Roads

The National Highways Authority of India (NHAI) has signed a Memorandum of Understanding (MoU) with National Investment and Infrastructure Fund (NIIF) for cooperation in formation of SPVs to execute the fund arrangement for large size road projects particularly green field...

The proposed Expressway between Bengaluru and Chennai, a greenfield expressway of 285 km, is under Detailed Project Report (DPR) stage, Road Transport & Highways Minister Nitin Gadkari told parliament on 4 July 2019.

In order to create a ten trillion-dollar economy by 2032 India needs a robust and resilient infrastructure, says the Economic Survey 2018-19, tabled in parliament on 4 July 2019 by a Finance and Corporate Affairs Minister Nirmala Sitharaman.

The Government has granted final approval to National Investment and Manufacturing Zone (NIMZ) at Kalinganagar in Jajpur district of Odisha, said the Minister Commerce and Industry, Piyush Goyal in a written reply in the Rajya Sabha on 28 June 2019.

The World Bank is lending US$250 million for the development of 766 kms of Rajasthan’s Roads and Highways as part of the State Highways Development Project Phase-II.

The Ministry of Road Transport and Highways has identified stretches for development of about 9,000 km length of Economic corridors under the Bharatmala Pariyojna programme, Minister Nitin Gadkari has told Rajya Sabha on 24 June 2019.

Sikkim Chief Minister Prem Singh Tamang has sought priority development for of projects such as 60-bed hospital at Mangong, costing Rs.20 crore.

Issues relating to bring in more capital to the infrastructure sector such as highways, railways, telecom, auto-mobile and incentives for electric vehicles were highlighted during Finance Minister Nirmala Sitharaman Pre-Budget Consultation Meeting with stakeholders from Infrastructure and Climate Change Sectors.

India construction equipment market is projected to grow at a CAGR of 10% during 2019-2025, making it one of the key potential markets, according to a report by ResearchAndMarkets.

The National Highways Authority of India (NHAI) is expected to offer 550 km of toll-based road projects to private companies soon in a move to monetize assets.