NHAI: These changes in PPP projects will attract private investment
ROADS & HIGHWAYS

NHAI: These changes in PPP projects will attract private investment

The National Highways Authority of India (NHAI), introducing sweeping changes in contract conditions to attract more private investment, will bring in a provision to buy back tolled highway projects in case a competing road or additional tolled road comes up in its vicinity. The changes, which have ...

The National Highways Authority of India (NHAI), introducing sweeping changes in contract conditions to attract more private investment, will bring in a provision to buy back tolled highway projects in case a competing road or additional tolled road comes up in its vicinity. The changes, which have been finalised, include paying 90 per cent of the loans due to lenders before termination of any contract in case of default by contractors or the highway authority, which will bring comfort to banks and financial institutions. National Highways Authority of India (NHAI) is also likely to share with lenders the details and status of land for any project, considering that non-availability of land has been a key reason for delays in project completion.These major amendments in the ‘model concession agreement (MCA)’ and reforms for tolled highway (BOT-toll) projects to be built with private investment will be introduced to revive investments in the sector. NHAI has identified 54 projects worth over Rs.2.2 trillion, covering a length of 5,200 km

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Real Estate

Rethinking Slum Development

In July 2024, the Supreme Court directed the Bombay High Court to initiate suo motu proceedings to evaluate the implementation of the Maharashtra Slum Area (Improvement, Clearance and Redevelopment) Act.During the ensuing proceedings, the Division Bench of Justices expressed concern about the plight of slum dwellers, saying, “Merely because you are a slum dweller doesn’t mean that you are left to the discretion of developers. They end up with a pittance.” The Bench also noted that the buildings allocated to slum dwellers were akin to “vertical slums”. “The buildings are congested. ..

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Real Estate

Ring in the New!

Lighting:OLED (organic light emitting diode) panels such as those by Philips are the latest option in soft lighting fixtures that can be embedded into walls, ceilings or furniture, says Nilesh Sawant, Principal Architect, Nilesh Sawant Architect. “Being thin and flexible, they lend themselves well to different applications while delivering the energy-efficiency associated with LED technology.”And Sapna Aggarwal, Founder, ANSA Architecture & Interiors, says “Embedded light-emitting diodes can create a dreamy illumination, while dimmable LEDs are useful for allowing..

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Infrastructure Urban

Jhansi Library

The Jhansi Library, commissioned by the Jhansi Development Authority (JDA) under the Jhansi Smart City initiative and built by Bootes Impex, a net-zero construction-tech company. It is the first library in Asia to achieve EDGE (Excellence in Design for Greater Efficiencies) certification from the International Finance Corporation (IFC), a member of the World Bank Group. This milestone marks the library as India’s first and only net-zero library, aligning  with India’s Net-Zero Vision 2070.Sustainable designDeepak Rai, Managing Director, Bootes Impex, explains, “The project's vision ..

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