NHAI offers 30-year land lease to private players to develop wayside amenities on highways
The new policy mandates grant of land to a private party for development of the wayside amenities on lease of up to thirty years
Ashutosh Kumar | February 15, 2021 | Updated 15:55 IST
A notification issued by the ministry of road transport and highways on the matter said that the land already purchased by the NHAI will be provided to private party on a lease
The Union Road Transport and Highways Ministry has come out with a new policy on the development of wayside amenities on the national highways and expressways on land belonging to the National Highways Authority of India (NHAI) or a private party on the alignment of a project.
PNC Infratech announced that PNC Gomti Highways (wholly owned subsidiary of the company) has received communication from National Highways Authority of
India on 12 February 2021 confirming the achievement of Financial Closure for road project in State of Uttar Pradesh.
The project entails the Four laning of Jagdishpur - Faizabad Section from km 47.930 (Design Chainage km
47.800) to km 107.680 (Design Chainage km
108.020) of NH-330A in the State of Uttar Pradesh. The bid project cost is Rs 1530 crore.
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Synopsis In order to increase the FASTag penetration to ensure seamless movement of traffic and to reduce avoidable delays at the toll plazas, NHAI has decided to remove the mandatory threshold amount for the FASTag account / wallet, which was paid by the user in addition to the security deposit for the passenger segment (Car/Jeep/Van), NHAI said in a statement.
With more than 2.54 crore users, FASTag contributes 80 per cent of the total toll collection.
NEW DELHI: The National Highways Authority of India (NHAI) on Wednesday said it has decided to do away with the requirement of maintaining a minimum amount in FASTag wallet.