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NHAI's road assets monetisation can raise up to Rs 60,000 cr FY25: ICRA

NHAI's road assets monetisation can raise up to Rs 60,000 cr FY25: ICRA

Rating agency ICRA has stated that state-owned NHAI's targeted asset monetization of road assets could raise the government up to Rs 60,000 crore in the current fiscal year. In April 2024, the National Highways Authority of India (NHAI) released an indicative list of 33 road assets it plans to monetize in FY2025, through a mix of toll-operate-transfer (TOT) and sale to the NHAI's Infrastructure Investment Trust (InvIT). These assets are spread across 12 states, cumulatively spannin

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NHAI Organises Workshop on Implementation of Insurance Surety Bonds in National Highway Contracts

NHAI organized a workshop in New Delhi on implementation of Insurance Surety Bonds (ISB) for NHAI contracts. The objective of this workshop was to review the progress made in the implementation of Insurance Surety Bonds and encourage participation from the stakeholders for wider adoption of the instrument.  The workshop was addressed by Shri Rajendra Kumar, Member (Finance) NHAI; Shri A. K. Singh, CGM (Finance) NHAI; Shri N. B. Sathe, Advisor, NHAI; and Smt. Mandakini Balodhi, Director,

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NHAI Organises Workshop on Implementation of Insurance Surety Bonds in National Highway Contracts
NHAI took strict action against Toll Operating Agency for Misbehaving with Highway Users

NHAI took strict action against Toll Operating Agency for Misbehaving with Highway Users

New Delhi: NHAI has taken strict action against a toll operator and its employees, Ms. Riddhi Siddhi Associates, for an incident of assault and misbehavior with the users of the National Highway at Sirmandi Toll Plaza on the Amritsar-Jamnagar section in Rajasthan. This is a clear message that misbehavior with the general public by toll operators and their employees will not be tolerated. An incident of assault and misbehavior by the employees of the toll operating agency with highway users

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NHAI Organises National Workshop on Eco-friendly Measures for Holistic NH Development

To stimulate the infrastructure of a robust and sustainable National Highway network, NHAI organised a day-long national workshop in New Delhi to discuss different aspects of environmental impact assessment, planning and mitigation for holistic National Highway development.  Chief Guest for the event was Shri Anurag Jain, Secretary, Ministry of Road Transport and Highways. Shri Santosh Kumar Yadav, Chairman NHAI along with Guest of Honour Shri Jitendra Kumar, IFS, DGF&SS, MoEF&CC

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NHAI Organises National Workshop on Eco-friendly Measures for Holistic NH Development
NHAI invokes One vehicle One FASTag policy from 1 April

NHAI invokes One vehicle One FASTag policy from 1 April

From 1 April 2024, the National Highways Authority of India's 'One Vehicle, One FASTag' norm is effective. It aims to discourage the use of a single FASTag for multiple vehicles or linking multiple FASTags to a particular vehicle. NHAI had extended the 'One Vehicle, One FASTag' initiative compliance deadline to March-end, given the problems being faced by Paytm FASTag users. The basic principle of One Vehicle One FASTags is that each vehicle is associated with a single

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SPVs of IRB Infrastructure Trust make upfront payment of Rs 6,111 Crs to NHAI for TOT12 and TOT13 Projects

The SPVs of IRB Infrastructure Trust (Associate of IRB Infra), India’s largest highways infrastructure investment trust (InvIT), Viz. IRB Lalitpur Lakhnadon Tollway Pvt. Ltd. representing TOT 12 project, IRB Kota Tollway Pvt. Ltd., and IRB Gwalior Tollway Pvt. Ltd. representing TOT 13 bundle, have started tolling w.e.f. the 00.00 Hrs. on 1st April 2024. 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 su

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 SPVs of IRB Infrastructure Trust make upfront payment of Rs 6,111 Crs to NHAI for TOT12 and TOT13 Projects
NHAI Completes Largest InvIT Monetization of Over Rs. 16,000 CroreThrough ‘Round 3’

NHAI Completes Largest InvIT Monetization of Over Rs. 16,000 CroreThrough ‘Round 3’

New Delhi: National Highways Infra Trust (NHIT), the infrastructure Investment Trust by the National Highways Authority of India (NHAI), has successfully concluded fund-raising through ’InvIT Round-3’forNational Highway stretches of aggregate length of 889 kilometers at an Enterprise Value of over Rs. 16,000 crore, which is the largest monetization by NHAI and one of the largest transactions in the history of Indian road sector.The Letter of Acceptance (LOA) to raise the highest ever

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NHAI rolls down guidelines to issue FASTags

New Delhi: NHAI Issues Advisory for Paytm FASTag Users to Switch to Other Bank FASTag before 15th March 2024 after removing the Paytm Payments Bank from the list. To ensure a seamless travel experience and avoid inconvenience at toll plazas, NHAI has advised Paytm FASTag users to procure a new FASTag issued by another bank before March 15, 2024. This will help in avoiding either penalties or any double fee charges while commuting on National Highways. In line with the guidelines issued by

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NHAI rolls down guidelines to issue FASTags
NHAI collaborated with HLL Lifecare to provide medical assistance to accident victims

NHAI collaborated with HLL Lifecare to provide medical assistance to accident victims

New Delhi: The MoU will help NHAI to strengthen its existing Incident Management System, which includes Ambulances, Route Patrol Vans & Cranes, real-time tracking, and supportive supervision. This will improve response time and facilitate the referral of accident victims to the nearest health facilities, establishing a seamless process for incident management. This will include Operation & Management of Trauma Centres/Emergency Stabilization Centers to maximize assistance during the gold

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NHAI removes Paytm Payment Bank’s name from list of 32 banks authorized under FASTag

NHAI [National Highways Authority of India] has not included the name of the Paytm Payment Bank to the list of 32 banks authorized to issue new FASTag for vehicles, issued by the road tolling authority. The Indian Highway Management Company, the tolling arm of the NHAI, issued a list of 32 authorized banks to get FASTag on vehicles in a Twitter post. The sources further stated the government is apprehensive of the inconvenience that might be caused to Paytm FASTag users. According to official

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NHAI removes Paytm Payment Bank’s name from list of 32 banks authorized under FASTag

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