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NHAI Ropes in Equity Partners to Fund the Overambitious Highway Projects

With a number of highway projects waiting to be passed and constructed, the National Highways Authority of India is planning to rope in various foreign pensions and several other equity investors to invest in their upcoming planned highway projects. A senior official from NHAI claimed that they are planning on doing this to reduce the burden of the overall expenditure. The projects that are levying on the equity partnership are expected to generate a whopping budget amounting to Rs. 46,000 crore.

The dire need of equity partners for funding primarily rose because of the over-subscription of the maiden bundle of the nine highway projects that were passed under the toll operate transfer (TOT) model which is expected to churn profits amounting to Rs. 10,500 crore. A representative of National Highways Authority of India exclaimed that they are seeking investors like that of National Investment and Infrastructure fund (NIIF). He further stated that the primary reason for equity is mainly

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NHAI’s Highway Utility App, Sukhad Yatra – A One-Stop Solution for a Hassle-Free Journey

by kavyach7 months ago

In a world where 6 out of 10 people own a smartphone, the best way to reach the target audience is through the medium that they spend the majority of their time in. Having a smartphone inadvertently declares the need for an application for the smoother functioning of a person’s daily life. In a time where everyone wants their activities cumulated and in a single platform, it surely doesn’t make sense to download multiple applications for highway utility when one is more than enough to address any issue that a commuter faces.

Keeping all of these factors into consideration, the National Highways Authority of India recently launched their very first highway utility application, Sukhad Yatra, a one-stop solution to every commuter’s problems. The final version of the application, developed by Com Vision (India) Pvt. Ltd., was launched on March 07 2018 by the honourable Union Minister of Road Transport and Highways, Mr Nitin Gadkari. The application received an overwhelming response by sur

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NHAI to Build Highways to Enhance Connectivity

Highways make a crucial contribution to economic development & growth. They bring important social benefits like providing access to employment, social, health and education services make a road network crucial in fighting against poverty. Highways open up more areas and encourage economic and social development. For these reasons, highways infrastructure is the most important of all public assets.

An efficient highway transport is a pre-requisite for the sustained economic development. National Highways are an integral part of the transport system. In order to maximize economic and social benefits, country’s highway network should be efficient. They play a significant role in achieving national development and contributing to the overall performance and social functioning of the community.

In India, only 2% of Indian road network comes under National Highways but it carries 40% of the automobile traffics. It signifies the importance of National Highways in the Indian economy. The nu

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Recent Technological Initiatives of NHAI

by kavyach7 months ago

The technology is progressing like never before. It is evident in the rate of technological upgradation happening across the world. The governments are leveraging technology like never before. Many of the problems, which have been dragging the development of the world, could be solved using various technologies and their applications. So, the government of India is leaving no stone unturned in using technology to churn out changes from the technology. It has advised its departments and bodies to prepare a ground for digitalisation. Accordingly, the NHAI has been implementing tech-based initiatives.

The National Highways Authority of India is a statutory body established under NHAI Act 1988. This autonomous body functions under the aegis of Ministry of Road Transport and Highways (MoRTH). The NHAI is vested with the responsibility of developing, managing and maintaining of the allocated portion of the National Highway Network.

The amount of trade happening across the country has been

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NHAI is Mulling to Pull Equity Investors to Finance Highway Projects

The investment climate in India is taking positive turn day on day. As investors see a ray of hope in Indian markets, many investments pour in across many core sectors. The National Highways Authority of India is contemplating this situation on how the highway sector could benefit out of this context. Accordingly, it has come up with a plan to rope equity investors to finance its development projects.

The National Highways Authority of India (NHAI), a statutory body of Government of India, is an autonomous authority under the aegis of Ministry of Road Transport and Highways (MoRTH), which was assigned with the development and maintenance of the assigned national highways. From its inception, it has been innovating new ways in fulfilling its responsibilities.

In its mission to revamp the national highway network, the NHAI is leaving no stone unturned. It has been experimenting new financial models to fund its massive projects. Recently it started experimenting financing models like Hy

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NHAI Created History by Awarding Projects Worth Rs 1,22,000 Crores

The infrastructure sector in India is taking more and more positive strides day on day. The Government of India is leaving no opportunity to improve the infrastructure in India. The roadway sector in India, which is one of the largest trade facilitators, is catching the momentum of infrastructure growth. The sector is pulling/attracting investments from across the globe. Accordingly, the National Highways Authority of India, in the financial year of 2017-2018, sanctioned highway development projects worth Rs 1.2 lakh crores. This feat by the NHAI reflects the prospects of the highways sector in India.

