NHAI to propose rolling plan for highway development
ROADS & HIGHWAYS

NHAI to propose rolling plan for highway development

The National Highways Authority of India (NHAI) is set to propose a rolling plan for highway construction in India, which can be reviewed every two to three years, adding to value maximisation of building new roads, NHAI chairman Sukhbir Singh Sandhu told a prominent media source.

Sandhu said that the idea behind the proposal is to have a plan that moves on realistic development and in a chain with development in other infrastructure sectors, whether airports or industrial parks.

The rationalisation of highway construction was a part of Finance Minister Nirmala Sitharaman's Budget 2021 speech.

The government will carry out a restructuring of the National Highway programme to ensure that the National Highway Grid of desirable length and capacity is created using a financeable model, Sitharaman had said.

Sandhu said that such a plan would help NHAI derive the maximum value in terms of toll collection while building a new road.

In January, NHAI had unveiled a revised model concession agreement for build-operate-transfer (BOT) projects in order to draw larger investor participation.

In BOT projects, private sector developers build a road using their own funds, operate it and then transfer it to the government after a specified period.

Regarding asset monetisation, Sandhu said NHAI will go for toll-operate transfer (TOT), infrastructure investment trust (InvIT), and toll securitisation through SPV for monetising its assets.

As we have reported earlier, NHAI filed an InvIT application with the Securities and Exchange Board of India (SEBI) on 31st March. Sandu said more assets worth Rs 4,000-5,000 crore will be added to the InvIT in FY22.

Image Source


Also read: Highway construction: BOT is back

Also read: Top 10 highways in first ever NHAI rankings

The National Highways Authority of India (NHAI) is set to propose a rolling plan for highway construction in India, which can be reviewed every two to three years, adding to value maximisation of building new roads, NHAI chairman Sukhbir Singh Sandhu told a prominent media source. Sandhu said that the idea behind the proposal is to have a plan that moves on realistic development and in a chain with development in other infrastructure sectors, whether airports or industrial parks. The rationalisation of highway construction was a part of Finance Minister Nirmala Sitharaman's Budget 2021 speech. The government will carry out a restructuring of the National Highway programme to ensure that the National Highway Grid of desirable length and capacity is created using a financeable model, Sitharaman had said. Sandhu said that such a plan would help NHAI derive the maximum value in terms of toll collection while building a new road. In January, NHAI had unveiled a revised model concession agreement for build-operate-transfer (BOT) projects in order to draw larger investor participation. In BOT projects, private sector developers build a road using their own funds, operate it and then transfer it to the government after a specified period. Regarding asset monetisation, Sandhu said NHAI will go for toll-operate transfer (TOT), infrastructure investment trust (InvIT), and toll securitisation through SPV for monetising its assets. As we have reported earlier, NHAI filed an InvIT application with the Securities and Exchange Board of India (SEBI) on 31st March. Sandu said more assets worth Rs 4,000-5,000 crore will be added to the InvIT in FY22. Image Source Also read: Highway construction: BOT is back Also read: Top 10 highways in first ever NHAI rankings

Next Story
Products

Viva ACP Launches FR A1-Rated Honeycomb Panels for Fire Safety

Viva, Asia’s largest manufacturer and supplier of aluminium composite panels (ACP) introduced its FR A1-rated Honeycomb Panels, setting a new industry benchmark for fire safety and architectural excellence. Engineered to deliver exceptional performance, these panels combine advanced fire-resistance technology with aesthetic versatility, offering a revolutionary solution for safety-critical environments.The FR A1 rating represents the highest standard of fire resistance under the European Standard EN 13501-1, signifying non-combustibility and zero contribution to fire, smoke, or toxic emissio..

Next Story
Real Estate

Almal Real Estate Expands into Commercial, Global Markets

Almal Real Estate Development is soon to announce its upcoming expansion into new verticals and international markets as part of its strategic growth plans for 2030. The company, known for its innovative luxury residential and hospitality developments, is preparing to diversify into the commercial sector with the introduction of The Smart Space, a network of business centers in UAE featuring five-star amenities. Additionally, Almal is entering new markets in Bali and Thailand as a community developer, focusing on villa and townhouse projects.The expansion into the commercial real estate sector..

Next Story
Infrastructure Urban

NABARD Approves Rs 9.03 Billion for 127 Projects in Himachal

The Himachal Pradesh government has secured approval from the National Bank for Agriculture and Rural Development (NABARD) for 127 projects worth Rs 9.03 billion for the 2024-25 fiscal, Chief Minister Sukhvinder Singh Sukhu announced. During a meeting with MLAs from Kangra, Kullu, Kinnaur, Solan, Chamba, Bilaspur, and Lahaul-Spiti districts to discuss priorities for the 2025-26 budget, Sukhu said the approved projects include 50 MLA-priority schemes under the Public Works Department, valued at Rs 4.12 billion, and 23 MLA-priority schemes under the Jal Shakti Vibhag, costing Rs 1.79 billio..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?