Only NIIF has stayed the course as a viable infrastructure financing institution.
The farmers threatened to intensify their agitation and block more roads if the government did not accept their demand.
The fibre optic cable project contract, from Kathmandu to Khasa in China, was signed in the Nepalese capital on Sunday, Xinhua news agency reported.
The company, which is bidding for 16 road projects worth Rs 10,000 crore (Rs 100 billion) this year from the National Highways Authority of India under the public-private-partnership model, intends to invest the money in the form of equity to set up special purpose vehicles to execute new road projects.
'Interim Budget has ignited the entrepreneurial spirit.'
Chief Minister Sukhvinder Singh Sukhu said efforts are on to rescue the 300 stranded people, and they could be airlifted as the weather clears. Power and water supply has been snapped in several areas.
Besides projects under the NHAI, the government earmarks funds for constructing roads, undertaken by various state government agencies and municipal corporations. Nath will be seeking Rs 6,000 crore (Rs 60 billion) for this.
Finance Minister Nirmala Sitharaman on Wednesday announced hiking the capital expenditure by 33 per cent to Rs 10 lakh crore for infrastructure development for 2023-24 and will be at 3.3 per cent of the GDP. Presenting the Budget for 2023-24, she said the newly established infrastructure finance secretariat will assist in attracting more private investment. "Capital investment outlay is being increased steeply for the third year in a row by 33 per cent to Rs 10 lakh crore, which would be 3.3 per cent of GDP.
But we have enough stacked up for another 2-3 months. We have come prepared for a long haul, Gurjaint Singh from Panipat said.
The World Bank assistance will be utilised for converting 6,372 km of one-lane highways to two-lane, out of the total of 19,702 km of single lane highways in the country.
The delegates from both sides will discusses issues, including connectivity at the Zero Point and the number of pilgrims to be allowed.
The abduction of a 50-year-old engineer in Kokrajhar district, western Assam, by suspected militants belonging to the anti-peace talks faction of the National Democratic Front of Bodoland has left the East-West Corridor project of the National Highway Authority of India in lurch.
"We have sought assistance from World Bank for 37,000 km of roads as we plan to take up work on these projects soon," Road Minister C P Joshi told reporters after a meeting with a World Bank delegation, headed by its South Asia Region Vice President Isabel Guerrero.
The public-private partnership model is a compulsion, says the minister.
Defence minister Rajnath Singh virtually conducted the final breakthrough blast of the Sela tunnel in Arunachal Pradesh and flagged of a 20,000-km-long motorcycle expedition of the BRO on Thursday.
To centralise process by setting up special units in each state.
The Planning Commission on Monday lowered the target for construction of roads under the NHDP scheme to 2,500 km for the current fiscal from 3,165 km in the previous year, which was not met by the road ministry.
Currently, roads are only entrusted with the authority which licences them to private developers who cannot provide such roads as security to avail loans from banks and other other institutions. Once the roads are vested with the NHAI, the authority can lease them to the developer who can securitise the property to raise money.
The use of such robots can not only save lives but can also help road construction companies cut down on labour costs.
For the current financial year, NHAI will receive Rs 8,500 crore (Rs 85 billion) as its share of road cess and its annuity payments are in the same range.
The minister tells Subhomoy Bhattacharjee that he wants to set up a financing corporation for the road and shipping sectors, which will throw up a business opportunity of Rs 25 lakh crore!
The government on Thursday postponed by one year the target date for completion of the first phase of the prime minister's ambitious Rs 58,000-crore National Highway Development Project.\n\n\n\n
The National Highways Authority of India (NHAI) has been under attack for delays in completion of its road projects as well as for poor corridor management.
The Kerala chief minister's four years in office may well be remembered for the way he handled Cyclone Ockhi, two floods, Nipah, and now COVID-19, reports Shine Jacob.
China on Thursday voiced its opposition to India's reported plans to hold the next year's meeting of G-20 leaders in Jammu and Kashmir.
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.
'Our target is to award Rs 25 lakh crore worth of projects that would result in creating 25 million jobs'
The Ministry of Surface Transport and Highways will set up a road safety fund with an initial corpus of Rs 120 crore (Rs 1.20 billion).
The 43 km stretch of the expressway is a part of the ambitious National Highways Development Project.
The Golden Quadrilateral Road Project, launched in 2000-01 by the National Democratic Alliance government, would be completed by end of December as only five per cent of the work remains to be completed.
In a stern 'perform or take VRS' warning to officials sitting on files, Union Minister Nitin Gadkari on Thursday asked them not to become obstacles in the way of India achieving world class infrastructure.
The first phase of the prime minister's ambitious Rs 58,000 crore (Rs 580 billion) National Highway Development Project, connecting four metros with four/six lane roads.
Prime Minister Nawaz Sharif on Monday inaugurated five 'Pakistan-China Friendship Tunnels' built at the cost of about USD 275 million (approximately Rs 1,800 crore) to restore a strategic road link to China via Gilgit-Baltistan.
Replying to a special calling attention motion on the issue by opposition parties, including DMK, Chief Minister J Jayalalithaa said her government would not encourage projects affecting people's welfare.
'The entire public needs to be evacuated immediately. Any day, the entire town can collapse.'
In view of the prime minister's visit, a few roads in the area will be closed for vehicles, while traffic will be diverted on some other routes, the traffic police said.
The B K Chaturvedi committee set up to recommend ways to implement road projects faster and more efficiently, has recommended that the National Highways Authority of India be given sovereign guarantees on the loans it raises from the market.
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