Dilip Buildcon has bagged Rs 860.50Cr four-lane road project in Chhattisgarh from the National Highways Authority of India (NHAI). “The company has received the letter of acceptance (LOA) on March 18, 2020, from the NHAI for the new Hybrid Annuity Model (HAM) project in the state of Chhattisgarh,” the company said in a regulatory filing.
To expedite implementation of the government’s Bharatmala Pariyojna, NHAI has decided to start an incentive scheme for its officials. The scheme not only envisages completing the projects earlier than the scheduled time, but also aims at savings on account of cost overruns due to time delays. The scheme will reward hardworking, meritorious officials and will act as a catalyst to ...
India will invest as much as Rs 5.97 trillion in creating and upgrading infrastructure in the next financial year. As part of the new integrated infrastructure planning model, the government has allocated the largest-ever rail and road budget of `1.48 trillion and `1.21 trillion, respectively in 2018-19. The ambitious projects like Bharatmala (roads) and Sagarmala will be on track to ...
TrafficInfraTech Magazine Linking People Places & Progress