NHAI yet to set target for BOT projects

By YASHODHARA DASGUPTA, ET Bureau | 29 Apr, 2013, 05.00AM IST

(NHAI is yet to set a target for BOT projects in 2013-14, as it is awaiting clarity on proposals to ease funding constraints for highway developers.)

 NEW DELHI: National Highways Authority of India is yet to set a formal target for Build Operate Transfer projects in 2013-14, as it is awaiting clarity on proposals to ease funding constraints for highway developers. In the last 13 months, as many as 17 projects found no takers because of the severe equity crunch plaguing infra firms, while the clampdown on mining has made projects near such belts unviable, say highways authority officials.

By the end of 2012-13, thirteen projects at a total project cost of Rs16,000 crore received no financial bids, though some of them were put on the block more than once. This financial year, infrastructure companies gave three annuity-based projects worth Rs1,900 crore a miss despite the government assuring payment in such a model. In all, National Highways Authority of India was able to award projects covering 1,116 km in 2012-13, while 1822 km got no bids. “It is very clear especially if you see that even annuity projects did not get a response, that there is a total lack of equity in the market,” said RP Singh, chairman of National Highways Authority of India.

“Unless our two proposals on easier exit options for concessionaires and back-loading of premium are agreed to, it will be very hard to go ahead with BOT projects in the sector,” he cautioned. The beginning of the year saw infrastructure majors GMRBSE -0.47 % and GVK walk out of mega-projects worth over Rs10,000 crore. National Highways Authority of India officials said Ashoka Buildcon has also sent a notice seeking termination of its Rs1,100 crore project in Odisha. While the companies have cited regulatory and clearance issues, the highways authority says companies are backing out as they are facing severe financial stress. “The industry has seen the effects of aggressive bidding in 2010-11 and 2011-12 that lead to problems with financial closure.

NHAI has also not been able to provide the clearances required and there is a policy lacunae going on that has made investors cautious,” said an official of a prominent infrastructure firm that was selected in the pre-qualification rounds in many of the 17 projects. “The clampdown on mining in states like Karnataka and Orissa has also affected viability of projects in those areas because of the sharp decline in mining traffic,” he added. Two projects in Karnataka worth close to Rs2000 crore and three projects in Odisha including the Chandikhole to Paradeep and Chandikole to Talcher stretches saw no interest despite the fact they were offered a few times.

“Regulations on exit options have been difficult, capital for many companies is blocked in existing projects and policy issues like land availability are the reasons why interest has waned in highway projects off-late. Earlier people used to take a risk even with land availability issues, but that confidence has gone away because of which companies have also stopped implementing projects,” said Sunil Kanoria, vice-chairman, Srei InfrastructureBSE 1.73 %. The highways ministry is currently drafting a revised note for the Cabinet on allowing companies to divest 100% of their equity in existing projects as well as easier norms of substitution of concessionaires.

If approved, this could free up equity from existing projects, which could be invested in new projects. The ministry is also working on the deferral of premium payment by companies like GMR. About 25 companies with premium of Rs97,000 crore are facing financial stress and could be interested in this option, according to National Highways Authority of India

Pay more on DND from today

8 projects operational, co may securitise assets: Sadbhav

Nitin Patel, ED, Sadbhav Engineering  , says that recently the company as emerged as a successful bidder for the two lane project in Tamil Nadu. The project is based on annuity basis. The company has also submitted another bid for Rohtak-Hissar project for Rs 1300 crore, the results for which is expected today evening.

Out of the 12 projects, 8 projects are now operational and the company expects the ninth project to be operational by June. Going forward, depending on the equity and investment commitment the company may go for asset securitization.

Below is the edited transcript of his interview to CNBC-TV18.

Q: It is understood that your company has emerged as a successful bidder in NHAI’s two lane Tamil Nadu project. By when do you plan to start construction on the project? What will be the total cost and your profit margins?

