As reported, the National Highways Authority of India (NHAI) received the Union Cabinet’s approval for setting up an infrastructure investment trust (InvIT) – permitting the body to monetise its completed national highways and therefore, fulfil its funding requirements.
NHAI has released Rs.4.57 bn for the maintenance of national highways in Kerala. The sum will be utilised for immediate renovation of roads and bridges, especially Cheruthoni Bridge, which was damaged during the 2018 floods.
The Delhi Development Authority (DDA) is set to give about 125 acre along the upcoming Urban Extension Road-II to the National Highways Authority of India to ensure completion of the project with the necessary funding.
The National Highways Authority of India (NHAI) will invite bids for 400 km long road stretches, in Jammu and Kashmir, Maharashtra, Haryana, Gujarat and Madhya Pradesh, as part of the fourth bundle offered under the toll-operate-transfer (TOT) mode.