Latest news with #StateHighway
Scoop
10 hours ago
- Climate
- Scoop
First Big Taste Of Winter Prompts Warning To Motorists
Potentially heavy snowfalls in the South Island have the NZ Transport Agency Waka Kotahi (NZTA) urging motorists to exercise caution, especially at higher elevations, and to avoid travel where possible in hazardous conditions. Metservice says heavy snow is possible in Canterbury from tomorrow above 300m, or possibly lower, through until Thursday, with potential for travel disruption and damage to trees and powerlines. Those planning to travel through SH73 Porters Pass to Otira (Arthurs Pass), SH7 Lewis Pass, or SH8 Burkes Pass to Twizel, are encouraged to check before setting off and plan for any potential disruption. With large parts of the state highway network across the central and lower South Island being at higher elevations, NZTA System Manager Mark Pinner says motorists need to be prepared and to follow good winter driving habits. 'It's not just snow on the ground that is a potential hazard, it's heavy frosts and ice where the danger may not be as visible. People need to remember to adjust their speed to suit the conditions, to increase their following distances and use their headlights to be seen.' 'If you can avoid or delay travel on roads while there is elevated risk, that's sensible. Stay up to date on the latest reports about the State Highway network by visiting our Journey Planner,' Mr Pinner says. 'We'll be getting the best advice from the Metservice on how the weather is likely to unfold, and we'll be doing our best to keep the highways open and safe for motorists through this cold snap. Being prepared with warm clothing, snacks and water and other supplies in case of delays is always a smart move.' Heavy rain is forecast to affect Fiordland, and Buller, Grey and Westland Districts between Karamea and Harihari tomorrow, and drivers in those areas are also urged to take care on the roads, plan ahead and be prepared.
Time of India
6 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
23-05-2025
- Business
- Time of India
PNC Infratech completes stake sale in 10 road assets
PNC Infratech on Friday said 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. According to the company's statement, sold projects include -- PNC Rajasthan Highways Pvt Ltd, PNC Chitradurga Highways Pvt Ltd, PNC Aligarh Highways Pvt Ltd, PNC Bundelkhand Highways Pvt Ltd, PNC Khajuraho Highways Pvt Ltd, PNC Triveni Sangam Highways Pvt Ltd, PNC Bithur Kanpur Highways Pvt Ltd, PNC Gomti Highways Pvt Ltd, PNC Unnao Highways Pvt Ltd and PNC Meerut Haridwar Highways Pvt Ltd. 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. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like How Much Time Could You Save with Clearer Writing? Grammarly Install Now Undo In January 2024, it executed definitive agreements with HIT to divest 12 of its road assets, comprising 11 National Highway (NH) Hybrid Annuity Mode (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.
Scoop
30-04-2025
- Automotive
- Scoop
'Oh Hell No' - Crash Survivor Angry At Increased Speed Limits On SH3 Near Waitara
Trevor Dodunski understands the consequences of a head-on crash better than most. In 1987, the car he was travelling in collided with another vehicle that had crossed the centre line on a stretch of State Highway 3 between Waitara and Urenui. "I was driving along the road on a nice day happy as Larry and came around a corner and there was a car in front of me going flat out on my side of the road. "It's hard to live with I tell you. It turned me into a vegetable, I couldn't read or write when I came out of hospital. "Everything was changed, my whole life changed," said the former engineer who was trapped inside his wrecked vehicle for three hours. Almost 40 years on, the Waitara community board member was angry about a plan to reinstate a 100kmh speed limit on SH3 between Waitara and New Plymouth. "Oh hell no, we don't want that. Mine was probably an 80kmh crash head-on and you're doing 160kmh when they're coming the other way. "The impact is phenomenal. Your windscreen leaves the car. You feel all your bones breaking and your teeth and everything are gone. "Everything changes in a matter of seconds." Dodunski, who suffered a brain injury and has not worked since, helped campaign for the construction of four roundabouts between Waitara and New Plymouth. He reckoned the lower speed limit should remain in place. "This should stay at 80kmh because if you're going to go up to 100kmh back to 80kmh and up to 100kmh again all the way through to New Plymouth, what's the point? "It's a hell of a lot safer at 80kmh than it is at 100kmh, and I for one have had an experience I never thought I would have in my life and wouldn't wish that on anyone." The government's new Speed Limits Rule required lower limits set on some roads in 2020 to revert to their previous limits by 1 July. The Transport Agency could retain the 80kmh limit on SH3 from Waitara to Bell Block if the public supported the lower speed. But only 43 percent of those who took part in an online consultation process backed keeping the lower limit. New Plymouth mayor Neil Holdom found the consultation method curious. "Having an internet-based opinion poll to set a State Highway speed limit is certainly an interesting legislative approach. "But any local person will tell you the road is a patched-up and potholed shambles with significant work needed to be done. "There's no doubt once they've thrown a bit of money at it it could go back to a 100kmh speed limit, but right now it's simply not safe." Holdom, who described the stretch of highway as a "shooting gallery", said the lower limit was saving lives. "Since we dropped the speed limit from 100kmh to 80kmh we've seen a reduction of serious injury accidents of around 60 percent and given that we've had 11 people die on this section of highway in the last 12 or 13 years we don't think they should increase the speed limit to 100kmh until all the safety upgrades are done." New Zealand Transport Agency director of regional relationships Linda Stewart said for the speed-limit reinstatement process, the consultation result was the only factor NZTA could take into account in its decision-making. "During consultation, the majority of respondents submitted in opposition to retaining the lower speed limits which is why this Waitara to Bell Block stretch makes up some of the 43 locations which will return to its previous higher speed limit." Stewart said typically consultation feedback was only one factor used by NZTA to help inform the outcome of a speed review. "Other factors, including safety or technical guidance, are normally weighted alongside consultation feedback to determine the outcome of a speed review. "For a full speed review in the future, as we have always done in the past, themes from both the local community and key stakeholders from consultation will be considered alongside safety and technical data, including a cost benefit disclosure statement, to help inform decision-making." Stewart said safety remained a key priority for NZTA and was a factor in decision making around road design, layout, modifications and speed. She hoped new roundabouts being constructed at the intersections of Princess Street, Waitara Road, De Havilland Drive/Airport Drive, and SH3A, along with flexible median barrier and other improvements, would improve the safety and efficiency of the highway. "But we appreciate the speed change will come into force ahead of the completion of the entire project." On Waitara High Street there were mixed views on the speed limit change. Bulk carrier driver David did not think putting up the speed limit was a good idea. "Coming through there, they do dumb enough shit at 80kmh let alone if you put it back up to 100kmh again. I don't think it's a good thing." A woman, who preferred not to give her name, thought the limit should go back up. "I think the accidents that happen are usually through poor driving not so much the speed." Jeremy could not see the reasoning behind changing the speed limit. "They've gone and put all these roundabouts in, so what's the point of sticking the speed limit back up to 100kmh. You're just going to get to a roundabout faster. May as well keep it at 80kmh." Another David was in favour of the change. "I reckon it should go back to 100kmh because you're slowing traffic down and it's piling up, and with the road works in the meantime it's just pathetic trying to go to town."