A: This is a two lane road project based on annuity. The existing highway has width of seven meter which needs to be extended to 10 meter and the length of the project is 80 kilometers. We estimate the total project cost to be around Rs 400 crore and it will take around two years to complete the job. We have received a concession period of 15 years. So, for the remaining 13 years we will receive annuity amount from NHAI as per the terms of concession.

Q: How much margins do you make upfront?

A: In normal course, we expect to make around 12-13 percent at EBITDA level at EPC value and around 16-18 percent as returns on investment. This is the normal bidding criteria for us.

Q: What has been the activity from NHAI side on both build-operate-transfer (BOT) and EPC. How does the order pipeline looks? Are they looking aggressive in awarding orders? 

A: On cash contract front, NHAI invited around 8-9 tenders during last month. The response was quite good and NHAI received bidders at almost 20-22 percent lower then their estimate cost on the cash contract front. On BOT front, only one tender went to IL&FS Transportation Networks (India) Limited (ITNL) which is of Barwa Adda to Panghat.

We have received annuity for the second project. Today, we have submitted a bid for Rohtak-Hissar project for Rs 1300 crore, the results is expected to be out by today evening. Five entities have submitted their bid including us. Another 2-3 bids will be submitted before March 31, the central government and the Planning Commission will give approval for rates for the projects. Later, based on that, NHAI will come for the bidding and particularly in BOT and annuity front.

Q: Do you have any plans to reduce debt, are you securitizing any project, your debt stands at over Rs 3000 crore?

A: Out of the 12 projects that the company has, 8 are now operational and we expect the ninth project to be operational by June. So, in terms of the operational projects the number of projects is high and also the revenue parameter seems reasonable.

So, based on our requirement of the equity and investment commitment we will plan to securitise one or two assets. We have started that process but we require equity investment over the period four years from now so the planning will be done as and when needed.

source: http://www.moneycontrol.com

Operators cock a snook at toll rules

The Ministry of Road Transport and Highways (MoRTH) has finally woken up to the gross violation of the toll agreements with concessionaires, who are collecting road tax on 17 major “under-construction” highways in violation of rules.

The amended notification of 2009 bars toll collection on incomplete highways. The flouting of rules came to notice from projects like Gurgaon-Kotputli-Jaipur, Delhi-Agra, Varanasi-Aurangabad and the Pune-Satara national highways.

Ironically, the violation of the Central Government’s notification is taking place under the garb of “technicality”. While the Government rules specifically mention that no toll can be imposed on the under-construction road projects, developers have started collecting toll. At present, there are 212 toll collection centres across the country under the National Highways Authority of India’s (NHAI) various projects based on PPP, BOT or OMT model. “The collection of fee levied shall commence within 45 days from the date of completion of the section of national highway, permanent bridge, bypass or tunnel, as the case may be, constructed through a public-funded project,” says the Review (Report) of the Toll Policy of National Highways in May 2009.

The Government has notified the National Highways Fee according to the National Highways Fee (determination of Rates and Collection) Rules 2008, and the rules are amended periodically. In 2009, it was amended keeping in mind widespread protest by road users and misuse by the concessionaries of BOT or PPP. A well-placed source said that the Ministry has asked the road making agency to review the contract agreement between the NHAI and concessionaries on the 17 stretches where toll is being charged.

However, a Ministry official justified the road tax on six-lane under-construction projects with the argument that toll was collected when these roads were just four-lane ones. However, citing the 2009 amendment, another official contested the argument citing the amended notification.
There are 111 public-funded road projects which collect toll. There are 102 State-wise stretches on which tax is levied. These include the 312-km Durg Bypass on NH-6 where toll is being collected by M/s Shakti Kumar M Sancheti Limited since December 2000. On some roads like the 72-km Badarpur-Kosi on NH-2, toll is being collected since June 2002. The Ministry also received complaints of overcharging by toll operators on NH-5 in Andhra Pradesh at Laxmipuram and Sunnambatti Toll Plaza. The concessionaire was penalised to the tune of `3.6 crore in total and contracts terminated. A penalty of `1.48 crore was levied o Vantada Toll Plaza in Gujarat. The matter is sub-judice.

source: http://www.dailypioneer.com

India Inc shuns govt road projects

MUMBAI: The infra growth story at least in the road sector appears to be over as the private sector is now shunning government’s road projects. The government which announced an ambitious target of $1 trillion of infrastructure spending is finding no takers for the 8,000 km of road projects to be awarded under the built, operate & transfer (BOT) mechanism this fiscal.

