Highways Financial News

₹34,805 crore in FY24. The government expects this number to almost double in FY25. Back of the envelop calculations showed private investments were at ₹20,000 crore in FY23.

Amarnath Yatra to the 3,880-meter-high cave shrine in south Kashmir commences on June 29 and concludes on August 19. The Jammu and Kashmir administration has implemented extensive measures to ensure a smooth and secure pilgrimage for the thousands of devotees expected this year.

₹9,000 crore loan, two bankers aware of the matter said. While SBI, India's largest bank by assets, pitched 8.2% for a proposal by National Highways Authority of India’s (NHAI) infrastructure investment trust (InvIT) to raise ₹9,000 crore, NaBFID offered 8%. “This made other lenders come to the negotiating table," one of the two bankers cited above said.

A bus driver who drove into the path of a semi-trailer in western Manitoba last year was clearly at fault for the crash that killed 17 people but will not face charges, authorities said Wednesday.

DES PERES, Mo.—Susan Plank had been using an unremarkable highway exit next to a busy mall in this St. Louis suburb for about 4-1/2 years when her daughter finally spotted what avid fans say makes it special: a jar of pickles sitting atop a concrete barrier. Why in the world are there pickles in the median of the highway and who put them there? they wondered.

Nitin Gadkari stated on Tuesday that highway agencies should not charge tolls if roads are not in good condition, emphasizing that poor road quality and prolonged wait times at toll plazas are unacceptable, a TOI article stated. Speaking at a global workshop on satellite-based tolling, set to be implemented over 5,000 km this financial year, Gadkari underscored the necessity for highway agencies to provide efficient services before collecting toll fees. “If you don’t provide good services, you should not charge toll,” Gadkari asserted. “We are in a hurry to start tolling to collect user fees and protect our interest. When the condition of any road is not good I get numerous complaints and there are social media posts all over...You should collect the user fee where you provide the best quality road. If you collect toll on roads with potholes, mud, then there will be a backlash from people. We (political leaders) face people’s ire.” Gadkari emphasized that field officers of National Highway (NH) agencies must be sensitive to the public's pain caused by delays at toll plazas, advocating for a mechanism to quickly address grievances. The minister's remarks reflect a growing frustration among commuters regarding the state of highways and toll collection practices.

Tesla is recalling its futuristic new Cybertruck pickup for the fourth time in the U.S. to fix problems with trim pieces that can come loose, and failing front windshield wipers

bad loan aggregator, National Asset Reconstruction Co (NARCL), has received four expressions of interest in response to its call for a second round of bidding to take over the debt of Sion Panvel Tollways, people familiar with the matter said. The second round for the project that links Mumbai with its southeastern suburbs and Pune was called in May after the earlier three bids were rejected by NARCL due to their low value. This is the first move by NARCL to recover bad debt since it started operations in January 2022.

Traffic fatalities declined about 3% in the first quarter, according to preliminary data from the National Highway Traffic Safety Administration

Lok Sabha witnessed a display of linguistic diversity on Monday, with the newly-elected MPs taking their oaths in English and Indian languages, including Sanskrit, Hindi, Dogri, Bengali, Assamese and Odia. Prime Minister Narendra Modi took his oath in Hindi amid slogans of «Jai Shri Ram» from the treasury benches. Union Home Minister Amit Shah, Defence Minister Rajnath Singh, Road Transport and Highways Minister Nitin Gadkari, Women and Child Development Minister Annapurna Devi, Telecom Minister Jyotiraditya Scindia and Urban Development Minister ML Khattar were among those who took oath in Hindi. Education Minister Dharmendra Pradhan, the MP from Odisha's Sambalpur, took oath in Odia.

cloudburst, several areas of Arunachal Pradesh's Itanagar city have been inundated, causing significant damage to residents' property. Reports indicated that numerous houses and vehicles have been damaged due to the floodwaters. The capital complex witnessed incidents of landslides affecting both vehicle and house premises. Denizens are urged to remain vigilant and cautious amid the inclement weather conditions. Authorities have been monitoring the situation closely. Efforts are underway to assist affected residents and manage the aftermath of the natural disaster. The local administration has been taking all the necessary steps.

NCP MLA hit his motorbike on a highway in Maharashtra's Pune district. The accused, Mayur Mohite, was arrested after the incident on Saturday, police said, adding the car was speeding on the wrong side of the road. Khed NCP MLA Dilip Mohite Patil termed the incident as unfortunate and said he will not support any wrongdoing. The accident took place at around 9.30 pm on Saturday at Mauje Eklahare village on the Pune-Nashik highway in Ambegaon taluka, the police on Sunday said, adding the victim was identified as Om Bhalerao.

