wednesday. NHAI said that despite the disruption caused by Covid-19 pandemic, … Read more