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Drafting faulty road DPRs may land officials in soup:Gadkari

Drafting faulty road DPRs may land officials in soup:Gadkari

New Delhi: In a stern warning to officials over faulty project reports, Union Minister Nitin Gadkari on Monday cautioned that officials concerned could be booked in case of accidents happening due to flawed road designing.
 

Road projects covering 10,000 km to be awarded this fiscal: FM Jaitley

Road projects covering 10,000 km to be awarded this fiscal: FM Jaitley

After simplifying procedures for building highways, the government plans to award a total of 10,000 km of road projects by the end of current fiscal, Finance Minister Arun Jaitley said Thursday.

 

Gadkari assures Arunachal of funds for road projects

Union Minister Nitin Gadkari has assured Arunachal Pradesh that all road projects including state highways and the Itanagar- Banderdewa four-lane national highway will be taken up without land compensation.

'Banks over-financed road projects, now crying foul'

'Banks over-financed road projects, now crying foul'

As the roads and highways sector grapples with a massive problem of funds going bad, the role of banks have come under scrutiny for "happily over-financing" a large number of projects without necessary due diligence and thus creating a 'scam-like' situation.

Easy exits to release Rs 4,000 cr to road developers: Ind-Ra

Easy exit options for completed road projects will release Rs 4,000 crore to developers, which can be ploughed back in infrastructure projects or used to retire debt, India Ratings and Research (Ind-Ra) said on Monday.

Developers allowed to divest 100% equity in road projects

The government Wednesday allowed developers to divest 100 percent equity in projects two years after the completion of such schemes, a move that can unlock investments worth about Rs 4,500 crore in the sector.

NHIDCL to award Rs 1.3-tn highway projects in tough terrain

The National Highways and Infrastructure Development Corporation (NHIDCL) will also be laying out 1,500 km of highways in various states under Modi government's ambitious Bharat Mala project.

Sadbhav Engineering-led JV bags Rs 454 cr road project in Punjab

"Company will lead the joint venture with 51 percent participation share," it said.

Centre announces Rs 20,000-cr road projects for North-East

Currently, Rs 31,025 crore worth of roads running into over 3,700 km are under development, which are being constructed by 10 players through 104 projects.

'Govt plans to sell road projects worth Rs 1L cr to foreign funds'

The government plans to sell highways projects worth Rs 1 lakh crore to foreign pension and insurance funds to attract overseas investments into the sector, Union Minister Nitin Gadkari said on Wednesday.

Land delays hit road projects; 31,000 hectares acquired in 3 years

Delays in acquisition of land for construction of highways has hit projects even as government has acquired over 31,000 hectares for building roads in the last three years, Parliament was informed Thursday.

IRB Infra ties up finance of Rs 1,756 cr to fund road project

IRB Infrastructure Developers on Tuesday said it has tied up finances of Rs 1,756 crore to fund a project with a total cost of Rs 3,177 crore.

Duty rejig on petrol, diesel to give Rs 40K cr for road projs

Finance Minister Arun Jaitley Saturday rejigged excise duty on petrol and diesel to make available an additional Rs 40,000 crore for road and highway development.

Progress on road projects indicates proactive govt: Crisil

Construction work in 12 road projects, which were awarded in FY 2014, has started, indicating a proactive government and faster approvals by the implementing agencies, a study by Crisil Research said.

Delays in decision making, flawed pacts hurt road sector: NHAI

Delays in decision-making by authorities, flaws in developer agreements and absence of a clear blueprint for highways have scuttled road sector's growth and PPP projects, NHAI Chairman R P Singh said on Tuesday.

Piramal buys roads in bet on infrastructure recovery

The conglomerate headed by billionaire Ajay Piramal is hunting for road projects put up for sale by stressed developers, betting a change of government will stimulate growth and revive an infrastructure sector plagued with delays.

Road Ministry may seek greater autonomy from new govt

According to an official in the ministry, more autonomy or free hand is needed for decision making for speedy execution of highway projects.

L&T awarded Rs 1,550 crore road project in Oman

Engineering and construction giant Larsen & Toubro (L&T) has won a Rs 1,550 crore road project in Oman, the company said Monday.

12 road projects worth Rs 6K cr lined up for CCEA approval

The CCEA is expected to clear about 12 road projects, entailing investments of over Rs 6,000 crore, over the next few weeks.

Govt clears Rs 1,912 crore of road projects in Bihar, Gujarat

The government on approved the widening of highways in Bihar and Gujarat at an estimated cost of Rs 1,912 crore.