RVNL shares jump 6% on railway order worth Rs 967 crore. Check detailsRail Vikas Nigam Limited shares climbed more than six percent on Friday. The company emerged as the lowest bidder for a significant domesti...
Road ministry raises construction timelines for NH projects to up to six yearsThese normative construction periods will be applicable for all national highway projects to be bid out either on engineering, procurement,...
Road ministry decides to double 'defect liability period' under EPC contracts to 10 years: GadkariUnion Minister Nitin Gadkari announced that the government will double the defect liability period for contractors of EPC projects from 5 t...
Government to inspect 100% quality tests by contractors under EPC mode of highway constructionMinistry of road transport and highways on Thursday notified amendments to the model engineering, procurement and construction (EPC) agreem...
Road builders may be liable for 10 yearsUnder the EPC mode, the maintenance of highways is the responsibility of the central government after the defect-liability period is over. ...
IRSDC invites bid for commercial development of land parcel at Delhi’s Bijwasan stationThe developer will be allowed to build 5,00,000 sq ft on lease hold rights basis for a period upto 99 years. The station development tender...
Road projects have to be built on EPC mode, response on PPP tepid: Nitin GadkariThe government should opt for building projects on EPC mode, and monetising them, instead of depending on the private sector to bring funds...
Government approves 11 highway projects worth Rs 6,284 croreThe government has approved 11 highway projects worth Rs 6,284 crore for various states including Karnataka and Himachal Pradesh.
NHAI to award projects for 5,300 km of roads in FY 15-16: Satish Chandra, Member (Finance)"Last year, 700 kms were awarded under BOT mode and the remaining 2,400 kilometres under EPC mode. It was nearly double the achievement of ...
Highway projects to pick up in Q1 of the next fiscal: ICRAEfforts to fast-track clearances in the highways sector will yield positive results beginning the first quarter of 2015-16, rating agency I...
None of 21 NHAI road projects gets response from builders: Krishanpal GurjarHe said, "due to lack of equity in the market there has been a lukewarm response from the builders for the projects under PPP mode during 2...
NHAI plans to award 5,000-km highways contracts in 2014-15Authority proposes EPC mode for about 2,000 km and PPP mode for the rest, subject to market response.
Road Ministry pins hopes on EPC mode for award of projectsThe Road Ministry has already clarified that it has decided to adopt this road building approach for projects which are not viable on PPP b...
Highways can be built on Engineering Procurement and Construction modeHighway projects, which have become unviable under the public-private partnership mechanism for the developers, can now be built under the ...
- Road Transport and Highways Ministry hopes to utilise Rs 8,500 crore unspent funds by March
The Finance Ministry has expressed concerns over NHAI's inability to utilise funds raised through tax-free bonds last fiscal.
- 'EPC mode of road building to enable faster execution'
Engineering, Procurement & Construction in road building 'will minimise, if not eliminate, the time & cost over-runs', C P Joshi said.
- Government working on reviving EPC mode of road bidding
The roads ministry is working on reviving the EPC mode of road bidding where projects will be awarded outright and official role will be re...