NHAI to bear 80% land acquisition cost of Pune’s ring road
ROADS & HIGHWAYS

NHAI to bear 80% land acquisition cost of Pune’s ring road

The National Highways Authority of India (NHAI) has decided to bear major part of land acquisition cost of proposed Pune’s 170-km ring road connecting highways passing through the city and diverting heavy traffic out of city.

NHAI has appealed to the Maharashtra government that as the land acquisition cost in Maharashtra is high, it will bear 80% cost of the land and the latter should share the remaining 10%.

As per the Maharashtra government’s rule, owners are getting five times more compensation than the land’s cost given for government projects. As per NHAI policy, the land cost is capped at four times.

Union minister of road transport and highways (MoRTH) Nitin Gadkari said, “As Pune’s ring road is connecting various highways, including Satara road, Solapur, Ahmednagar road, Nashik road and Pune-Mumbai expressway, it will help traffic coming from other cities to reach destination without passing through Pune city. While NHAI has decided to bear the land acquisition cost for Pune’s ring road project, the state should bear the additional expense.”

Also read:
Government won't sponsor InvITs for road sector
NHAI, AITD sign MoU to promote R&D in highways


The National Highways Authority of India (NHAI) has decided to bear major part of land acquisition cost of proposed Pune’s 170-km ring road connecting highways passing through the city and diverting heavy traffic out of city. NHAI has appealed to the Maharashtra government that as the land acquisition cost in Maharashtra is high, it will bear 80% cost of the land and the latter should share the remaining 10%. As per the Maharashtra government’s rule, owners are getting five times more compensation than the land’s cost given for government projects. As per NHAI policy, the land cost is capped at four times. Union minister of road transport and highways (MoRTH) Nitin Gadkari said, “As Pune’s ring road is connecting various highways, including Satara road, Solapur, Ahmednagar road, Nashik road and Pune-Mumbai expressway, it will help traffic coming from other cities to reach destination without passing through Pune city. While NHAI has decided to bear the land acquisition cost for Pune’s ring road project, the state should bear the additional expense.” Also read: Government won't sponsor InvITs for road sectorNHAI, AITD sign MoU to promote R&D in highways

Next Story
Infrastructure Energy

Centre Sets National Standards For Renewable Power Use

The Central Government, in consultation with the Bureau of Energy Efficiency (BEE), has issued a new notification establishing minimum renewable energy consumption standards for designated power users across India. This framework replaces the 2023 notification and aims to accelerate the adoption of green electricity among consumers nationwide.Titled the Renewable Consumption Obligation (RCO), the regulation mandates that designated consumers — including electricity distribution licensees, open access consumers, and captive power users — must ensure a specified share of their total electric..

Next Story
Infrastructure Energy

Tata Power Signs Rs 12 Billion PPA For 80 MW Green Project

Tata Power Company announced that its renewable arm, Tata Power Renewable Energy Limited (TPREL), has signed a Power Purchase Agreement (PPA) with Tata Power Mumbai Distribution for an 80 MW Firm and Dispatchable Renewable Energy (FDRE) project.The Rs 12 billion project will combine solar, wind, and battery storage systems to provide reliable renewable power during peak demand periods, strengthening grid stability and meeting the growing energy needs of Mumbai.Scheduled for completion within 24 months, the facility is expected to generate around 315 million units (MUs) of clean electricity ann..

Next Story
Infrastructure Energy

KP Group Partners With South Korea On Green Hydrogen

KP Group has announced a strategic international partnership with South Korea’s Jeonbuk Province to strengthen cooperation in the green hydrogen sector. The agreement, signed on Tuesday, aims to advance the global clean energy ecosystem through technology collaboration and project development.According to a company filing, KP Group, through its subsidiaries KPI Green Hydrogen and Ammonia, signed a Memorandum of Understanding (MoU) with Jeonbuk Special Self-Governing Province, GH2 Solar Ltd, and AHES Co Ltd.“This collaboration marks a pivotal step in deepening international cooperation for ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?