NHAI achieves highest ever construction of NHs
ROADS & HIGHWAYS

NHAI achieves highest ever construction of NHs

The National Highways of Authority of India (NHAI) has accomplished construction of 3,979 km of national highways in financial year FY2019-20. This is the highest ever highway construction achieved in a financial year by NHAI. The construction pace  as noticed in last years has seen a steady growth with 3,380 km construction in FY2018-19. Continuing the same trend with the development of 3,979 km of national highways  during FY2019-20, NHAI has achieved an all-time high construction since its inception in 1995.

The government has envisaged a very ambitious highway development programme , namely Bharatmala Pariyojana which includes development of about 65,000 km national highways. Under Phase-I of Bharatmala Pariyojana , the government has approved implementation of 34,800 km of national highways with a very stiff target of five years with an outlay of Rs 5,350 billion. NHAI has been mandated development of about 27,500 km of national highways under Bharatmala Pariyojna Phase-I.

In order to accelerate the pace of construction, a large number of initiatives have been taken to revive the stalled projects and expedite completion of new projects, said a press release by NHAI. These include:

  • Streamlining of land acquisition and acquisition of major portion of land prior to invitation of bids.
  • Award of projects  after adequate project preparation in terms of land acquisition, clearances, etc.
  • Disposal of cases in respect of Change of Scope (CoS) and Extension of Time (EoT) in a time bound manner
  • Procedure for approval of General Arrangement Drawing for ROBs simplified and made online.
  • Close coordination with other ministries and state governments.
  • One time fund infusion.
  • Regular review at various levels and identification or removal of bottlenecks in project execution.
  • Proposed exit for equity investors.
  • Securitisation of road sector loans.
  • Disputes resolution mechanism revamped to avoid delays in completion of projects.
  • With the increased pace of highway development, NHAI has achieved construction of 3,979 km of national highways in FY2019-20 and is committed to provide a smooth ride  on national highways in the country, said the release.

    The National Highways of Authority of India (NHAI) has accomplished construction of 3,979 km of national highways in financial year FY2019-20. This is the highest ever highway construction achieved in a financial year by NHAI. The construction pace  as noticed in last years has seen a steady growth with 3,380 km construction in FY2018-19. Continuing the same trend with the development of 3,979 km of national highways  during FY2019-20, NHAI has achieved an all-time high construction since its inception in 1995. The government has envisaged a very ambitious highway development programme , namely Bharatmala Pariyojana which includes development of about 65,000 km national highways. Under Phase-I of Bharatmala Pariyojana , the government has approved implementation of 34,800 km of national highways with a very stiff target of five years with an outlay of Rs 5,350 billion. NHAI has been mandated development of about 27,500 km of national highways under Bharatmala Pariyojna Phase-I. In order to accelerate the pace of construction, a large number of initiatives have been taken to revive the stalled projects and expedite completion of new projects, said a press release by NHAI. These include: Streamlining of land acquisition and acquisition of major portion of land prior to invitation of bids. Award of projects  after adequate project preparation in terms of land acquisition, clearances, etc. Disposal of cases in respect of Change of Scope (CoS) and Extension of Time (EoT) in a time bound manner Procedure for approval of General Arrangement Drawing for ROBs simplified and made online. Close coordination with other ministries and state governments. One time fund infusion. Regular review at various levels and identification or removal of bottlenecks in project execution. Proposed exit for equity investors. Securitisation of road sector loans. Disputes resolution mechanism revamped to avoid delays in completion of projects. With the increased pace of highway development, NHAI has achieved construction of 3,979 km of national highways in FY2019-20 and is committed to provide a smooth ride  on national highways in the country, said the release.

    Next Story
    Infrastructure Urban

    PCMC Raises Rs 2 bn Via Maharashtra’s First Green Municipal Bond

    Describing it as a landmark achievement, the Pimpri Chinchwad Municipal Corporation (PCMC) announced on Tuesday that it successfully raised Rs 2 billion through Maharashtra’s first Green Municipal Bond, drawing an overwhelming response from investors.The bond issue, launched on the BSE’s Electronic Bidding Platform via private placement, attracted bids totalling Rs 5.13 billion —more than five times the initial offer. The base issue of Rs 1 billion was fully subscribed within just one minute of opening, reflecting strong investor confidence, the civic administration said.Offered at a com..

    Next Story
    Infrastructure Transport

    Modi Launches Rs 460B Projects, Flags Off First Direct Train to Kashmir

    Prime Minister Narendra Modi will lay the foundation stone, inaugurate, and dedicate multiple development projects worth over Rs 460 billion in the holy town of Katra, the base camp of the Shri Mata Vaishno Devi Ji shrine, on Friday. This comes as he flags off the first-ever direct train to Kashmir, ending years of wait for seamless rail connectivity to the Valley.Modi will launch two Vande Bharat Express trains running between Shri Mata Vaishno Devi Katra and Srinagar on 6 June from Katra Railway Station. According to an official statement released ahead of the Prime Minister’s first visit ..

    Next Story
    Infrastructure Urban

    NCLAT Rejects Stay On Asset Freeze Order Against Gensol Group

    The National Company Law Appellate Tribunal (NCLAT) on Wednesday refused to stay the National Company Law Tribunal’s (NCLT) order to freeze the assets of Gensol, its promoters, and associated entities.The appellate tribunal directed two Gensol Group companies—BluSmart Premium Feet and Matrix Gas and Renewable—to approach the Ahmedabad bench of the NCLT with their plea. The matter is scheduled for hearing on June 12.The asset freeze order was initially passed by a vacation bench of the NCLT on 28 May, following a petition filed by the Ministry of Corporate Affairs (MCA). The order covered..

    Advertisement

    Advertisement

    Subscribe to Our Newsletter

    Get daily newsletters around different themes from Construction world.

    STAY CONNECTED

    Advertisement

    Advertisement

    Advertisement

    Advertisement

    Talk to us?