Latest news with #NationalHighway
India Gazette
6 hours ago
- Business
- India Gazette
NHAI Chairman visits Kerala to inspect highway projects in Trivandrum, Kollam
New Delhi [India], June 1 (ANI): To evaluate progress of various National Highway Projects in Kerala and to have an in-depth review, National Highways Authority of India Chairman, Santosh Kumar Yadav arrived in the State on Sunday, Ministry of Road Transport & Highways said in an official statement. He led a comprehensive inspection of project stretches in Thiruvananthapuram and Kollam districts, focusing on structurally sensitive areas and zones prone to drainage issues and water-related vulnerabilities leading to quality construction and enhancing public convenience. The inspection also covered key locations such as Enchakkal, Kazhakuttom, Chembakamangalam, Kottayam, and Mevaram. These sites include vertical high-cut sections and areas requiring urgent evaluation of stability and water flow management. The Chairman was accompanied by technical experts from the concessionaire, Independent Engineer, Project Director of Thiruvananthapuram and NHAI Regional Officer, Kerala. To comprehensively assess the progress on various National Highway projects in the state, a high-level review meeting has been scheduled. This meeting will include all NHAI Project Directors, concessionaires, consultants, and contractors involved in the implementation of National Highway projects across Kerala. Key discussion points will include expediting project timelines, enhancing construction quality, strengthening monitoring mechanisms, and minimizing public inconvenience. The NHAI Chairman will also meet the Chief Secretary of Kerala to address critical challenges affecting National Highway development. The meeting will focus on resolving systemic bottlenecks, improving coordination between agencies, and planning strategic interventions for smoother execution of current and future projects. NHAI is committed to create a world class National Highway network in the country and is going all out to ensure quality construction and seamless travel experience for National Highway users. (ANI)
The Hindu
12 hours ago
- Politics
- The Hindu
NHAI chairperson reviews progress of National Highway projects in Thiruvananthapuram and Kollam
Santosh Kumar Yadav, chairperson of National Highway Authority of India (NHAI) arrived in Kerala on Sunday to evaluate the progress of various National Highway projects in the State. Mr. Yadav led the comprehensive inspection of project stretches in Thiruvananthapuram and Kollam districts, focusing on structurally sensitive areas and zones prone to drainage issues and water-related vulnerabilities. The inspection also covered key locations such as Enchakkal, Kazhakuttom, Chembakamangalam, Kottiyam, and Mevaram. These sites include vertical high cut sections and areas requiring urgent evaluation of stability and water flow management. The chairperson was accompanied by technical experts from the concessionaire, independent engineer, project director of Thiruvananthapuram and NHAI regional officer, Kerala. To comprehensively assess the progress on various National Highway projects in the State, a high-level review meeting has been scheduled. This meeting will include all NHAI project directors, concessionaires, consultants, and contractors involved in the implementation of National Highway projects across Kerala. Key discussion points will include expediting project timelines, enhancing construction quality, strengthening monitoring mechanisms, and minimising public inconvenience. The NHAI chairperson will also meet the Chief Secretary to address critical challenges affecting National Highway development. The meeting will focus on resolving systemic bottlenecks, improving coordination between agencies, and planning strategic interventions for smoother execution of current and future projects.
Indian Express
3 days ago
- Business
- Indian Express
Prices of flats along Delhi's Dwarka Expressway doubled in the last 5 years: report
Prices of flats on the Dwarka Expressway, which connects Dwarka in Delhi to Kherki Daula Toll Plaza in Haryana's Guragaon, have doubled in the last five years — from Rs. 9,434 per square feet in 2020 to Rs. 18,668 per square feet in 2024 — according to a report by real estate data analytics firm PropEquity. The report said as many as 15,994 units were launched in the same period, and 16,502 were purchased. It added that 74 per cent of the flats on the Dwarka Expressway in the last five years came in Sectors 113, 37D, 106, 111, and 103. 'Between 2025 and 2030, over 18,000 units are expected to be launched, and over 15,500 units are expected to be absorbed on the Dwarka Expressway, reinforcing sustained future demand,' Samir Jasuja, Founder and CEO, PropEquity, said. Jasuja also said that 4-bedroom apartments have dominated the market in the last five years, with a price range of Rs 4.8 crore to Rs 8.6 crore According to PropEquity, 42,816 units were available in Dwarka Expressway between 2010-2024, and the number of units sold during this period stood at 41,899. 'With a robust land bank of 53 acres, Signature Global has recently launched over 3 million square feet here, and we have a strong upcoming pipeline of 6.4 million sq ft of saleable area in this location,' Pradeep Aggarwal, Founder and Chairman, Signature Global, said. The 29-km Dwarka Expressway, also called Northern Peripheral Road, was proposed in 2006 by the Haryana Government as an alternative route to National Highway-48, connecting Delhi with Gurgaon. Initially slated to be an 18 km project, 14 km of the expressway was operationalised in 2016. Later, the National Highways Authority of India (NHAI) took over the project, reworked the alignment and categorised it as a National Highway (NH-248BB). The foundation stone was laid in 2019, and 19 km of the Gurgaon stretch was inaugurated in 2024 by Prime Minister Narendra Modi. This 8-lane elevated expressway connects Shiv Murti on NH-48 to Dwarka and terminates at Kherki Daula Toll Plaza in Gurgaon, thereby reducing the travel time between cities, IGI Airport, workplaces and entertainment hubs.
