NHAI awarded highest length of projects during FY20-21 against same period in past three years
ROADS & HIGHWAYS

NHAI awarded highest length of projects during FY20-21 against same period in past three years

Notwithstanding the challenges from the outbreak of COVID-19, the National Highways Authority of India (NHAI) has awarded the highest length of projects during FY2020-21 to date compared to the projects awarded during the same period in the past three years. During April to August 2020, NHAI aw...

Notwithstanding the challenges from the outbreak of COVID-19, the National Highways Authority of India (NHAI) has awarded the highest length of projects during FY2020-21 to date compared to the projects awarded during the same period in the past three years. During April to August 2020, NHAI awarded 26 projects of 744 km length compared to 676 km in FY2019-20, 368 km in FY2018-19 and 504 km in FY2017-18. The capital cost of these 26 projects is over Rs.310 billion, which includes cost of civil construction, land acquisition and other pre-construction activities. NHAI has set a target of awarding 4,500 km of highways during the current fiscal and is likely to exceed the same.Despite the lockdown and prevailing situation, NHAI took various initiatives to instil confidence in the bidders of the sector. To ease the liquidity crunch and ensure cashflow to contractors, NHAI ensured that no payments were delayed owing to closure of office and disbursed Rs.100 billion during the lockdown in March 2020 using digital platforms, according to a release by the authority. In the first quarter of the current fiscal, NHAI disbursed over Rs.150 billion to vendors. Additionally, steps such as monthly payments to the contractors were taken. Such moderations saw encouraged participation from bidders, resulting in a spiralling effect on the growth of the roads sector.With the increase in awards and expanding highway construction, NHAI has made a good beginning in a year marred by the global outbreak of the pandemic. It remains committed to develop national highway infrastructure at a rapid pace and envisions the provision of a safe, smooth and seamless travel experience on national highways, stated the release. The authority also aims to construct 23 new highways by 2025.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code