Tough Bidding Norms Slow NHAI Road Project Awards
Stringent bidding rules imposed by the Ministry of Road Transport & Highways (MoRTH) have led to a slowdown in project awards by the National Highways Authority of India (NHAI), despite a robust Rs 3.5 trillion pipeline. According to an HDFC Securities report, the shift to more cautious developer models now favours firms with strong balance sheets, as tighter qualification norms limit aggressive bidders.The revised norms mandate additional performance security, targeting the exclusion of players that previously submitted low bids—often 25 to 40 per cent below NHAI cost estimates—raisin..
Mumbai Gets Coastal Nod for Next Promenade Phase
As Mumbai prepares to open two major sections of its expansive seafront promenade this week, the city’s civic authority has secured a key coastal clearance to advance further construction. The Maharashtra Coastal Zone Management Authority (MCZMA) has approved the commencement of work on the segment between Haji Ali and Baroda Palace, with tendering expected soon after project cost assessments.The promenade, stretching 7.5 km in length and 20 metres wide, is being designed as a flagship open space for walkers, joggers, and cyclists. Two critical stretches—2.75 km from Tata Garden to Haji Al..
Delhi Seeks Rs 15 Billion for Road Upgrade from Centre
The Delhi government has requested Rs 15 billion from the Central Road and Infrastructure Fund (CRIF) to modernise the city’s roads, reduce dust-related pollution, and address traffic congestion. The proposal was put forward in June during a meeting between Chief Minister Rekha Gupta and Union Minister Nitin Gadkari, where ongoing Public Works Department (PWD) projects were discussed.A priority list of schemes will be shared soon, with the city targeting repairs to 600 km of roads this year and upgrades to 12 major traffic corridors. Gadkari also criticised the presence of toll plazas along ..
Latest Updates
