National Highways Infra Trust (NHIT)

Work Commences on Undersea Rail Tunnel for Mumbai-Ahmedabad Bullet Train Project - 16 Jul, 2024

The National High Speed Rail Corporation has announced the commencement of work on a seven-kilometer undersea rail tunnel as part of the ambitious Mumbai-Ahmedabad bullet train project. The update also mentions significant progress in viaduct, pier, and bridge works along the corridor.

NHAI Awards Only 6 Km of Highways in Q1 - 12 Jul, 2024

National Highways Authority of India (NHAI) has awarded only 4 km of highway during April-June and just about 2 km of highway in July so far, compared to 611 km in the same quarter last year.

National Highways Infra Trust Construction Pace Slows Down - 11 Jul, 2024

The National Highways Infra Trust's construction pace has slowed down in the first two months of FY25, with awarding pace yet to pick up. The NHAI has set a lower construction target for FY25 at 5,000 km, and actual achievement is only 762 km in 2MFY25. Awarding contracts may have been slowed down due to elections and code of conduct.

Budget 2024 May Boost Investment in National Highways Infra Trust - 08 Jul, 2024

The upcoming Budget 2024 may increase investment limit up to Rs 2 crore and extend the lock-in period for notified bonds issued by NHAI, REC, PFC, or IRFC. The move aims to boost infrastructure development investments.

National Highways Authority of India Signs MOU for AI-Based Road-Sign Project - 07 Jul, 2024

The National Highways Authority of India has signed an MOU with IIIT Delhi to use AI for improving the number and quality of highway road-signs, enhancing safety and real-time traffic management.

National Highways Infra Trust to Source Land for Road Building - 05 Jul, 2024

The National Highway Authority of India will source 571 acres of land for building over 32 kilometers of roads required for the construction of a new port. The entire land for the port will be reclaimed from the sea, according to JN Port Authority Chairman Sanjay Wagh.

National Highways Infra Trust to Raise Funds via Bond Market - 01 Jul, 2024

The National Highways Infra Trust plans to raise funds for acquisition of functional highways through a bond issue in the current financial year. The size of the bond issue is expected to be between Rs 2,000 crore and Rs 3,000 crore. In 2024-25, the NHIT aims to acquire road assets worth Rs 15,000 crore to Rs 20,000 crore.

Government Aims to Construct 12,000-13,000 km of National Highways - 28 Jun, 2024

The Indian government plans to construct 12,000-13,000 km of national highways and award contracts for similar lengths to sustain momentum in highway construction. Amendments have been made to the BOT toll model concession agreement to enhance traffic estimation accuracy and increase lender interest in funding such projects.

NHAI Sets Up Review Cell for Highway Projects - 27 Jun, 2024

National Highways Authority of India (NHAI) has set up a cell to ensure the highest standards, cost-effectiveness, and timely completion of highway projects. NHAI also lowered its construction target by 22% for FY25 but plans to complete the Amritsar-Jamnagar expressway by Dec 2025 and the first phase of the Ahmedabad-Mumbai high-speed corridor by Aug 2026.

NH Infra Trust Achieves Milestones for Bullet Train Project - 26 Jun, 2024

The National High-Speed Rail Corporation Limited has achieved significant milestones for India's first Bullet Train Project, including launching a 130-meter-long steel bridge and completing a 120-meter bridge over Dhadhar River. Additionally, IHMCL invited global bids for Toll Charger Software to collect user fees on national highways and expressways.

NHAI Plans to Monetize Three Bundles of Highways Every Quarter - 18 Jun, 2024

National Highways Authority of India (NHAI) plans to monetize three bundles of highways every quarter as it chases a target of Rs 54,000 crore for monetization this financial year. Of the FY25 target, Rs 8,000 will come from project-based financing and Rs 46,000 crore from Toll-Operate-Transfer (ToT) and Infrastructure Investment Trust.