Amit Shah on Sunday chaired a high-level meeting in the national capital to review overall preparedness for flood management in the country. Union Minister of Jai Shakti, C R Patil, Minister of State for Home Affairs, Nityanand Rai, Secretaries of Ministries/ Departments of Home Affairs; Water Resources, River Development & River Rejuvenation; Earth Sciences; Environment, Forests & Climate Change; Road Transport & Highways; Chairman, Railway Board; Member & Secretary (I/c) NDMA; Director Generals of NDRF and IMD; Chairman(s) of CWC, NHAI and other senior officers of Ministries concerned attended the meeting. The meeting was held at the Ministry of Home Affairs in North Block.

A serious crash involving a school bus full of children and some adults on Highway 97 in B.C.’s Cariboo region Friday afternoon has resulted in dozens of injuries.

capital investment, increased allocations for rural schemes and a boost for housing programmes at their pre-budget meeting with finance minister Nirmala Sitharaman on Saturday. The full budget for FY25 is expected next month. Sitharaman underlined the Centre’s support to states through timely tax devolution and release of GST compensation arrears to stimulate growth, while nudging them to undertake reforms to gain maximum advantage from 50-year interest-free loans. The states also suggested higher assistance be provided to combat disasters and climate change, officials aware of the discussion told ET. Andhra Pradesh asked for central funds for the development of Amaravati as its capital, fresh funds and the clearance of arrears for Polavaram irrigation project and cheap power tariffs among other demands. “There was no demand on special package by any state,” an official told ET. The Telugu Desam Party, support of which is key to the NDA’s majority in Parliament, has just taken over in Andhra Pradesh.

road transport and highways (MoRTH) has set up a round the clock control room in view of the onset of monsoon, same as last year. “The control room has been set up to monitor the problems arising from heavy rains impacting the operation of national highways in the country, viz., disruption of traffic, accidents due to poor visibility and potholes, water logging, road obstruction and landslides etc,” it said in an office memorandum issued on Saturday. Dedicated teams have been deployed for control room duties which will include receiving calls from public as well as government agencies and monitoring electronic media platforms for monsoon related incidents pertaining to operation of national highways.

Amarnath Yatra set to begin in a week, Jammu and Kashmir Lieutenant Governor Manoj Sinha on Saturday said security arrangements have been tightened and facilities improved for the successful conduct of the pilgrimage. Jammu Additional Director General of Police Anand Jain has reviewed security arrangements along the Jammu-Srinagar national highway, emphasising the need for the highest level of alertness to scuttle any attempt by terrorists to disrupt the pilgrimage, officials said on Saturday. Taking part in the virtual 'Pratham Puja' ' which marks the ceremonial commencement of the Amarnath Yatra — at the Raj Bhavan in Srinagar on Saturday morning, Sinha said 'darshan' for the pilgrims across the country will start on June 29 when the yatra commences. «The (Shri Amarnath) Shrine Board and the J-K administration have made special arrangements for the pilgrims. In the last two years, the facilities for the yatris have improved a lot.»

Nirmala Sitharaman on Saturday underlined Centre's support to states through timely tax devolution and GST compensation arrears to stimulate growth. At the pre-budget meeting with state finance ministers, Sitharaman also nudged states to take advantage of the scheme under which the Centre gives 50-year interest free loan to states for undertaking specified reforms. In her remarks, the Union Finance Minister underlined the union government's support to states through timely tax devolution, Finance Commission grants, and arrears of GST Compensation being provided for providing stimulus to growth, an official statement said. Regarding the 'Scheme for Special Assistance to States for Capital Investment', Sitharaman mentioned that while most of the loans are untied, a part of it is conditional-linked to citizen-centric reforms by states and sector-specific capital projects and requested the states to avail these loans by fulfilling requisite criteria.

Lac La Hache and about an hour north of 100 Mile House, around 1 p.m.“Multiple air ambulances, BCEHS ground crews and several local fire departments responded to the scene,” Highway Patrol Cpl.

Manipur was set on fire. Intense gunfire has erupted in Gularthol in Manipur between Manipur Police Commando and suspected militants. While the check point falls under Jiribam district, the nearby Paithol village is in Tamenglong district. The incident took place at 10:20 pm on Wednesday. Police reinforcements rushed to the site but were ambushed by the miscreants. A gun battle ensued that lasted around half an hour. A fire tender that responded to douse the flames was also hit

National Highways Authority of India (NHAI) has entered into an memorandum of understanding with the Indraprastha Institute of Information Technology (IIIT, Delhi) to leverage artificial intelligence (AI) based solutions for improvement in the availability of road signs on national highways, a move aimed at enhancing road safety. The tentative length to be covered under this project shall be around 25,000 km, the ministry of road transport and highways said in a statement issued on Thursday. As per the agreement, IIIT Delhi will conduct surveys for collecting imagery and other data related to availability and condition of road signages on selected national highways stretches.