NHAI raises Rs 63 bn from NCR e-way monetisation

17 Nov 2022 CW Team

The National Highways Authority of India (NHAI) has raised Rs 62.67 billion from the monetisation of the Eastern Peripheral Expressway (EPE), half of the new ring road around the National Capital Region.

This will mark the largest such mop-up by a government agency from a single project.

With this transaction, NHAI has raised around Rs 110 billion through the monetising process so far in FY23, which is a little over half the Rs 200 billion targets for the road sector during FY23.

The Indian Highway Concession Trust, a joint venture of Maple Highways, a private company incorporated in Singapore, and the Canadian pension fund, CDPQ, has bagged the project under the toll, operate and transfer (TOT) model.

Infrastructure Transport

08 Oct 2025

Railways Clears Rs 1.12 Billion Six-Lane Bridge Near Amaravati

The Ministry of Railways has approved the construction of a six-lane road over bridge (ROB) at the E13 extension road between Mangalagiri and Krishna Canal stations in Andhra Pradesh, at an estimated cost of Rs 1.12 billion. The project, fully funded by the Railways, aims to improve regional connectivity and ease traffic flow towards the Amaravati Capital Region.The proposed bridge will provide a crucial link between National Highway-16 (NH-16) and Amaravati, crossing the busy Chennai–Howrah railway line near Vijayawada. Initially planned as a four-lane structure, the design has been upgrade..

Bombay HC Questions Cuffe Parade Redevelopment On Prime Govt Land

The Bombay High Court (HC) has raised serious concerns over the redevelopment of 33 acres of prime government land in Cuffe Parade, South Mumbai, under the Slum Rehabilitation Authority (SRA) scheme, calling it a potential misuse of public property under the guise of slum rehabilitation.In a strongly worded order issued on 1 October 2025, a division bench of Justices G.S. Kulkarni and Aarti Sathe observed that transferring such valuable land for private development amounted to “removing it from the public pool” and “throwing it open for commercial exploitation” in a city already depriv..

Delhi Plans Rs 20 Billion Twin-Tower Secretariat At ITO

The Public Works Department (PWD) has proposed an ambitious plan to construct a twin-tower secretariat complex at ITO in central Delhi, bringing together all scattered government offices under a single roof. The project, estimated to cost over Rs 20 billion, aims to create a modern governance hub that will reshape the city’s skyline.According to officials familiar with the plan, the proposal is awaiting approval from the PWD minister before being presented to the Delhi cabinet. If sanctioned, the new complex will replace Vikas Minar and an adjoining office block that currently houses the Del..