Interestingly, the National Highways Authority of India (NHAI), the nodal agency for awarding these road projects, witnessed phenomenal success in awarding over 8,000 km of road projects last year as 31 of the 51 road project were bagged at premium. Based on last year’s success, the government increased the target to award 8,800 kms of road projects this year; however, NHAI so far was able to award only 700 kms with less than four months remaining in the current fiscal.

Two projects, worth about Rs 2,450 crore, awarded last year to DSC Ltd and Gannon-Dunkerley Co Ltd were terminated after failure to achieve financial closure. This was the first time that such termination had to be done due to failure of companies to achieve financial closure (tie up debt).

At current pace of less than 5 km of road construction per day, the government is way behind its ambitious target of achieving 20 km of road construction per day for which it needs to award over 7,000 km of road projects each year. The reason: Availability of 50 road projects worth Rs 50,000 crore totaling 5,000 km are on the block in the secondary market as the debt-laden infrastructure firms wants to get rid of these road projects that they bagged by aggressive bidding and are now finding it difficult to execute due to the depressed returns. Prime Minister Manmohan Singh reviewed the performance of the transport sector in a series of meetings recently and a recent PMO statement on targets for awarding road transport and highways project last week said, “The ministry will try its best to award road projects as per the original targets for FY 12-13 and will certainly cross 8,000 kms of awards this year by March, 2013. Road projects of at least 3,000 kms length will be awarded under OMT by March, 2013.”

This means that in the absence of takers for road projects under BOT basis, which requires companies to raise funds from the market, the government is planning to award 3,000 km of road projects on engineering procurement contract (EPC) basis, where government spends the entire money required to build roads. However a government statement on Wednesday said, “As against the target for awarding works for a total length of 8,800 km during 2012-13, it has been possible to award projects for a length of 705 km upto October, 2012. Some projects have not received good response from bidders. Apart from general slowdown of economy, viability of some of the projects, sectoral lending caps of the banks, limitations of the concessionaires like availability of equity and other resources to execute the projects appear to be the main factors for poor response.”

“I have my doubts on the PMO statement. If they awarded just 700 kms in the first nine months, then how can they award 9000 km in the next three months. The constraints like land acquisition, funding from banks and remain the same. The government first needs to address these issues before awarding further road projects,” Bajrang Choudhary, CEO, Infrastructure Project Development at SREI Infra told ToI. Leading infrastructure firms like L&T, GVK, GMR, IVRCL, Gammon Infrastructure, SREI Infrastructure, Gayatri Projects, Madhucon Projects, Ashoka Buildcon amongst others have meanwhile reportedly put their road assets on the block.

Infra firms meanwhile are being chased by their lenders to sell assets any which way they can as the banks have stopped lending to the road sector with stringent lending norms scaring away private developers from investing in the highway projects. Over three dozen highway projects are awaiting financial closure.

source: http://timesofindia.indiatimes.com

The road ahead for Virendra Mhaiskar and IRB India

Virendra Mhaiskar has made IRB India’s largest and most profitable toll-road operator. In a sector that has most companies reeling under debt, he seems to be the rare animal with enough cash on hand

Name:  Virendra Mhaiskar
Age:  41
Profile:  Chairman and managing director, IRB Infrastructure
Rank in Rich List 2012: 96
Net Worth:  USD560 mln
The Big Hairy Challenge faced in the last one year:  Slowdown in the infrastructure business, public protests against toll payments, and allegations of political links
The Way Forward:  Focusing on project execution, particularly on the Ahmedabad-Vadodara BOT project

Virendra Mhaiskar must be incredibly crazy. There is nothing else that explains the kind of risks the 41-year-old chairman and managing director of IRB Infrastructure takes, and his rise as India’s largest and most profitable toll-road operator. He deals with problems of the kind that could drive most people around the bend.

