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CONCESSIONAIRE REPLACEMENT
CPI(M) alleges IAS officer's removal as Vizhinjam MD was to benefit AdaniThe CPI(M) has accused the Kerala government of facilitating Adani Group's interests by removing IAS officer Divya S Iyer from the Vizhinja...- New rules classify highway project failures as catastrophic; to affect contractor ratings & future contractsNew rules define catastrophic failures in highway projects. These failures will impact contractor ratings and future contract awards. Incid...
- Road ministry defines catastrophic failures to help in assessment of concessionaireNew rules from the Ministry of Road Transport and Highways define major highway failures. These failures, like bridge collapses or severe p...
- Centre mulls highway contract norms to woo private investorsThe government is set to revise highway contract rules. These changes aim to attract more private companies to build roads. New provisions ...
- DMRC vs DAMEPL: How defying SC-approved arbitration award shreds ease of doing businessWhen a government-owned entity disrespects an arbitration award for nearly five years, it makes India's aspiration, publicly aired at the h...
- View: The need to ensure efficiency in India's PPP projectsBefore deciding on any restructuring proposal, the tribunal must hear the concessionaire, the concessioning authority and the L2/H2 bidder....
- Government proposes new concession pact for investments in portsThe proposed MCA includes allowing changes in equity holding of a project so as to provide exit option to developers after six years.
- NHAI scanner on private companies for fund leak in 11 projectsIn three such projects even a single kilometer of road has not been completed whereas the fund withdrawn by developers is in the range of R...
- Haryana to find way to push forward stalled Western Peripheral Expressway project within a monthHaryana chief minister Manohar Lal Khattar said that completion of the stalled project is one of the priorities of the new state government.
- Cabinet may take up Road Ministry's proposal to amend MCAA Road Ministry official said the proposal seeks to allow highway developers to exit under the clause of Substitution (Agreement) in the Mo...
- Western e-way 5 years late, government to replace developerThe city will have to wait longer to get rid of unwanted trucks and other heavy vehicles which cause congestion on roads.
- After private sector's no show, government to fund eastern peripheral expressway projectTo push widening of the Gurgaon-Jaipur highway stretch, bankers have been asked to submit plans to replace the present developer before Aug...
- Delhi-Gurgaon Expressway battle closer to resolution as lenders agree to remove toll plazaIDFC will also replace the current concessionaire Delhi Gurgaon Super Connectivity Ltd (DGSCL) with another suitable party to take-over the...
- Lenders likely to accept DMRCThe DMRC decision to run the Airport Express line from Monday seems to be suiting everybody, including the lenders.
- Highway developers to be allowed to exit projects: Road MinistryUnder the new norms, lenders of the project (bank, financial institution) will have a say in deciding the exit of the developer.
- 'Complaints against Safal for selling poor quality veg/fruits'Several complaints have been received about poor quality of fruits and vegetables sold at Mother Dairy-owned Safal booths in New Delhi.
- FM P Chidambaram wants legal vetting of plan to replace laggard highway developersThe road ministry wants the leeway to substitute developers when they don't meet project milestones rather than wait for a default to happe...
- ‘Project takeover after studying liabilities’NHAI is blaming IDFC, the leader of the lending consortium, for the delay in taking over the Delhi-Gurgaon expressway from the concessionai...
- Airport Metro to miss August-end deadline for resumptionAirport Metro Express will miss its August-end deadline set by the government for resumption of services as the repair work undertaken by D...
- Now, ‘seepage’ in Airport MetroDays before the ministry of urban development decides on the deadline for finishing the repair work on Airport Metro Express, more 'defects...
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