Delhi-Bengaluru Traffic Relief: Roadmap in Progress

Emirates Group's dnata eyeing M&A deals

The CEO of dnata, part of the Emirates Group, mentioned that they were exploring merger and acquisition (M&A) opportunities in various industries and regions, including South America. He stated that they were in discussions with approximately 40 companies at any given time, with numerous deals nearing finalization. Chief Executive Steve Allen informed Reuters that their focus primarily lay on acquiring small to medium-sized businesses.

He emphasised South America as a significant growth market, highlighting countries like Brazil. Additionally, he remarked on the potential for consolida..

NHAI secures 164 insurance bonds for road projects

The National Highways Authority of India, as stated by the ministry of road transport and highways, announced that it had received 164 insurance surety bonds (ISB) so far. These bonds comprised 20 for performance security and 144 for bid securities.

According to a statement issued after a day-long workshop on the implementation of insurance surety bonds (ISB) for NHAI contracts, NHAI stated, "Around 700 insurance surety bonds valued at around Rs 30 billion have been issued by different insurance companies so far."

The workshop aimed to assess the progress made in implementing I..

NHAI to Offer 12 TOT Bundles

The National Highways Authority of India (NHAI) is gearing up to offer 12 Toll-Operate-Transfer (TOT) bundles this year, aiming to enhance its asset monetisation strategy. These bundles, totalling hundreds of kilometres of national highways, will invite private sector participation to operate and maintain these road stretches.

The TOT model has proven effective in unlocking significant value from India's road infrastructure, providing NHAI with necessary funds to reinvest in further development. Recent TOT awards, including bundles 11 and 12, secured Rs 6,584 crore, covering key stret..