Consider, for instance, the episode this July when the Maharashtra Navnirman Sena (MNS), one of Maharashtra’s most raucous political parties, thought up an idea: Galvanise supporters to go past toll booths across the state without paying to use the roads. Egged on by exhortations made by their leader Raj Thackeray, they complied, and men tolling the booths could do nothing. Thackeray claimed it was to protest against the obscene profits the “toll mafia” was raking in from the dense traffic that used these roads.

Toll booth staff manning the Mumbai-Pune Expressway, the crown jewel in IRB Infrastructure’s portfolio, came in for special treatment. (The company is responsible for its upkeep until 2019.) Ironically, Mhaiskar says, “Raj is a friend at a personal level.” But that said, he argues, “To those who say traffic has grown more than projected, I ask, what if it had been otherwise? Would we get our money back?”

I ask if he has tried explaining this to Mr Thackeray and how they continue to be friends. “Enforcing agreements signed with developers, and explaining the rationale to stakeholders is the government’s job,’’ he says, as a matter of fact. I can’t help but think it ironical. But I guess there is a method to the irony.

How else could he have grown the company into India’s largest in the sector, and manage 12 roads across west and south India? So, I probe him a bit deeper. “The government’s policy on road construction and toll through the build-operate-transfer (BOT) model has been the most successful and transparent of all public-private partnerships in the country. But it is also the most poorly understood,” he says.

The problem, Mhaiskar says, is no politician or bureaucrat has bothered to explain to the public how it works. By way of explanation, he offers an analogy. “If you borrow Rs 70 lakh to buy a home, and agree to repay it over 15 years, you return several times the amount to the bank by the end of the tenure, and nobody complains. Going by that same logic, how can you argue if a road developer has invested Rs 1,500 crore [over 20 years], returns ought to be limited to the original investment? What about our borrowing cost, maintenance costs and our returns?”

That is why, he says, public anger manufactured against toll-road operators by politicians have badly impacted investors in the business. Caught between policy changes and the unwillingness (or inability) of users to pay, they are stuck with millions of dollars in debt.

For instance, he’s still trying to extricate himself from a situation in Kolhapur, where IRB won a 30-year contract in 2008 to maintain all of the city’s inner roads. Back then, it was hailed as a pilot project that would lead the way for municipalities across the country to liberate themselves from the responsibility of maintaining roads.

People in the city, though, simply refused to pay, and earlier, in January, they organised rallies to protest against the tolls. Collections had to be stopped after the state government thought the protests impossible to ignore. All attempts to find a solution continue to hang in abeyance.

Problems like these find participants in the Indian infrastructure business under huge amounts of debt, and are compelling many to get out of the projects they had bid for. Mhaiskar, though, seems the rare animal with enough cash on  hand. His revenues almost doubled from Rs 1,753 crore in 2009-10 to Rs 3,255 crore in 2011-12. His profit margins are a little over 15 percent. And, early in October, he signed on to buy out MVR Infra’s road project in Andhra Pradesh for an undisclosed amount. “A lot of such projects are now on sale, mostly by promoters under stress. We are looking at those that can give us an internal rate of return [IRR] of at least 20 percent,” Mhaiskar says.

You must be wondering if Mhaiskar is counting his chickens before they hatch, but Parikshit Kandpal, a senior analyst at Karvy Insitutional Equities, shares his optimism and is putting a ‘buy’ rating on the stock.

Most of the projects IRB is involved with are either in the west or south of India, he says. These are parts of the country that have demonstrated most growth. Of these, projects in Maharashtra and Gujarat account for 74 percent of IRB’s portfolio. “Understanding risks in traffic growth is a big part of our project evaluation,” says Mhaiskar.

When the government opened up projects for private participation in the late 1990s, many businessmen bid aggressively. They followed up later by raising equity from the public at super-normal valuations. Mhaiskar, too, capitalised on the market’s appetite for infrastructure companies. He raised Rs 944 crore through an initial public offering (IPO) in 2008.

