Tag: hybrid annuity model
Highway projects get three more months of bitumen, diesel cost escalation cover amid West Asia crisis
New Delhi: The ministry of road transport and highways has extended the cost escalation compensation mechanism for bitumen and diesel used in national highway projects…
National highway contractors must get government permits for foreign workers, ministry clarifies
The road transport and highways ministry on Monday clarified that any national highway contractors or subcontractors hiring foreign workers must first get the required government…
Cabinet approves ₹24,000-crore highway projects in Varanasi to ease congestion
New Delhi: The Union Cabinet on Wednesday approved national highway projects worth more than ₹24,000 crore in Varanasi to ease congestion in the temple town….
Cabinet approves widening of NH-63 Armoor-Mancherial section under Hybrid Annuity Model
The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, today approved the widening of the existing Armoor-Jagtial-Mancherial Section of National Highway (NH)-63…
BOT snub: Rs 22,000 crore highway projects fail to attract bids
Four highway projects worth ₹22,000 crore failed to attract bids from private companies under the build-operate-transfer (BOT) model due to concerns over contract terms, particularly…