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Toll-cum-annuity model for NH bids put in fast lane
The Centre plans to invite bids for national highway projects using a new toll-cum-annuity model. This hybrid approach combines build-operate-transfer and hybrid annuity model features. The revised agreement aims to optimise risk allocation and boost investor confidence significantly. The government will provide upfront financial support for certain projects with viability gap funding. This initiative seeks to revive private sector participation in infrastructure development.
Ceigall India JV emerges L1 bidder for Rs 705-cr Arunachal Pradesh highway project
Ceigall India said its joint venture with Sushee Infra & Mining has emerged as the lowest (L1) bidder for a road construction project floated by the Ministry of Road Transport and Highways (MoRTH), with an awarded cost of Rs 704.70 crore.
Ceigall India JV bags ₹705 crore Road Ministry project in Arunachal Pradesh
Ceigall India, through its joint venture with Sushee Infra & Mining, has emerged as the L1 bidder for a ₹704.7 crore Road Ministry highway project in Arunachal Pradesh, adding to a string of recent order wins across its infrastructure portfolio.
Ceigall India receives appointed dates for three HAM highway projects worth ₹4,050 cr
Shares of Ceigall India Ltd ended at ₹380.55, up by ₹22.20, or 6.20%, on the BSE.
RB Infrastructure Trust to transfer two BOT Highway assets with enterprise value of Rs 4,605 crore
IRB Infrastructure Developers announced a significant deal where its sponsored platforms will transfer two BOT highway assets, Solapur Yedeshi and Chittorgarh Gulabpura, to IRB InvIT Fund for Rs 4,605 crore. This strategic move reinforces IRB's position as a leading sponsor and O&M platform, propelling its ambition to build a substantial asset base in the coming years.
Higher performance guarantees from lower bids in highway projects: Road transport ministry
The government is tightening rules for highway project bids, demanding higher performance guarantees for offers exceeding 30% below original estimates. This move aims to prevent excessively low bids and protect the quality of national infrastructure. New guidelines, effective immediately, mandate E-Bank Guarantees for this additional security, explicitly rejecting surety bonds. This addresses a persistent trend of unusually low quoting in highway tenders.
Cabinet approves two highway projects for Rs 14,115 crore
The government has greenlit two major highway projects totaling Rs 14,115 crore. A 117.7 km access-controlled highway in Uttar Pradesh, designed for future expansion, will slash travel time between Kanpur and Kabrai by 58%. Additionally, an 8.1 km six-lane road tunnel in Delhi will significantly improve connectivity between West and South Delhi, minimizing disruption to the Southern Ridge Forest. These initiatives aim to boost infrastructure and facilitate efficient traffic flow.
Cabinet Approves Rs 14,115 Crore Highway Projects, Clears Rs 6,970 Crore Dwarka Tunnel In Delhi
The project will be developed under the Hybrid Annuity Mode (HAM) as part of the National Highways (Original) scheme.
Union Cabinet approves six-lane Dwarka tunnel, Kanpur-Kabrai highway worth Rs 14,115 crore
The Union Cabinet has greenlit two significant highway projects totaling over Rs 14,000 crore. A six-lane tunnel will soon connect Dwarka Expressway to South Delhi, easing congestion and boosting urban mobility. Additionally, a new greenfield highway will link Kanpur and Kabrai in Uttar Pradesh, promising faster travel and improved logistics for regional economic growth.
Road contractor stocks could gain as highway project awards gather pace: Equirus
Road construction stocks including NCC, KPIL, KEC International and Larsen & Toubro (L&T) could benefit from a revival in highway project awards, says Equirus' Vijay Agarwal, who expects around ₹1.5 lakh crore of road projects to be awarded this year.
Ashoka Buildcon bags highway project of USD 35.42 million in Guyana
Ashoka Buildcon bags $35.42 mln highway contract in Guyana
Ashoka Buildcon announced that it has received a letter of acceptance (LoA) for a four-lane highway construction project in Guyana.