For many, fat order books were a measure of success, irrespective of the cost at which they were acquired.  But soon the regulatory environment changed, and returns from ventures dropped below expectations. As banks cut down on lending, larger companies like GMR declared they were taking ‘investment holidays’.

source: http://www.moneycontrol.com

Road project loans to get secured debt tag

Move can cut cost of funds for large projects

Nagpur Municipal Corporation to set up scanning machines at octroi posts

NAGPUR: Nagpur Municipal Corporation (NMC) has finalized project to install vehicle scanning machines at octroi posts to check evasion. The project worth over Rs 100 crore is probably the biggest in this fiscal. It would be implemented on BOT basis and machines would be installed at five major octroi posts to scan all vehicles coming into the city.

It will come up for approval of the standing committee in its meeting set for November 26. Chairman of committee Dayashankar Tiwari has convened back to back meetings on November 23 and November 26. NMC has been planning to install scanning machines at octroi posts to increase revenue for couple of years. The scanning machines will be installed at octroi posts on Wardha road, Bhandara road, Hingna road, Amravati road and railway station.

Source: http://articles.timesofindia.indiatimes.com

Govt revokes Ashoka Buildcon`s toll rights for Ahmednagar- Karmala road project

Ashoka Buildcon, engaged in building and operating road and bridge projects in India, announced on Tuesday the PWD, Government of Maharashtra has withdrawn the toll collection rights for Ahmednagar- Karmala Road State High Way No. 141 project under BOT Scheme with toll rights, prematurely, which was about to expire on Nov. 4, 2015.

The notification states that the lending interest rates have been changed by the Reserve Bank of India and consequently as per contract provisions, the concession period in view of new lending rates reworked, has ended before Nov. 14, 2012 and therefore considered it expedient to cease the effect and operation of the notification dated May 15, 2002 authorizing toll collection upto Nov. 4, 2015.

“The company is proposing to take remedial action as permissible under law,“ Ashoka (Q,N,C,F)* Buildcon said.

Shares of the company declined Rs 5.95, or 2.89%, to trade at Rs 200.05. The total volume of shares traded was 302 at the BSE (3.41 p.m., Tuesday).

Source: http://www.myiris.com

Puzzolana bets on annuity road projects

Construction equipment major Puzzolana is expecting the government’s proposal to allot highway projects to contractors on an annuity basis instead of build, operate, transfer (BOT) basis to turn around the road sector.

Puzzolana, which has about 45% share in the Rs1,200 crore construction equipment market, depends on the highways builders for bulk of its equipment sales.

“Till 2008, we were recording about 100% growth. However, for the last 2-3 years, the growth has been 10-15%. The activity in the road sector particularly the highways has been sluggish due to a variety of problems related to the project execution. The construction companies have also been facing problems in financial closures,” Abhijeet Pai, managing director of Puzzolana group, said.

According to him, there are indications that the government would now look at allotting 70-75% of the proposed 15,000 km roads on annuity and operation & maintenance basis. “The share of BOT projects would significantly come down, thereby decongesting the sector. Currently, there are more BOT projects than the annuity. Once this shift takes place,all contracts would be on EPC basis and the sector would get relief from financial troubles,” he said.

To address the changing market conditions, Puzzolana will unveil a new sander equipment at the Bauma Conexpo Show – BC India 2013 at Mumbai in February.

Source: http://www.dnaindia.com

« Previous Page — Next Page »

Featured Insights

• Gurugram: Hero Honda chowk to not choke anymore as Delhi-Jaipur flyover set to open soon
• Future of extensive Smart City projects uncertain
• Financiers express interest for Mumbai-Nagpur super expressway
• Indian start-ups to double by 2020: Nasscom
• SBI inks pact with IIT-Kharagpur for fintech innovation
• Supreme Court refuses to stay Allahabad HC order of making DND fly-way toll-free
• An analysis by CRISIL on the pace of road construction
• Mumbai University gives way for better connectivity at BKC
• Debit card scare: A lesson for banks and their customers
• What is a Smart City ?

