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HIGHWAY CONTRACT NORMS
ET Prime Special Series: Multibagger or Bankrupt - Part 58: The ICE veteran that quietly became an EV lightweighting storyMost auto ancillary investors think linear. Company makes Component X. EV disrupts Component X. Stock goes down. Every story does not fit t...- Centre allows big funds to bid for BOT highway projectsIndia's Ministry of Road Transport and Highways is opening build-operate-transfer road projects to large institutional investors. This poli...
- Govt said to have ruled out arbitration for highway disputes above Rs 10 croreThe Union road transport ministry has removed arbitration for highway disputes exceeding Rs 10 crore, opting for conciliation or mediation ...
- 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 ...
- NHAI tightens contract norms to curb delays, improve quality of highwaysIn a statement issued on Wednesday, the ministry of road transport and highways said the stringent conditions in various clauses under the ...
- Awarding of contracts for national highway construction in slow lane in H1: ReportA new Vision 2047 may replace Bharatmala Phase 2, bringing in a flurry of greenfield projects in the sector, which have higher capital inte...
- Reliefs for road builders extended till March 2023It has been decided that performance guarantee may continue to be released on pro-rata basis, as provided in the contract, if the concessio...
- IL&FS mess hits Zojila tunnel plan, government scraps firm's contractThe govt has scrapped the contract for building the Zojila tunnel project in J&K, which was bagged by IL&FS.
- Construction period of most NHs to be reducedSources said much time is not required for widening of highways to two-and-half lanes, which require limited land acquisition and green cle...
- NHAI: Won't invite bids till land is acquired for construction of roads and flyoversThe authority will not commence work on structures, such as flyovers, bridges and rail over bridges, until it has 100% of the land.
- Drivers' facilities called highway villages may become mandatory in new highway contractsDetailed project reports (DPRs) for all upcoming highways and expressways will have a mandatory provision to include highway villages, the ...
- NHAI seeks PMO help in saving abandoned road projectsNHAI has sought PMO help in salvaging projects abandoned by the developers and starting those projects that have found no takers till now.
- PMO launches rescue operation for India’s flagging highways sectorThe Prime Minister’s Office has launched a rescue operation for India’s flagging highway development programme which has seen few new proje...
- Road Ministry unlikely to award targeted 9,500 km projects by MarchThe official attributed the delays to a number of reasons including hardships in securing green clearances, problems in land acquisition an...
- NHAI to offer tolling and maintenance contracts to failed bidders for 3,000 km of highwaysThe National Highways Authority of India (NHAI) plans to award tolling and maintenance contracts for 3,000 km of highways for five to nine ...
- 'Peeved' 16 highway chief engineers quit in a huffOn Wednesday, 16 chief engineers of joint secretary rank in the road transport and highways ministry and NHAI put in their papers en mass.
- Progress on roadsThings are looking up in roads and highways, facing a huge investment backlog.
- A vital flexibility for roadsMove to rationalise bidding norms for highway projects is sensible.
- Centre relaxes norms to speed up highway projectsThe government made it easier for builders to execute highway projects by relaxing the norms for public-private partnerships in the road se...
- Regulator, monitoring units to oversee projects under PPPAccording to prevailing norms, the government appoints independent engineers who supervise the implementation of projects as per the MCA.
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