IL&FS to return incomplete road projects to NHAI for rebidding
5 years, 8 months ago

IL&FS to return incomplete road projects to NHAI for rebidding

Live Mint  

Debt-laden Infrastructure Leasing & Financial Services Ltd has agreed to return under-construction road projects to the National Highways Authority of India for fresh bidding, according to the minutes of IL&FS’s 22 April board meeting. In a meeting with NHAI officials, IL&FS did not object to inviting fresh bids for the under-construction projects provided that they arrive on “an amicable settlement of dues”. According to the minutes of the board meeting, IL&FS and NHAI discussed the future of 10 projects that are incomplete, at various stages of completion or where the financial closure has not been achieved yet. These projects will be taken over by NHAI for completion of balance work and claims of IL&FS would be settled, said the minutes of the meeting.

Work Projects Meeting Nhai Minutes  minutes  incomplete  meeting  tunnel  debt  work  projects  financial  rebidding  return  road  nhai  ilfs

History of this topic

CM promises time-bound completion of tunnel road project connecting Wayanad and Kozhikode districts
1 year, 1 month ago

CM promises time-bound completion of tunnel road project connecting Wayanad and Kozhikode districts

The Hindu  

Chief Minister Pinarayi Vijayan has said that the proposed four-lane tunnel road project on the Anakkampoyil-Kalladi-Meppadi route, an alternative for busy Thamarassery ghat road that connects Kozhikode and Wayanad districts, will be materialised in a time-bound manner. Speaking after inaugurating the Navakerala Sadas here on Thursday, Mr. Vijayan said the Kerala Infrastructure Investment Fund Board would fund the project and …

Zojila tunnel construction | 40% work over; terrain, weather challenges push completion deadline to 2030
1 year, 5 months ago

Zojila tunnel construction | 40% work over; terrain, weather challenges push completion deadline to 2030

The Hindu  

Difficult terrain and weather challenges have pushed the deadline for completion of the Zojila tunnel, which will provide all-weather connectivity between the Kashmir valley and the Ladakh region, to December 2030, according to officials. Officials said that while 40% of work on the 13-km-long tunnel is already over, the challenges posed by the terrain and weather are such that the …

Meet the work force behind India's strategic connectivity push in Ladakh
2 years ago

Meet the work force behind India's strategic connectivity push in Ladakh

India Today  

“Our chiefs say we have plans to continue working throughout this winter and we are proud to be part of this world-class project,” says a gleaming staff part of the Zojila Pass tunnel construction project. Such are the testimonials from construction workers, part of many infrastructure projects along our borders which help connect critical and strategic places of interest for …

NHAI extends deadline for bids for 3rd tranche of highways under TOT: Chairman
5 years, 3 months ago

NHAI extends deadline for bids for 3rd tranche of highways under TOT: Chairman

Live Mint  

The NHAI, which is eying an estimated ₹4,995 crore from monetisation of third bundle of highway assets, has extended the deadline for receiving bids by a month on demand from investors, its Chairman NN Sinha said on Friday. He said the fourth bundle of projects to be monetised is The National Highways Authority of India had invited bids for the …

Road projects likely to get a renewed push
5 years, 5 months ago

Road projects likely to get a renewed push

Live Mint  

New Delhi: Jammu and Kashmir’s road connectivity programme will get further boost as the National Democratic Alliance revoked provisions of Article 370 or the special status granted to Jammu and Kashmir. This will make the two union territories come under the Central government, which in turn is expected to give better focus on roads and infrastructure in that region, that …

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