Indian Tollways is proud to be associated with Metro Infrasys - " India's top rated Toll Systems Provider "

The ITW Team

Sachin Bhatia Chief Editor

Leisure

E-Z Pass Only

Improved Car Seat Belt 40% Less Accidents

NHAI's First ETC(Electronic Toll Collection) PLAZA

• ETC based on Microwave Technology(CEN 278) implemented at Delhi - Gurgaon Super Connectivity
  Technology by: -Kapsch Metro JV.

News Categories

NHAI (332)
Highway (233)
BOT (231)
Projects (207)
Default (204)
Road (182)
About (175)
Infrastructure (160)
Tolling (108)
Investment and Finance (102)
Expressway (98)
Construction (90)
Smart City (87)
NHDP (77)
ITS (65)
International (55)
Delhi (53)
Safety (53)
Toll Plaza (51)
Toll Management System (50)
NHAI (332)
Highway (233)
BOT (231)
Projects (207)
Default (204)
Road (182)
About (175)
Infrastructure (160)
Tolling (108)
Investment and Finance (102)
Expressway (98)
Construction (90)
Smart City (87)
NHDP (77)
ITS (65)
International (55)
Delhi (53)
Safety (53)
Toll Plaza (51)
Toll Management System (50)
Metro Rail (42)
News (41)
Articles (41)
Government (Govt) (40)
Road Transport and Highways (Ministry) (39)
Traffic Control (38)
Expo & Events (34)
Transport (34)
Traffic Management (34)
PPP (31)
Roads & Bridges (29)
Parking (27)
MORTH (27)
Tech (26)
Gurgaon (26)
Municipal Corporation (24)
Dehi (23)
IRB Infra (22)
Complaints (22)
ETC (21)
Legal (20)
Traffic Congestion (20)
buses (18)
Urban Development (17)
Flyovers (17)
Maharashtra (16)
Mumbai (16)
Leisure (16)
• Food (2)
Complain (15)
Delhi-Gurgaon (15)
Reliance (14)
developement (14)
DMRC (14)
corridor (14)
JNNURM (14)
Indian Govt (14)
Urban Transport (14)
Traffic (14)
Karnataka (13)
EPC (13)
Interviews (13)
CHENNAI (12)
General (12)
CCTV Surveillance (12)
Media (11)
Toll Payments (11)
NCR (10)
Press Release (10)
Pradhan Mantri Gram Sadak Yojna (10)
CCEA (10)
Larsen & Toubro Ltd. (L&T) (9)
PWD (9)
Andhra Pradesh (9)
Policy (9)
Funds (9)
Toll Pricing (9)
IVRCL (8)
RFID (8)
Video (8)
Supreme Infrastructure India Ltd. (8)
IL&FS (8)
BRT (8)
Rules & Regulations (8)
Raahgiri Day (8)
Hyderabad (7)
GMR (7)
World Bank (7)
Congestion Charging (7)
India & Neighbours (7)
Cycling (7)
National Highway (7)
DND (6)
Kapsch (6)
china (6)
Miscellaneous (6)
FOB (Foot Over Bridges) (6)
Surveys & reports (6)
Traffic Signals (6)
Non-motorised Mobility (6)
Gayatri (5)
CARE (5)
IPO (5)
Fun (5)
Madhucon (5)
Festival Wishes & Related Stories (5)
Freeways (5)
Bidding (5)
MMRDA (5)
North-East (5)
Mobilty (5)
BRO (5)
Metro Road Systems (4)
Rajasthan (4)
Sensex (4)
Cricket (4)
Guest Editorial (8)
• Guest Editorial (7)
• Marc Obrowski (1)
GVK (4)
Ramky Infrastructure Ltd. (4)
highway on my plate (4)
IGIA (4)
Enviornment (4)
ADB (4)
MSRDC (4)
Economy (4)
Cause & Issues-Social (4)
e-rickshaws & e-vehicles (4)
CEN 278 (3)
DDA (3)
HCC (3)
HTMS (3)
Knowledgebase (3)
Spot Light (3)
Photos (3)
Ashoka Buldicon (3)
MBL (3)
NCC (3)
Sabdhav Engineering (3)
pakistan (3)
ITNL (3)
Gammon (3)
DIMTS (3)
National Green Tribunal (NGT) (3)
MoU (3)
State Government .(India) (3)
Regulatory Body (3)
Innovation (3)
DSIIDC (2)
PLUS (2)
ISO (2)
Australia (2)
Haryana (2)
Job (2)
Indiantollways Leauge (2)
Quizzes (2)
TrafficInfraTech (2)
Metro Infrasys (2)
South Africa (2)
KNR Constructions (2)
IDFC (2)
Product (2)
breaking news (2)
CII (2)
Regulation Act (2)
In Pictures (2)
(DMICDC) (2)
IGI (2)
Case Study (2)
GPS (2)
Metro & Tourism (2)
Skywalk (2)
Motor (2)
OMT (2)
IHMCL (2)
Infra (2)
Multi-level parking (2)
Banks (2)
RTI (2)
IIFCL (2)
DGSCL (2)
Indian Border (2)
RBI-Reserve Bank of India (2)
Land (2)
Planning (2)
Underpass (2)
Developers (2)
Road Safety Policy (2)
Bypass (2)
Police (2)
Blogs (2)
DTC (2)
Cars/ Smart Cars (2)
Commuting (2)
Connectivity (2)
Uncategorized (1)
IMS (1)
Punjab (1)
Power (1)
ATTSII (1)
CEN DSRC (1)
Career (1)
Sachin Sharma (1)
Pune (1)
NHPC (1)
Africa (1)
Further events (1)
KMC (1)
C&C Construction (1)
Nepal (1)
CCH (1)
Remembering (1)
Om Metal Infraprojects (1)
Atlanta (1)
Essar Projects (1)
Orissa (1)
BEML Ltd (1)
Ashok Piramal Group (1)
Valecha Engineering (1)
Stock Market (1)
MLITT (1)
FDI (1)
Genre (1)
Dilpi Buildcon (1)
Simplex (1)
MVR Infrastructure (1)
Ohio (1)
NTBCL (1)
CEMR (1)
SPA (1)
Vehicle Quota System (VQS) (1)
UPSHA (1)
Vinci Construction (1)
NOIDA Metro Rail (NMRC) (1)
USA (1)
Regional News (India) (1)
MEGA (1)
CEPT (1)
Subway (1)
Transort Councils (1)
Parliament ( Lok Sabha & Rajya Sabha) (1)
Tourism &Transport (1)
CBI (1)
Loans (1)
NHBF (1)
Tax (1)
NMMC (1)
rural (1)
Indian Tollways (1)
Conferanece (1)
Disaster & Management (1)
MoEF (1)
Mobile -Cell Phones (1)
Online Payment (1)
NUTP (1)
IDPL (1)
ROB (1)
Soma Construction (1)
ICTT (1)
UN (1)
Leadership (1)
Underbridge (1)
P I L (Public Interest Litigation) (1)
Trade routes (1)
BAN (1)
RFP (1)
Guidelines (1)
Trade (1)
Green road (1)
Monorail (1)
NH Bypass (1)
Ministry of Urban Development -MUD / MoUD (1)
Tenders (1)
Millennium depot (1)
Celeberations (1)
Water Transport (1)
Humor & Cartoons (1)
Budget (1)
Jaypee (1)
Law (1)
MTHL (Mumbai Trans-Harbour Link project) (1)
Urban Local Body (ULB) (1)
Urba Planning (1)
Green (1)
Others (1)
Software (1)
Digital Initiative (1)
Prime Minister (1)
Show More

Yearly Archives

open all | close all

Our Sponsers

• Metro Infrasys

Admin

• Log in

Copyright © 2007 Indian Tollways · Log in