Tag: road projects

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Highways ministry eyeing masala bonds to fund road projects

The road transport and highways ministry and its road building arm, NHAI, are evaluating the option to raise money through masala bonds as road construction projects gather pace. Masala bonds refer to a financial instrument through which Indian companies can raise money from global markets. As per sources, a London-based firm has approached the ministry […]

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Road projects will improve infrastructure and connectivity: PM

Prime Minister Narendra Modi has said that the CCEA approval of road projects in Odisha and Punjab would help improve the infrastructure and connectivity in these states. He informed that CCEA approved the development of four laning of Phagwara-Rupnagar Section of NH-344A in Punjab. The cost is estimated to be Rs 1,444.42 crore and the […]

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Maharashtra invites firm from Malaysia to invest in road projects

Maharashtra government held a discussion with the Malaysian firm Construction Industry Development Board (CIDB) Holdings on ways to increase collaboration for Nagpur-Mumbai Super Communication Expressway and other road projects. A delegation from the company recently met Chief Minister Devendra Fadnavis in Mumbai. Following Prime Minister Narendra Modi address at the Heads of Mission (HoMs) conference […]

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Developer allowed to divest 100% equity in road projects

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Narendra Modi has amended its earlier approval dated May 13, 2015 for permitting 100% equity divestment after two years of construction completion for all Build, Operate and Transfer (BOT) projects, irrespective of year of award. The approval would allow the concessionaire(s) / promoter(s) to […]

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