News Update

Apple China tosses out WhatsApp & Threads from App store after being orderedChina announces launch of new military cyber corpsRailways operates record number of additional Trains in Summer Season 2024GST - Assessing officer took into account the evidence placed on record and drew conclusions - Bench is, therefore, of the view that petitioner should present a statutory appeal: HC1st phase polling - Close to 60% voter turnout recordedGST - Tax liability was imposed because petitioner replied without annexing documents - It is just and appropriate that an opportunity be provided to contest tax demand on merits, albeit by putting petitioner on terms: HCMinistry of Law to organise Conference on Criminal Justice System tomorrowGST - To effectively contest the demand and provide an opportunity to petitioner to place all relevant documents, matter remanded but by protecting revenue interest: HCGovt appoints New Directors for 6 IITsGST - Petitioner has failed to avail opportunities granted repeatedly - Court cannot entertain request for remand as there has been no procedural impropriety and infraction of any provision by assessing authority: HCNexus between Election Manifesto and Budget 2024 in July!GST - Classification - Matter which had stood examined by Principal Commissioner is being treated differently by Additional Commissioner - Prima facie , approach appears to be perverse: HCI-T- Denial of deduction u/s 80IC can create perception of genuine hardship, where claimant paid tax in excess of what was due; order denying deduction merits re-consideration: HCIsrael launches missile attack on IranEC holds Video-Conference with over 250 Observers of Phase 2 pollsGermany disfavours Brazil’s proposal to tax super-richI-T- If material found during search are not incriminating in nature AO can not made any addition u/s 153A in respect of unabated assessment: ITATGovt appoints Dinesh Tripathi as New Navy ChiefAFMS, IIT Kanpur to develop tech to address health problems of soldiersFBI sirens against Chinese hackers eyeing US infrastructureKenya’s top military commanders perish in copter crashCBIC notifies Customs exchange rates w.e.f. April 19, 2024Meta shares ‘Most Intelligent’ AI assistant built on Llama modelDengue cases soaring in US - Close to ‘Emergency situation’: UN Agency
 
NHAI awarded 7400 km road projects last fiscal

 

By TIOL News Service

NEW DELHI, APRIL 01, 2018: IN the last fiscal, the NHAI awarded 150 road projects of 7,400 km worth Rs. 1,22,000 crore. In last 5 years, the average length of road projects awarded by NHAI was 2,860 km with 4,335 Km awarded in the last financial year. In comparison, the length of projects awarded in FY 2017-18 is an all-time high and a record achievement by NHAI since its inception in 1995.

Tendering and awarding projects picked up only after the sanction of ambitious Bharatmala programme and subsequent new procedure for sanction being put in place in November 2017. Under the new protocol, the NHAI board was delegated full powers for sanctioning EPC projects.  Following that high powered Projects Appraisal Committee and Cost Committee were put in place in NHAI.

During this drive, post Bharatmala, 232 projects were put on tenders involving around 11,200 km of road length costing more than Rs. 1,96,000 crore. To expedite land acquisition, a number of retired officers were employed and strong monitoring mechanisms were put in place. But for delay in land acquisition in some states, the award figures could have been still higher. It is expected that projects of around 3,000 km shall be awarded in the first two months of the next FY 2018-19.

Out of the total projects awarded, 3,791 km length was awarded on EPC mode at a cost of Rs. 43,000 crore; 3,396 km was awarded on Hybrid Annuity mode at a cost of Rs. 76,500 crore and 209 km on Toll mode at a cost of Rs. 2,500 crore.

The projects awarded include 1,234 km in Rajasthan; 739 km in Maharashtra; 747 km in Odisha; 725 km in Uttar Pradesh; 511 km in Tamilnadu; 504 km in Andhra Pradesh; 468 km in Karnataka 449 km in Gujarat; 389 km in Madhya Pradesh; 331 km in Haryana; 232 km in Bihar; 201 km in Jharkhand; 189 km in Telangana; 126 km in West Bengal; 120 km in Punjab; 100 km in J&K; and balance in other states.

With the above jump in work awards, NHAI has given a good beginning for ambitious “Bharatmala Pariyojana” approved by the Government in Oct., 2017, which is to be implemented with a very stiff target of 5 years (2017-18 to 2021-22).


POST YOUR COMMENTS
   

TIOL Tube Latest

Shri N K Singh, recipient of TIOL FISCAL HERITAGE AWARD 2023, delivering his acceptance speech at Fiscal Awards event held on April 6, 2024 at Taj Mahal Hotel, New Delhi.




Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.