June 13, 2024 20:01 (IST)
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NHAI completes InvIT monetization of over Rs.16,000 crore through ‘Round 3’

National Highways Infra Trust (NHIT), the infrastructure Investment Trust by the National Highways Authority of India (NHAI), on Tuesday said it has successfully concluded fund-raising through ’InvIT Round-3’ for National Highway stretches of aggregate length of 889 kilometers at an Enterprise Value of over Rs.16,000 crore, which is the largest monetization by NHAI and one of the largest transactions in the history of Indian road sector.

Paytm FASTag users must procure tag from another bank by Mar 15: NHAI

New Delhi: In line with the guidelines issued by the Reserve Bank of India (RBI) regarding restriction on Paytm Payments Bank Limited, the NHAI on Wednesday advised Paytm FASTag users to procure new FASTag before March 15, 2024.

NHAI accepts first Insurance Surety Bond as bid security for NHAI TOT Bid for monetisation

New Delhi: To boost the liquidity and capacity of bidders, NHAI has accepted an Insurance Surety Bond for the monetization program of the upcoming bid of Toll Operate Transfer (TOT) Bundle 14.

Length of India's National Highways grow 59% in the last nine years

New Delhi: Union Road Transport and Highways Minister Nitin Gadkari Tuesday said the total length of the National Highways in the country increased by about 59% in the last nine years.

25 km 2-lane Chakabama-Zunheboto highway project aims to bolster Nagland's connectivity with northeastern states: Gadkari

New Delhi: The development of a 25 km 2-lane highway with hard shoulders, in Nagaland, from Chakabama to Zunheboto, aims to bolster connectivity with neighbouring states in the northeast region, said Union Minister Nitin Gadkari.

Daily toll collection through FASTag reaches record high of over Rs. 193 cr

New Delhi: The daily toll collection through the FASTag system achieved a historic milestone, reaching an all-time high collection of Rs 193.15 crore with 1.16 crore transactions recorded in a single day on April 29, the Ministry of Road Transport & Highways.

80.82 km Phagwara to Rupnagar section on NH-344A being executed in Hybrid Annuity Mode: Gadkari

New Delhi/IBNS: In a major boost to the road infrastructure in Punjab, the National Highways Authority of India (NHAI) has developed a 4-Lane wide section from Phagwara to Rupnagar on NH-344A.

Asset Monetization Programme: CDPQ-backed Maple Highways acquires Eastern Peripheral Expressway encircling NCR for Rs 6,267 cr

Kolkata/IBNS: Maple Highways, a dedicated India road investment platform created by global investment group CDPQ, Friday announced it has completed the acquisition of the Eastern Peripheral Expressway (EPE) that encircles the National Capital Region (NCR).

NHAI InvIT NCDs listed on BSE; Nitin Gadkari rings bell to mark the listing

NHAI InvIT Non-Convertible Debentures were listed on the Bombay Stock Exchange (BSE), the Ministry of Road Transport & Highways (MoRTH) said Friday.

Cabinet approves IISWC land transfer to NHAI

New Delhi, June 7 (IBNS): The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved the proposal for transfer of 4.64 hectares (46384 Sq. meters) of land belonging to the Indian Institute of Soil & Water Conservation (IISWC) Research Centre at Vasad, District Anand, Gujarat under the Indian Council of Agricultural Research to the National Highways Authority of India (NHAI) on payment of compensation amounting to Rs. 12.67 crore for extension and six laning of Ahmedabad - Vadodara Highway on NH-8.

NHAI signs MoU with TIDCO for Development of Multimodal Logistics Park in Tamil Nadu

New Delhi, May 15 (IBNS): The National Highways Authority of India signed an MoU with the Tamil Nadu Industrial Development Corporation Limited (TIDCO) in New Delhi on Monday, for the development of a Multimodal Logistics Park in the Ponneri Industrial Node area near Kamarajar Port in Tamil Nadu.