NHAI plans Rs.1.5 trillion award for 6,000 km
ROADS & HIGHWAYS

NHAI plans Rs.1.5 trillion award for 6,000 km

State-run National Highways Authority of India (NHAI) plans to award 6,000 km of highways requiring over Rs.1.5 trillion investment in the current fiscal under the hybrid and engineering procurement and construction (EPC) route, with the share likely to be 65 per cent and 35 per cent respectively....

State-run National Highways Authority of India (NHAI) plans to award 6,000 km of highways requiring over Rs.1.5 trillion investment in the current fiscal under the hybrid and engineering procurement and construction (EPC) route, with the share likely to be 65 per cent and 35 per cent respectively. With investor interest in building Greenfield highway projects continuing to remain low, the NHAI, as per some reports, is unlikely to award projects on build operate transfer (BoT) mode in FY24 and continues to rely on tested hybrid annuity model (HAM) and EPC models. NHAI, one of the largest road developers in the country, had earlier planned construction of just over 5,000 km of highways in FY24 but this target may be revised upwards. In this context, the Union Minister for Road Transport and Highways, Nitin Gadkari, had earlier announced that the government was undertaking construction of several Greenfield expressway projects across the country. During an event on infrastructure financing, he informed that NHAI had raised over Rs 700 billion through various financing methods for construction of highway projects. Regarding infrastructure investment, the minister highlighted the importance of asset monetisation and mentioned that NHAI held a 27% share under the national monetisation pipeline. Additionally, the government was pursuing various models of monetisation for national highway assets including toll-operate-transfer (ToT) Infrastructure Investment Trust (InVIT) and project-based financing.

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Infrastructure Transport

Tunnelling Begins for Thane, Borivali twin tunnel project

Tunnelling work has commenced for the 11.84-km Thane–Borivali Twin Tunnel, set to be India’s longest urban road tunnel, marking a key milestone in Mumbai’s infrastructure development.As per a post shared by Mumbai Metropolitan Region Development Authority on social media platform X, the tunnel boring machine (TBM) ‘Nayak’—the country’s largest single-shield hard rock TBM for an urban tunnel—was launched by Devendra Fadnavis on Tuesday. The event was attended by Eknath Shinde and Sunetra Pawar, among other dignitaries. A second TBM, ‘Arjuna’, is expected to be launched so..

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Large Format Store Planned At M G Road Metro Station

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Infrastructure Energy

Government Cancels Auction Of Eleven Critical Mineral Blocks

The government has cancelled the auction of 11 critical and strategic mineral blocks after receiving a poor investor response and failing to attract a sufficient number of qualified bidders. The decision represents a setback to plans to ramp up domestic exploration and production of critical minerals amid global supply chain disruptions and rising demand for materials used in clean energy and advanced technologies. The mines ministry issued an annulment notice setting out the reasons for the cancellations. The annulment notice indicated that the auction process for five mineral blocks was canc..

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