The Delhi Metro Rail Corporation (DMRC) has completed 95 per cent of the civil work. By early next year, it will hand over the stations to the concessionaire — Reliance Infrastructure — and CAF, a Spanish company, for finishing. Operations will start by next September. Join discussion...

When Virendra D. Mhaiskar joined his father’s construction company in 1995, it was just making asphalt and building municipal roads. Toll roads were a natural extension of this process. There was never any doubt in the young Mhaiskar’s mind about what he wanted to do after finishing with his education. Join discussion...

The Road Transport and Highways Ministry of India is looking for US$2.96bn in credit from the World Bank for the development of highways in the country, reported India's Economic Times in September. Join discussion...

IRB Infrastructure Developers, the Mumbai-based highway builder, may raise up to Rs1,200 crore to fund its projects. Virendra D Mhaiskar, IRB's chaiman & managing director, said the company's board has passed an enabling resolution to raise Rs1,200 crore. "We have not decided how much we have to raise now or the instruments to be used," he said on a conference call on Tuesday. Join discussion...

The government on Wednesday said that meeting the deadline to award 12,000 km highway projects by March 2010 will be delayed by at least three more months. Road, transport and highways minister Kamal Nath said this singling out conflict of interest (crossholding in bid competitors) and other irritants in the concession agreement and bid documents as the reasons behind the slowdown. Join discussion...

The National Highway Authority of India, or NHAI, will give developers the option of extending the concession period by up to five years if the traffic reaches the maximum level, provided the developer adds more lanes to the road. Join discussion...

Attending the dinner were senior representatives of UK companies Scott Wilson, Balfour Beatty Rail, Amec, JCB and Barclays Capital as well Indian companies Tata, Wipro, IIFCL and ICICI bank. Politicians present included Barry Gardiner, chair of the all-party parliamentary group, Patricia Hewitt, chair of the UK-India business council, and Geoffrey Clifton Brown, the shadow trade minister. Join discussion...

A 42 km ‘Namma Metro’ will criss-cross the City on a Phase-1, East-West and North-South corridor in September 2012 at a cost exceeding Rs 8,158 crore. A high-speed train at a cost of Rs 5,767 crore will become a reality in 2011-12 to connect the BRV parade grounds to the Bengaluru International Airport on NH-7 on a build-operate-transfer (BOT) basis. A 59 km monorail corridor has been identified to be built at an estimated cost of Rs 12,000 crore, on a public-private-partnership (PPP) within the next three years. Join discussion...

In its latest attempt to fast-track clearance of the restructured highway projects, the National Highway Authority of India (NHAI) board in its meeting on Wednesday approved that all projects where the value change after restructuring was below 20% of the total project cost (TPC) would be cleared by the board. The ones with over 20% variation would be referred to the Cabinet for approval. Join discussion...

The Cabinet Committee on Infrastructure today approved the implementation of the project of four laning of Rohtak-Bawal section of NH-71 in the State of Haryana under NHDP Phase III on Design, Build, Finance, Operate and Transfer (DBFOT) Basis. The total project cost is estimated at Rs.650 crore under the DBFO pattern. The concessionaire will make all the expenditure to complete the project and will recover the same by user fee for 28 years including a construction period of 30 months. Join discussion...