NHAI to decide on a model to sell its road assets

NHAI to decide on a model to sell its road assets

Feb 17, 2015

Insufficiency and mismanagement of funds continue to plague India’s transport agency. The NHAI has asked for expert opinion to develop a possible sale model for its road assets.   The National Highways Authority of India (NHAI) has turned to experts to find a model that will help the cash-strapped sector sell its road assets. The autonomous body wants to...

Road planning may involve officials from transport dept

Road planning may involve officials from transport dept

Jan 15, 2015

THANE: The state may soon involve representatives from the transport department while planning new roads. Public works minister Eknath Shinde, on Sunday, announced his plans to include a regional transport official in the planning committee to ensure new roads are made safer. via Road planning may involve officials from transport dept – The Times of...

NHAI turns to infra bonds

NHAI turns to infra bonds

Jan 7, 2015

Union Transport Minister Nitin Gadkari is apparently leaving no stone unturned to generate revenues in order to combat the cash-strapped state of the infrastructure sector in India. The Centre is trying to identify alternative routes to raise funds – from turning to infra bonds, to using slag instead of crushed stones for building roads. Gadkari said, “We...

Road ministry looks to raise capital

Road ministry looks to raise capital

Dec 9, 2014

The transport ministry is hoping to facilitate road construction with capital they intend to raise from toll revenues and minority foreign investors.   With the development of the road sector a key focus area for the Modi-led government, it is natural that the government will try to raise the requisite funds to achieve this goal. The road ministry is...

NHAI trying to mobilise funds for road infrastructure projects

NHAI trying to mobilise funds for road infrastructure projects

Dec 8, 2014

The National Highways Authority of India (NHAI) has been grappling with the shortage of funds with private players and banks pulling out of projects and the general economic slowdown.   Development of the road sector is a key focus area of the new government. In the budget speech in July, Finance Minister Arun Jaitley said, “We propose to allocate Rs...

Road developers can walk away from projects

Road developers can walk away from projects

Dec 5, 2014

India’s road development industry has suffered in recent years – the road sector has endured a slump in activity and production, which has significantly affected the completion of many large-scale projects and their being proposed in the first place. It is a sector of the transport industry in limbo, and there are lots of consequences – critics highlight that...