The National Highways Authority of India (NHAI), which is a statutory body of government of India, was created to develop and maintain a large chunk of the national highway network. This autonomous body works under the aegis of Ministry of Road Transport and Highways (MoRTH). For the past 2 decades, the NHAI has embarked on a mission to upgrade the status/condition of the national highwa

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NHAI Bonds, LIC and EPFO to Finance around Rs. 1 Lakh Crore for Highway Construction Programmes

The Road Transport and Highways Ministry have decided to raise around Rs. 1 lakh crore through a well devised off budgetary mechanism in the coming financial year in order to fund several of their highway construction projects. This hefty amount is going to be raised via the National Highways Authority of India’s bonds, institutional financing from the Life Insurance Corporation of India (LIC), from the Employee Provident Fund Organisation (EPFO) and also from various other market borrowings.

The Authorities from NHAI and the Road Ministry have claimed that they are also planning on generating the associated revenue via the highway monetisation programme under the popular Toll-Operate-Transfer scheme and also from the forthcoming and other future investment funds of NHAI. The Chairman of the National Highways Authority of India, Mr Deepak Kumar stated that they are currently working on strategies to generate Rs. 1 lakh crore for the forthcoming financial year. He further stated that 7

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Sukhad Yatra App and Toll-Free Number (1033) Empowers the Highway Commuters

by kavyach7 months ago

Union Minister for Road Transport & Highways Shri Nitin Gadkari launched the Sukhad Yatra App and Toll-free Emergency number for Highway commuters. The GPS-powered Sukhad Yatra app – designed and developed by ComVision (India) Pvt. Ltd. – will provide location-specific information on domestic and national highways of India, which includes location of Toll plazas nearest to the user’s location and their tariffs, the cost of travelling between two plazas or stations in nearby area, travel discounts, and public facilities among others.

Ministry Of Road and Transport has also launched a new toll-free number, 1033 along with the Sukhad Yatra mobile app. The toll-free number will enable users to report an emergency condition, or highway-related feedback, across the highway. The public-friendly app developed by NHAI is a great step that drives the safety of the highway commuters.

Sukhad Yatra App

The GPS-powered Sukhad Yatra app – designed and developed by ComVision (India) Pvt. Ltd. – wil

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National Green Highway Mission by NHAI for a Sustainable Environment on Highways

The growth of an economy is acknowledged by the highways in India, only 2% of Indian road network comes under National Highway but it carries 40% of the automobile traffics. It signifies the importance of National Highways in the Indian economy. But the growth of highways has some inevitable consequences like environmental degradation in the form of deforestation. The situation gradually becomes critical as the traffic is contributing in releasing greenhouse gases. This leads to global warming and loss of biodiversity.

With an aim to reduce the adverse effect of deforestation on the environment, National Highways Authority of India has taken some initiatives like “Adopt A Green Highway” programme. The National Green Highways Mission (NGHM) is established by Ministry of Road Transport and Highways (MoRTH) under National Highways Authority of India (NHAI) with a vision to develop green corridors along national highways for the sustainable environment and inclusive growth. National Highw

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NHAI to Award More Road Projects to Propel the BharatMala Programme Forward

According to recent reports, the National Highways Authority of India is set to award 3000 km of road projects in regards to push forward the BharatMala project. As per the roads and highways projects that were awarded in the last fiscal year, this autonomous organisation is set to augment the process and award more road projects this financial year. Unlike the 7200 km of road projects that NHAI awarded last year, they are considering on giving out 3000 km of such projects this year round and that too at the initial two months of the financial year.

In an issued statement, NHAI officials stated that they have given out 150 road projects stretching over 7200 km in the financial year of 2018 with an estimated expenditure of Rs. 122,000 crore. Amalgamating the projects in the last five years, NHAI has awarded projects stretching over distances of 2,860 km and the rest 4,335 km being awarded in the last financial year itself. They claimed that the road projects awarded in the FY18 were an

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