At a time when some institutions have been dithering over lending to the National Highways Authority of India, doubting its financial strength, the agency is in talks with the country's largest lender, State Bank of India, to borrow up to Rs 10,000 crore (Rs 100 billion) at 8-8.5 per cent.
On his third death anniversary, even the probe into his murder has not progressed.
Senior Congress leader Shashi Tharoor welcomed the extradition of Tahawwur Hussain Rana, a key accused in the 26/11 case, and said everyone associated with the conspiracy of the Mumbai terror attacks must face the court of justice. He described Rana's extradition as a "step forward for justice." Rana, a Pakistan-born Canadian national and close associate of David Coleman Headley, is being brought to India after his last-ditch attempt to evade extradition failed. Tharoor expressed hope that the interrogation of Rana would provide more details about the Mumbai attacks and said he was "very glad" that Indian authorities managed to get Rana's custody.
According to a survey, of the 190 infrastructure projects facing delays, 70 per cent were delayed due to land acquisition problems. Forty projects by NHAI, 60 being implemented by Indian Railways and 28 power projects are facing difficulties in acquiring land. SLUs would expedite the time taken.
The United States-based software company Bentley Systems is eyeing major contracts in railways, roads, telecom, electricity, gas and water following government decision to invest over Rs 60,000 crore (Rs 600 million) in the infrastructure sector.
The engineer's murder is being linked to his letter to the PMO regarding improper utilisation of funds and the sub-standard quality of work in the Golden Quadrilateral Project.
Over the years, NHAI's expenses have spiraled due to sharp increase in land acquisition costs, while budgetary support has shrunk, leading it to fall back on internal resources and market borrowings
The family of National Highway Authority of India whistleblower Satyendra Dubey, whose murder in 2003 had sparked nationwide outrage, said on Saturday that it was not happy with the sentencing of three people in the case as "real culprits" are yet to be punished.
The meeting lasted for about two hours and a host of issues pertaining to the building of the corridor were discussed, an official said.
Three men were on Monday convicted of murdering young NHAI engineer Satyendra Dubey who paid with his life after he blew the whistle on corruption in the Golden Quadrilateral project in Bihar.
The move, if accepted, will help resolve nearly one-third of the 1,200 cases on payments pending in various courts in the country.
The National Highways Authority of India (NHAI) has been told to work on awarding contracts for around 100 projects, covering 11,151 km, over the financial year starting April 1.
R-Infra quoted Rs 42-crore (Rs 420-million) premium over the bids of rival companies such as GVK Power and Infrastructure Limited, GMR Infrastructure, B Sennaih and C&C, JMC Srei and Sadhbhav, sources told Business Standard.
'... that it once again shies away from renewing its commitment to strategic divestment,' points out A K Bhattacharya.
The 100-km stretch of Mumbai-Ahmedabad highway claimed at least 62 lives.
Dhanajay said it was not just his family but hundreds across the country who questioned CBI's probe into Satyendra's murder.
Uday Chaudhary, one of the three accused in the murder of National Highway Authority of India engineer Satyendra Dubey, escaped on Monday from the Patna civil court premises when he slid his oversized handcuffs off and escaped.
An ambitious plan by the National Highways Authority of India to offer 126 road projects worth around Rs 1 lakh crore this year may face serious hurdles owing to a stiff clause introduced in the new Request for Qualification norms that will eliminate many bidders.
CBI Director Umashanker Mishra visited Gaya to review the situation in view of the FIRs his team is facing in connection with the suicides.
The bench comprising Chief Justice Ravi S Dhavan and Justice Shashank Kumar Singh was hearing a PIL filed by an advocate, M P Gupta, alleging that the future of the Golden Quadrilateral Project was in danger.
Anil Dhirubhai Ambani Group company Reliance Energy Ltd on Thursday announced it has bagged three road projects valued at Rs 2,320 crore (Rs 23.2 billion) from National Highways Authority of India.
The government needs about Rs 3.31 lakh crore (Rs 3.31 trillion) to meet its target of developing 35,000 kms of national highways over the next five years.
The charges were framed against Mantu Kumar, Uday Kumar, Pinku Ravidas and Shravan Kumar under sections of Indian penal Code and Arms Act by Additional district and sessions judge J M Sharma.
Indian Railways and the National Highways Authority of India alone would account for over 90 per cent of the total equity investment by the Centre. The government would pump in Rs 14,600 crore in the Railways to part-finance the Plan investment of Rs 39,545 crore. More than half of the investment of Rs 13,646 crore for NHAI would also come from the government equity at Rs 8,578 crore.
Implementation of the ambitious Golden Quadrilateral Road Project in Bihar was being delayed due to interference from local gangsters and contractors.
The National Highways Authority of India engineer had written a letter to the PMO about the corruption in Golden Quadrilateral Project in Bihar.
Armed with permission to issue Rs 10,000 crore (Rs 100 billion) of tax-free bonds in 2011-12, the National Highways Authority of India (NHAI) will issue the first lot worth Rs 2,500 crore by mid-May.
Road developers hoping for early relief from the government will have to wait longer.
Babloo Mehtar, Uday Mallah, Mantoo Paswan and Tutoo Paswan were produced before a designated court in Patna, which remanded them to CBI custody, agency sources said.
According to rickshaw puller Pradeep Kumar, the NHAI engineer's murder was a robbery bid gone awry.
A case has been registered under 120-B (criminal conspiracy), 302 (murder) of the IPC and various provisions of the Arms Act, CBI sources said.
'Like all right-thinking Indians, I am shocked and saddened by the murder of Satyendra Dubey, an upright and dedicated officer working with NHAI,' he said.
At least 27 Indian pilgrims, all from Maharashtra, who arrived in Nepal for a 10-day tour were killed and 16 others injured after their bus veered off the highway and fell into a fast-flowing river in central Nepal on Friday.
The earthquake rocked many parts of Thailand including its capital Bangkok, the venue for next week's summit of BIMSTEC regional grouping that is scheduled to be attended by Modi among other leaders.
