New Delhi, Jan 11 (IANS) The National Highways Authority of India (NHAI) has, in a landmark achievement, successfully created four Guinness World Records in its ongoing construction work on the Bengaluru–Kadapa–Vijayawada Economic Corridor of National Highway-544G, according to an official statement issued on Sunday.On January 6, the NHAI made two Guinness World Records near Andhra Pradesh’s Puttaparthi. The first was the record for the longest continuous laying of bituminous concrete, cover…
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New Delhi, Jan 6 (IANS) The National Highway Authority of India (NHAI) on Tuesday said it has sought the intervention of the Department of Telecommunications (DoT) and the Telecom Regulatory Authority of India (TRAI) to issue appropriate directions to Telecom Service Providers (TSPs) for addressing non-availability of the mobile network connectivity on several stretches of National Highways.As part of a comprehensive assessment undertaken by NHAI, 424 locations covering about 1,750 km across the…
New Delhi, Jan 5 (IANS) A former NHAI official’s assets totaling Rs 2.85 crore, including flats and jewellery, were attached by the Enforcement Directorate for his alleged corrupt practices and money laundering during his posting in Bihar from 2016 to 2022, an official said on Monday.The illegal assets were acquired by Prabhanshu Shekhar, the then Deputy General Manager (DGM), National Highways Authority of India (NHAI), Patna, Bihar, in his own name and in the names of his family members thro…
New Delhi, Jan 3 (IANS) Traffic and toll collection growth is expected to improve to 5-9 per cent in FY26, which will drive stability in the toll road sector through FY27, a new report has said.The report from ICRA said that the outlook on the toll road sector remains stable, paving the way for sustained growth.“On the back of benign WPI inflation, the inflation-linked toll rate hike is projected at around 3.2 per cent for newer projects and 1.6 per cent to 2 per cent for older projects in FY2…
New Delhi, Jan 2 (IANS) The National Highways Authority of India (NHAI) on Friday said that its Infrastructure Investment Trust (InvIT) — Raajmarg Infra Investment Trust (RIIT) — has received AAA (Stable) rating for long-term bank facilities by CARE Ratings Limited.The top-tier rating underscores the high degree of safety and reliability offered by RIIT’s debt instruments, making it among the most secure investment options available to investors.“This milestone reinforces RIIT’s position…
Hyderabad, Dec 30 (IANS) The Telangana government has urged Union Road Transport & Highways Minister Nitin Gadkari to allow toll-free movement on the Hyderabad–Vijayawada highway during the Sankranti festival season. Roads & Buildings Minister Komatireddy Venkat Reddy has written a letter to Gadkari, seeking temporary toll-free movement on the highway during the Sankranti festival season from January 9 to January 18 to ease massive festive traffic.He brought to the notice of the Union …
New Delhi, Dec 24 (IANS) The National Highways Authority of India (NHAI) on Wednesday said it has received approval from the Securities and Exchange Board of India (SEBI) for Raajmarg Infra Investment Trust (RIIT) as a Public Infrastructure Investment Trust (InvIT).According to Ministry of Road Transport and Highways, the Public InvIT aims to unlock monetisation potential of the National Highway assets while creating a high-quality, long-term investment instrument primarily targeting retail and …