Stay updated with the latest news and articles about NHAI.
The divestment, subject to statutory and regulatory approvals, involves the transfer of assets to the Highways Infrastructure Trust (InvIT). This step aligns with PNC Infratech's strategic focus on optimizing its portfolio and aligning with the InvIT framework.
The SPVs made an upfront payment of the Concession Fee of Rs.6,111 Crs to the NHAI (TOT12 - Rs.4,428 Crs, TOT 13 - Rs.1,683 Crs) and subsequently received the Appointed Dates from NHAI for both projects.
NHAI is set to construct a logistics park in Bengaluru with an investment of Rs 1,770 crore. The project, which will be developed under a public-private partnership model.
In the first half of 2021, NHAI earned Rs. 165 on every FASTag as against Rs. 179 a year ago. From January to June 2021, NHAI collected 15,518.8 crores from tolls as compared to Rs 7,786.76 crore last year.
The remarks were made during a virtual conference on Saturday. During the conference, Gadkari dedicated a 3.75-km long four-lane elevated corridor in Deesa town in Gujarat to the nation, during the virtual conference.
A drive from Delhi to Meerut in Uttar Pradesh will be a matter of just 45 minutes instead of nearly 1.30 hours taken currently. The expressway connecting the two cities is now almost complete.