Highway Projects News
More than half the highways sanctioned in FY25 are in NDA allies-ruled AP and Bihar, plus poll-bound Maharashtra
Impending assembly elections and the reality of coalition politics seem to be influencing infrastructure development in India.
4 min read5 Sep 2024Cube Highways front-runner for NIIF’s Athaang Infra road assets in ₹4,000 crore deal
CPPIB, the other finalist, too had submitted a binding bid for the deal run by JP Morgan. Cube will now be given exclusivity to close the deal for the portfolio of five road assets totalling 230 km. The investor interest comes in the backdrop of highway awards expected to slow this year
4 min read4 Sep 2024Govt plans whitetopping technology to rehabilitate worn out national highways
The ministry of road transport and highways (Morth) is planning a new policy to reconstruct national highways that have worn out due to climatic factors and excess vehicular load.
2 min read26 Aug 2024Sluggish highway construction greets new govt at the Centre
The general elections and the monsoon season together have pushed down highway construction in the first quarter of FY25 even as expenditure on building infrastructure was strong with the road transport ministry deciding to frontload the capex plan for the sector.
3 min read26 Jul 2024Facing delays, MoRTH to appoint non-technical consultant to smoothen land acquisition process
Hiring a non-technical consultant would be significant given that highway construction has not kept up with annual targets for the past three years.
2 min read3 Jul 2024How NHAI plans to dodge a debt trap
India’s premier highway construction body is in a race against time to monetize its assets and pare its debt
9 min read8 Aug 2023Poll code may dampen road construction tenders in FY24
According to industry estimates, only around 9,000 km of highways may be awarded in FY24, as against just over 12,000 km awarded in FY23. The expected decline is similar to the trend seen before the 2019 general election when awards fell even more sharply from over 17,000 km in 2018 to 5,500 km.
2 min read8 May 2023Is Nitin Gadkari planning to quit politics? Here’s what cabinet minister said
Yesterday, Gadkari conducted an aerial inspection of the construction work of the Mumbai-Goa highway. The minister said the road will be open for traffic in January 2024
2 min read31 Mar 2023Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared