Govt to build over 1,900 kms international roads by 2022 under Bharatmala

By Accommodation Times Bureau NEW DELHI The government is planning to develop 1,911 km of international connectivity road under Bharatmala project by 2022, Minister of Highway, Mansukh Mandaviya said in parliament on Thursday. He said, “Under the Bharatmala Pariyojana, it is proposed to develop 1,911 km of International Connectivity Roads and 3319 kms

Roads constructed under Bharatmala in AP worth Rs 44k Cr

By Accommodation Times Bureau NEW DELHI Under Bharatmala project, about 2,520 Km of roads amounting to Rs 44 thousand crores has been envisaged in the State of Andhra Pradesh, Ministry of Road Transport & Highways said on Saturday. Details of  Bharatmala Roads is as under: A.   Under Economic Corridor   Length  (in Km.) Status Madanapalli  –Pileru  Section of NH-71 54.86 DPR

Govt aims to build new India through construction of highways: Minister

By Accommodation Times Bureau AHMEDABAD Central Road Transport and Highway Minister, Mansukhbhai Mandaviya said it is inevitable to build highways for the development of the country. Under the leadership of Prime Minister, the government is putting special emphasis on the formation of states. On Sunday, he demolished the widening and strengthening work of Dholka-Vitamani

Mobilization of funds for Infra Development

By Accommodation Times Bureau NEW DELHI Government is very much conscious that development of infrastructure is crucial to boosting growth and expanding services in the country. The Government recently announced a major infrastructure push with the launch of Bharatmala programme. The Government has taken a number of steps to mobilize funds from various

NHAI Creates National Highways Investment Promotion Cell (NHIPC)

By Accommodation Times Bureau NEW DELHI The National Highways Authority of India (NHAI) has created a National Highways Investment Promotion Cell (NHIPC) for attracting domestic and foreign investment for highways projects. The cell will focus on engaging with global institution investors, construction companies, developers and fund managers for building investor participation in

Expansion of Highways Network under Bharatmala Project

By Accommodation Times Bureau The Cabinet has accorded approval to the investment proposal for the programme Bharatmala Pariyojana (BMP) Phase I on 24th October 2017 for 34,800 km and outlay of Rs 5, 35,000 crore. There are six components under this approved programme: i Economic Corridors 9,000 km ii Inter corridors and Feeder Roads 6,000 km iii National Corridors

NHAI sells long tenure bonds, borrows Rs 5 000 cr from EPFO for Bharatmala road project

By Accommodation Times Bureau Mumbai To help government’s Bharatmala road project, National Highway Authority of India (NHAI) sells long tenure bonds to country’s biggest debt buyer Employees’ Provident Fund Organisation (EPFO) and borrowed Rs 5,000 crore to aid the government’s road project. These bonds will mature in 15 years, but those securities have