Time of India
4 days ago
- Business
- Time of India
PNC Infratech has executed over 90 major infra projects: CMD Pradeep Kumar Jain
PNC Infratech has executed over 90 major infrastructure projects in the country including roads, highways, expressways and bridges, the company's CMD Pradeep Kumar Jain said. Jain shared the update on projects in a letter to stakeholders on the occasion of completing 10 successful years since its listing on stock exchanges. Jain said till now, the company has executed over 90 major infrastructure projects spread across 13 states, including roads, highways, expressways, bridges, flyovers, airport runways and other pavements and industrial area development projects. In the period from FY 2015 to FY 2024, the revenue has grown from Rs 1,561 crore to Rs 7,699 crore, at a CAGR of 19.4 per cent. On the profitability front, the company's EBITDA has grown from Rs 217 crore to Rs 1,277 crore a CAGR of 21.8 per cent, and profit after tax has grown from Rs 100 crore to Rs 850 crore at CAGR of 26.8 per cent (in the period from FY 2015 to FY 2024). Live Events On May 23, PNC Infratech announced it has completed the stake sale in 10 of the company's road assets to Highways Infrastructure Trust (HIT). Highways Infrastructure Trust (HIT) is an Infrastructure Investment Trust (InvIT), whose sponsor is affiliated with funds, vehicles. This divestment is aligned with the company's strategic objective of recycling the capital invested in operating road assets and reinvesting the capital in fund-based opportunities in the infrastructure space, it added. In January 2024, it executed definitive agreements with HIT to divest 12 of its road assets, comprising 11 National Highway (NH) Hybrid Annuity Model (HAM) assets and 1 State Highway BOT Toll asset with approximately 3,800 lane-km aggregate length, located in Uttar Pradesh, Madhya Pradesh, Karnataka, and Rajasthan, in two tranches.
Time of India
24-05-2025
- Business
- Time of India
Govt highlights progress in infrastructure welfare in Kerala
T'puram: Chief minister Pinarayi Vijayan on Friday released the LDF govt's progress report 2025, marking the culmination of its fourth-year celebrations. The CM said the Left govt's decisive intervention was the reason for the realisation of the National Highway development projects in the state — a key achievement highlighted in the report. The CM noted that the Centre showed signs of abandoning the projects, but the LDF govt revived them through sustained efforts. The report claimed that it was the Left govt that made the national highway development a reality. Speaking at the closing ceremony of the fourth anniversary celebrations, Vijayan said the overall transformation of Kerala was being acknowledged by the people. "The crowd at the rally is evidence that the people have embraced this change," he said. With reference to the ongoing highway construction issues, he said that the UDF and BJP are reacting like something unexpected happened in the state. But it is because of LDF's governance that such progress was made possible, he said. The CM also addressed criticisms regarding certain delays and construction glitches in the highway project. "Yes, there were some technical errors and issues at a few places. But that does not mean the entire project is in disarray. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Tired of High Power Bills? Plug in This Device elecTrick - Save upto 80% on Power Bill Learn More It is progressing and will be completed. Misleading narratives should not be encouraged," he added. According to the progress report, Kerala overcame the COVID-19 pandemic and central financial constraints to achieve growth in infrastructure, job creation, industrial expansion and welfare schemes. The state's startup ecosystem grew significantly, with 6,400 startups employing over 64,000 people. The number of new enterprises since 2022-23 stood at 3.53 lakh, drawing investments worth ₹22,688 crore and creating 7.49 lakh jobs. The report also mentions Kerala's top ranking in the Centre's Ease of Doing Business index. The state's industrial policies and simplified regulations helped create a conducive climate for entrepreneurs. In public sector recruitment, the Kerala PSC appointed over 2.8 lakh candidates since 2016, with 42% of all PSC appointments nationwide coming from Kerala, according to UPSC data. On the social welfare front, the govt claims to have moved 59,707 extremely poor families out of poverty. A total of 6.2 million beneficiaries continue to receive monthly social security pensions. The LIFE Mission, the govt's flagship housing scheme, completed 4.5 lakh houses so far, with a target of 5 lakh within reach. Over 4 lakh land titles have been distributed since 2016. The Knowledge Economy Mission provided jobs to 1.29 lakh youth and aims to skill 5 million through new training programs. K-FON, the state's optical fibre backbone project, connected over 23,000 govt offices and provided free internet to more than 5,000 families. Despite economic limitations, the state achieved a 71 percent growth in its own tax revenue from 2020-21 to 2024-25. Kerala also recorded the lowest multidimensional poverty index in the country at 0.48%, compared to the national average of 11.28%. Reiterating the LDF govt's commitment, the report states that balanced development across sectors—industry, environment, housing and health—continues to be its cornerstone. Get the latest lifestyle updates on Times of India, along with Brother's Day wishes , messages and quotes !
