Kerala Waives Rs.7.41 Bn GST and Royalty for Two NH Projects
ROADS & HIGHWAYS

Kerala Waives Rs.7.41 Bn GST and Royalty for Two NH Projects

The Kerala government has announced a significant financial relief for two major national highway (NH) projects in the state by waiving ?7.41 billion in GST share and royalty charges. This move is intended to accelerate the development of these crucial infrastructure projects, which are expected to boost connectivity and regional economic growth.

The waiver applies to two key NH projects: the widening of the NH-66 and the NH-66 bypass project. These projects are crucial for improving transportation infrastructure, reducing travel time, and enhancing safety on the roads. The decision to waive these charges reflects the state government's commitment to supporting infrastructure development and addressing financial constraints faced by project developers.

By alleviating the financial burden on these projects, the Kerala government aims to ensure that construction progresses smoothly and within the projected timelines. The waiver is expected to facilitate faster completion of the projects, which will ultimately benefit commuters and contribute to regional development.

State officials have emphasised that this decision is part of a broader strategy to promote infrastructure development and enhance the overall quality of roads in Kerala. The government believes that investing in road infrastructure will have a positive impact on the state?s economy by improving connectivity and supporting local businesses.

This significant financial relief underscores the Kerala government?s dedication to fostering infrastructural growth and addressing the challenges faced by key development projects.

The Kerala government has announced a significant financial relief for two major national highway (NH) projects in the state by waiving ?7.41 billion in GST share and royalty charges. This move is intended to accelerate the development of these crucial infrastructure projects, which are expected to boost connectivity and regional economic growth. The waiver applies to two key NH projects: the widening of the NH-66 and the NH-66 bypass project. These projects are crucial for improving transportation infrastructure, reducing travel time, and enhancing safety on the roads. The decision to waive these charges reflects the state government's commitment to supporting infrastructure development and addressing financial constraints faced by project developers. By alleviating the financial burden on these projects, the Kerala government aims to ensure that construction progresses smoothly and within the projected timelines. The waiver is expected to facilitate faster completion of the projects, which will ultimately benefit commuters and contribute to regional development. State officials have emphasised that this decision is part of a broader strategy to promote infrastructure development and enhance the overall quality of roads in Kerala. The government believes that investing in road infrastructure will have a positive impact on the state?s economy by improving connectivity and supporting local businesses. This significant financial relief underscores the Kerala government?s dedication to fostering infrastructural growth and addressing the challenges faced by key development projects.

Next Story
Resources

Skyview by Empyrean is Making Benchmarks in the Indian Ropeway Industry

FIL Industries Private Limited, the parent company of Empyrean Skyview Projects that pioneered ropeway mobility solutions in India with Jammu’s Skyview Gondola, is currently developing the Dehradun-Mussoorie ropeway and is on track to complete Phase I by September 2026. The ropeway is set to be India’s longest passenger aerial monocable covering 5.8 km between the foothills of Dehradun in Purkulgam and MDDA taxi stand in the hills of Mussoorie in just under 20 minutes. The firm pioneered green mobility solutions in India with the development of the flagship Skyview Gondola in Jam..

Next Story
Technology

Creativity is for Humans, Productivity is for Robots!

On most construction sites, the rhythm of progress is measured by the clang of steel, the hum of machinery and the sweat of thousands. But increasingly, new sounds are entering the mix: the quiet efficiency of algorithms, the hum of drones overhead, and the precision of robotic arms at work. Behind the concrete and cables, an invisible force is taking hold: data. It is turning blueprints into living simulations, managing fleets of machines, and helping engineers make decisions before a single brick is laid. This is not the construction of tomorrow; it is the architecture of today – built on ..

Next Story
Infrastructure Urban

Bhartiya Urban Unveils ‘Bhartiya Converge’ GCC Enablement Platform

Bhartiya Urban has launched Bhartiya Converge, its latest business venture designed to become India’s premier platform for enabling Global Capability Centres (GCCs). The initiative offers an integrated ecosystem aimed at helping global clients gain a competitive edge in today’s rapidly evolving business environment. Focused on enhancing turnaround time and operational efficiencies, the company seeks to deliver better business outcomes powered by top-tier talent. Bhartiya Converge presents a customised and integrated suite of microservices that addresses the nuanced and evolving operational..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?