Highways Financial News

₹1 to ₹1.5 lakh for the entire certification process, depending on the size of the drone," Khare told Mint. This fee is the lowest in the industry, making NTH an attractive choice for manufacturers looking for affordable certification services, the secretary said. Currently, only a few private agencies are engaged in testing these sub-parts and they charge between ₹10 lakh and ₹14 lakh for the certification.

Congress party, in its Lok Sabha election manifesto released on April 5, brought India's road toll collection policy into sharp focus. Saying that the current road toll rates are seen as excessive and exploitative by common people, the grand old party promised a big revamp of the same. The policy on road tolls will be reviewed, the party's manifesto said.

Solar Eclipse is on its way this April and will be visible across the United States but there's some bad news as well. According to New York Post, traffic congestion is expected which will have a significant impact across almost 30 interstates. Travelers who will be planning on visits to these regions need to plan due to the traffic congestion scheduled to happen when the solar eclipse arrives. Leave early if you want to reach your destination within the stipulated time.

Fox News chief national security correspondent Jennifer Griffin has the latest on the cleanup effort following the Francis Scott Key Bridge collapse on ‘The Claman Countdown.’

₹47,000-61,000 crore. These costs today are likely to be much higher. Compare this with the 2024-25 budget estimate of the ministry of jal shakti of ₹98,418.79 crore, of which only ₹21,028.11 crore goes to the department of water resources, river development and Ganga rejuvenation.

U.S. safety regulators have closed an investigation into complaints that steering wheels can fall off of some Toyota SUVs without seeking a recall

Patel Engineering, one of the major infrastructure and construction companies, was one such stock in this regard. After experiencing persistent selling pressure from January 2022 to February 2023, resulting in a 50% decline, the stock reversed its trajectory in the subsequent months and has since maintained a steady upward trajectory. Also Read: Six realty stocks delivered 100%-235% returns in FY24.

liquefied natural gas is catalysing energy companies and auto majors to gear up to serve the long-haul LNG trucking segment. To cater to these medium and heavy commercial vehicles, oil marketing companies are planning to expand the compressed natural gas dispensing infrastructure in their fuel retail outlets to dispense LNG. They are planning to set up LNG retailing outlets along major national highways. «Setting up of an LNG station will cost anywhere up to ₹8-₹12 crore. A fuel retail outlet costs only up to ₹1.5 crore. We are evaluating options to maximise investment and expand CNG dispensing stations to include LNG,» said a senior executive from an oil marketing company.

investor confidence while safeguarding the interest of all stakeholders, the CareEdge Ratings said on Tuesday. The ministry of road transport and highways (MoRTH) had last month revised the MCAs for bidding out toll road projects as it aims to bid out 53 projects, encompassing a total length of 5,214 km and a projected cost of Rs 2.10 lakh crore, for development under the BOT-Toll model. “The revised agreements have incorporated changes to tackle execution woes, ensure funding support during the construction period and mitigate lender’s risk in case of exigencies,” it said, adding it will help address challenges encountered during the execution, operational, and termination phases of BOT toll projects.

A defect may cause the cars to roll away while they’re parked.

U.S. highway safety regulators say traffic deaths fell 3.6% last year, but still, almost 41,000 people were killed on the nation’s roadways

National Highways Authority of India (NHAI) told Reuters. In FY23, India collected over ₹5,40,000 crore in toll collections compared to ₹2,52,000 crore in FY19, as per Reuters. The increase in revenue can be credited to the hiked toll taxes and the rise in the number of toll plazas.

Five dead lost their lives in a road accident in Madhya Pradesh's Chitrakoot. Three others were also critically injured in the accident. As per reports, the accident happened when a speeding dumper vehicle rammed into an autorickshaw. The injured have been admitted to a hospital.

Construction of Affordable and Mid-Income Housing Projects (SWAMIH I), has invested around Rs 300 crore in realty developer Hubtown’s residential project in Ghatkopar suburb of Mumbai, said persons with direct knowledge of the development. The project, Rising City, is near the Eastern Express Highway and it consists of six towers with a total of more than 700 apartments, of which 550 apartments are already sold. “The definitive documents for the financing transaction were registered a few days ago and the first tranche of the funds have already been deployed for the purpose of the project completion that will provide relief to more than 550 homebuyers awaiting delivery of their apartments,” said one of the persons mentioned above.

IRB Infrastructure Ltd, on Monday said its special purpose vehicles have made an upfront payment of Rs 6,111 crore to National Highways Authority of India (NHAI) for toll operate transfer projects. The SPVs made an upfront payment of the concession fee of Rs 6,111 crore to the NHAI (TOT12 — Rs 4,428 crore, TOT 13 — Rs 1,683 crore) and subsequently received the appointed dates from NHAI for both projects, IRB Infrastructure said in a statement. «The SPVs of IRB Infrastructure Trust (Associate of IRB Infra)… ,Viz. IRB Lalitpur Lakhnadon Tollway Pvt. Ltd representing TOT 12 project, IRB Kota Tollway Pvt Ltd. and IRB Gwalior Tollway Pvt. Ltd. representing TOT 13 bundle, have started tolling w.e.f. the 00.00 Hrs. on 1st April 2024,» it added. IRB Infra Chairman & Managing Director Virendra D Mhaiskar said following an exhilarating FY24, it is immensely thrilling to continue that momentum into FY25. Successful funding of two TOT projects amounting to over Rs 7,000 crore, ahead of scheduled time, is a remarkable achievement for us, he added.

Gadkari has said that it is ‘one hundred per cent’ possible for the country to get rid of petrol and diesel cars altogether to make India a green economy. In an interview with news agency PTI, Gadkari said “It is difficult but not impossible. This is my vision." Without a timeline to meet this ambitious target, the Union Minister for Road Transport and Highways vowed to get rid of over 36 crore petrol and diesel vehicles in the country.

National Highways Authority of India's 'One Vehicle, One FASTag' norm, which aims to discourage the use of single FASTag for multiple vehicles or linking multiple FASTags to a particular vehicle, has come into force from Monday, a senior official said. NHAI had extended the 'One Vehicle, One FASTag' initiative compliance deadline to March-end, in view of the problems being faced by Paytm FASTag users. «Multiple FASTags won't work… People who have multiple FASTags for one vehicle won't be able to use all of them from today (April 1),» the official told PTI. To enhance the efficiency of the electronic toll collection system and provide seamless movement at toll plazas, the NHAI has taken the 'One Vehicle, One FASTag' initiative that aims to discourage the use of single FASTag for multiple vehicles or linking multiple FASTags to a particular vehicle.

ministry of road transport and highways has issued detailed standard operating procedures for recording and digitising the sanction process for all road projects with effect from April 1, 2024. “The move is aimed at ensuring paperless, informative, transparent and accountable sanction process and has to be mandatorily followed for works being executed through the National Highways Authority of India,” it said in a notification. As per the notification, besides NHAI other stakeholders involved in construction of roads and highways will also be mandated to sanction projects based on the SOPs. These include the state government, the Border Road Organisation, the National Highways and Infrastructure Development Corporation and all project implementation units (PIUs) under the road ministry.

U.S. auto safety regulators are investigating complaints that more than 540,000 Ford pickup trucks can abruptly downshift to a lower gear and increase the risk of a crash

Experts say rebuilding Baltimore’s Francis Scott Key Bridge could take anywhere from 18 months to several years

A crane that can lift 1,000 tons has appeared near the site of a collapsed highway bridge in Baltimore as crews prepare to begin clearing wreckage