Union road transport minister Nitin Gadkari has hinted at inviting public money to fund National Highway Authority of India (NHAI) projects. Industry sources claim that the NHAI IPO is in the works, and will soon get an approval from ministry of finance. The government is confident of raising Rs.10 trillion from investor subscriptions. The minister expects that the NHAI IPO[Read More…]

The National Highways Authority of India (NHAI) has banned overloaded vehicles on the Pune- Solapur highway. This is in view of the damage to road infrastructure the overloaded trucks are inflicting. This is resulting in heavy maintenance costs, and is claimed to be a major contributor to road accidents and pollution. The ban, claim sources, will be implemented through specially[Read More…]