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By floating SPV specific to a corridor, NHAI is aiming at diversifying its resource base and developing a sustainable and self-liquidating approach to raise finances.

NHAI forms wholly-owned SPV ‘DME Development’ for Delhi-Mumbai Expy.

17 Aug 2020 2:47 PM IST
August 17, 2020: National Highway Authority of India (NHAI) has registered a wholly-owned special purpose vehicle (SPV) company by the name of ‘DME...
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This web-based function was presided over by the chief minister of Haryana Manohar Lal Khattar.

Gadkari inaugurates & lays stones to 11 economic corridor projects worth Rs 20k cr in Haryana

14 July 2020 4:38 PM IST
July 14, 2020: Union minister for road transport, highways and MSMEs Nitin Gadkari today inaugurated and laid the foundation stones for 11 different...
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As part of the structure, a new company is being set up to act as the investment manager to the proposed InvIT.

NHAI to set up infrastructure investment trust to attract investors

3 July 2020 3:18 PM IST
July 3, 2020: National Highway Authority of India (NHAI) is in the process of setting up an Infrastructure Investment Trust (InvIT) to facilitate...
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All project documentation, contractual decisions and approvals are now being done through the portal only.

NHAI goes digital with cloud & AI-powered big data analytics platform

16 Jun 2020 1:23 PM IST
June 16, 2020: The National Highway Authority of India (NHAI) has gone ‘fully digital’, with the launch of cloud-based and artificial...
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The analysts reasoned it as due to govt spending on roads, ports and inland coastal shipping, increasing e-commerce sector, revised axle norms that reduced freight cost and rising the capacity of trucks.

Indian trucking to bounce back in 2021 with faster growth rate: Ken Research

13 Jun 2020 10:16 AM IST
June 13, 2020: Analysts at Ken Research in their latest publication “India Road Freight Market Outlook to 2024 – Driven by BS-VI Norms, revision in...
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The estimated outlay of BMP Phase 1 is Rs 5,35,000 crore. While the average cost of award stood at Rs 23.8 crore per km, 54 percent higher than the initial estimate of Rs 15.5 crore per km.

Bharatmala Phase-1 to delay till 2026 with 54% cost escalation: ICRA

12 Jun 2020 3:25 PM IST
June 12, 2020: The credit rating agency ICRA expects Bharatmala Pariyojana (BMP) Phase-1 to get completed by FY2026 as against the target of FY2022...
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With this solution, TCIL truck drivers receive an instant credit into their bank account, which they can then swipe at terminals or withdraw cash using ATMs.

DBS Bank launches UPI-based payment solution for TCI's truck drivers

10 Jun 2020 8:10 PM IST
June 11, 2020: DBS Bank India has partnered with the logistics player TCI to introduce a digital platform facilitating truck drivers with real-time...
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PMPML has 10,000 employees, 2000 buses, 370 bus routes, 20,000 trips a day and carries 12 lakh passengers daily.

CargoFL launches digital transport platform for Pune’s public transport

1 Jun 2020 12:59 PM IST
June 1, 2020: The artificial intelligence-driven technology company CargoFL went live with its Road Transport Management System (RTMS) for Pune...
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Overall the project will upgrade two major district roads and 11 state highways, with a combined length of 450 km, to two-lane standard across seven districts of Maharashtra.

India signs $177 mn loan deal with ADB to improve roads in Maharashtra

30 May 2020 9:58 AM IST
May 30, 2020: The Asian Development Bank (ADB) and the Government of India signed a $177 million loan deal to upgrade 450 kilometres (km) of state...
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He said, his ministry is working overtime to clear all arbitration cases with concessionaires.

India to construct roads worth Rs 15 lakh crore in two years: Gadkari

8 May 2020 9:22 AM IST
May 8, 2020: Union minister for road transport & highways (MoRTH) and MSMEs, Nitin Gadkari held a meeting via video conferencing with the members of...
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MHA Helpline Number 1930 and NHAI Helpline number 1033 may be used to seek assistance.

MoRTH sets up control room in MHA to help drivers during lockdown

4 May 2020 5:17 PM IST
May 4, 2020: To address the complaints of drivers on the passage of goods including empty trucks for inter-state movement, the government is utilising...
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Aramane Girdhar is a 1988 batch Indian Administrative Service (IAS) officer of Andhra Pradesh cadre.

Aramane Girdhar IAS, new secretary to ministry of road transport and highways

28 April 2020 9:08 PM IST
April 29, 2020: The central government has appointed Aramane Girdhar IAS as the new secretary to the ministry of road transport and highways along...
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