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Geological Survey of India to provide geotechnical consultancy for road projects

The National Highways Authority of India has signed an agreement with the Geological Survey of India (GSI) for geotechnical consultancy services. GSI will assist NHAI in vetting detailed project reports, provide slope stability studies, and identify geologically weak zones on national highways. Additionally, GSI will analyze DPRs prepared by NHAI consultants. This collaboration aims to improve the quality of construction and enhance the travel experience for highway users.
Authority Of India Geological Survey Of India National Highways Authority Geological Survey Road Projects National Highways Authority Of India

bank guarantee: Road to Quality: Bank guarantees may be cut, consultants screened

The government is planning to reduce bank guarantee and introduce new eligibility criterion for the selection of consultants for road projects. Contracts will be awarded at market-determined prices to ensure quality construction. The proposed changes aim to prevent contractors from quoting the lowest price, which compromises construction quality.
Jagannarayan Padmanabhan Bank Guarantee Road Projects Project Reports Eligibility Criterion Bid Process

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RIDE IV Sales Tax Commission holds first public information meeting in Conway

CONWAY, S.C. (WBTW) — A new road improvement and development effort in Horry County, also known as RIDE IV, held its first public information meeting Tuesday. The RIDE IV sales tax commission is currently operating on funds through a transportation tax. This tax, also known as “penny tax,” is 1% local sales and use tax […]
David Gilreath Construction Services Horry County Council Horry County North Myrtle Beach City Hall Conway River
Source: yahoo.com

KKR's road InvIT to acquire 12 assets from PNC infratech

"The transaction is one of the largest acquisitions in the highways sector. Annuity nature of cashflows from the Target Portfolio would provide further stability to our existing portfolio. This investment is in line with our thesis of acquiring assets with long balance concession life generating predictable distributions for our unitholders," said Gaurav Chandna, head - strategic finance at Highway Concessions One.
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