Latest Hybrid Annuity Model News & Updates

Varanasi, July 15 (IANS) Locals and Bharatiya Janata Party (BJP) leaders in Varanasi thanked Prime Minister Narendra Modi for the approval of the development of a link corridor between National Highway-19 (NH-19) and the Varanasi Ring Road with riverbank connectivity along the River Ganga, asserting that the project will increase the inflow of devotees into the holy city and generate employment opportunities.The Cabinet Committee on Economic Affairs, chaired by Prime Minister Modi, on Wednesday …

New Delhi, July 15 (IANS) Prime Minister Narendra Modi on Wednesday said the Centre has approved the construction of a six-lane state-of-the-art corridor along the banks of the Ganga in Varanasi, describing it as a major infrastructure project that will improve connectivity to the city’s key religious, educational and cultural landmarks while easing traffic congestion and accelerating economic growth in eastern Uttar Pradesh.In a post on social media platform X, the Prime Minister said the gover…

New Delhi, July 15 (IANS) The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on Wednesday approved the development of a link corridor between National Highway-19 (NH-19) and the Varanasi Ring Road with riverbank connectivity along the River Ganga for the decongestion of Uttar Pradesh’s Varanasi city at a total capital cost of Rs 14,447.64 crore, which will include a civil construction cost of Rs 6,037.85 crore and a land acquisition cost of Rs 541.11 crore under …

Mumbai, July 11 (IANS) Union Minister for Road Transport and Highways, Nitin Gadkari, on Saturday called for deeper cooperation among BRICS nations to build transport systems that are sustainable, resilient, inclusive and future‑ready.Addressing the third ‘BRICS Transport Ministers’ Meeting’ under India’s BRICS Chairship, he said common challenges relating to infrastructure financing, congestion, emissions, road safety and last-mile connectivity require collective solutions.The minister re…

New Delhi, June 3 (IANS) The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Wednesday approved the construction of a new coastal highway from Rameshwar to Paradeep on Hybrid Annuity Model (HAM) in Odisha.The highway will be constructed under two packages with a combined total length of 160.18 km and a combined total capital cost of Rs 8,300.79 crore.This will reduce travel time by about 2 hours and 30 minutes between Rameshawar and Paradeep, while provi…

Bhopal, Dec 22 (IANS) Union Health Minister JP Nadda is scheduled to perform bhoomi pujan for new medical colleges, starting with Dhar and Betul on December 23, as part of expanding facilities in underserved districts, said Rakesh Singh, Minister for Public Works Department. Also, Union Home Minister Amit Shah will visit Gwalior and Rewa on December 25 for the Abhyuday Madhya Pradesh Growth Summit, his first participation. He will issue letters of intent for investors who will invest a combined …