Ministry sets up Control Room to Tackle Highway disruption during rains
Government to finish mapping all highways via GIS
The Centre announced its intention to finalise the GIS mapping of all national highways, encompassing the delineation of the jurisdictions of state-owned developers, with the aim of enhancing the planning, execution, and monitoring of the road network, as well as ensuring the timely completion of projects. In line with this initiative, the ministry of road transport and highways (MoRTH) informed all project implementing units of the National Highways Authority of India (NHAI), Border Roads Organisation (BRO), National Highways and Infrastructure Development Corporation (NHIDCL), and the minist..
MoRTH looks at record Rs.600 billion from monetisation in FY25
The Union Ministry of Road Transport and Highways (MoRTH) is looking to raise a record Rs.600 billion from monetisation in the current fiscal. While the marque toll-operate-transfer (TOT) highways will form a large portion of the exercise, a third of this money is likely to come from the NHAI InvIT and private InvITs that may be directly offered road projects for the first time this year.
The higher monetisation in FY25 is expected to maintain the momentum gained in last fiscal when for the first time a sum of Rs.3.83 billion was mobilised from ToT, InvIT and project-based financing..
Govt Explores Land Value Capture for Infrastructure Boost
In a bid to fortify funding for critical infrastructure projects, the Indian government is actively delving into innovative policy mechanisms to harness the escalating land values adjacent to road developments. The Ministry of Road Transport and Highways (MoRTH) has embarked on an exploration of global best practices to identify effective methods for financing its ambitious expressway projects, with a final decision expected post the new government's assumption of office.
The proposed strategy, under scrutiny by MoRTH, aims to leverage the surge in land values along forthcoming expressw..
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..
Pune-Mumbai Travel Shortens: Cable Stayed Bridge Completion by 2025
Travelling between Pune and Mumbai is set to become faster and more convenient with the anticipated completion of a cable-stayed bridge by March 2025. This infrastructure marvel promises to significantly reduce travel time, easing the journey for commuters and enhancing connectivity between the two bustling cities. The cable-stayed bridge, with its sleek and modern design, is poised to become a symbol of technological advancement and architectural prowess in the region.
Once operational, the bridge will offer commuters a seamless experience, bypassing congested routes and reducing trav..