To track progress of expressway projects, the Union government is to set up a monitoring committee. The move follows when the government found lacking in multiple aspects of three road projects, which were put on fast track by the National Highways Authority of India (NHAI). The Prime Minister's Office had taken note of this and decided to set up the panel.
Uniquest Infra Ventures, a JV between Malaysian firm Khazanah Nasional Berhad and IDFC, has acquired equity stake in Jetpur Somnath Tollways Pvt Ltd (JSTPL), which is implementing a 124-km BOT project connecting Jetpur and Somnath in Gujarat. At the helm is Athar Shahab, Chief Executive Officer, Uniquest, who has over two decades of experience in the field of investments
The Union government is to fast-track a few expressway projects in the country for the development of industry, said the Union Road Transport & Highways Minister Oscar Fernandes on November 20. The Mumbai-Vadodara Expressway is going to be paced up, the eastern & western peripheral expressways- we are going to take up, also Delhi Jaipur expressway, the Minister added.