NHAI says it will award  Rs 50k cr projects in Q1
ROADS & HIGHWAYS

NHAI says it will award Rs 50k cr projects in Q1

The National Highways Authority of India (NHAI) is set to bid out highway projects worth around Rs 50,000 crore in the first quarter starting from April this year.

NHAI is pacing up the pipeline of projects to be awarded in the first quarter of the coming fiscal year. Awarding activity is expected to reach around 4,500 km of highways this financial year.

The process to award projects has gained momentum in the past few months, after the Covid-induced slowdown last year.

In the current financial year (FY), the authority has awarded 2,350 km of highways worth Rs 1.3 lakh crore. Bids for another 2,000 km are expected to be awarded in the next fortnight, NHAI told the media. NHAI will start Q1 FY22 with around 2,500 km of bids to be awarded.

While the pace of awarding has been robust for the Ministry of Road Transport and Highways (MoRTH), including its implementing agencies NHAI and National Highways and Infrastructure Development Corporation, project completion has been a concern.

As we have reported earlier, the Parliament Standing Committee on transport, tourism and culture has expressed concerns over delays in as many as 888 road projects under the road transport ministry, which amount to Rs 3 lakh crore involving 27,665 km road stretches.

The panel recommended the Ministry of Road Transport and Highways (MoRTH) to take strong steps to encourage the participation of the private sector in road infrastructure projects across the country.

It recommended NHAI to prioritise the completion of its delayed road projects to prevent further cost escalation. The committee has also recommended NHAI to explore restructuring of its existing debt and prepare proposals to raise long term funds through the upcoming development financial institutions announced by Finance Minister Nirmala Sitharaman in the Budget 2021.

Image Source


Also read: Under-construction highways delayed by pandemic: Minister

Also read: Gadkari: 60,000 km highways in five years

The National Highways Authority of India (NHAI) is set to bid out highway projects worth around Rs 50,000 crore in the first quarter starting from April this year. NHAI is pacing up the pipeline of projects to be awarded in the first quarter of the coming fiscal year. Awarding activity is expected to reach around 4,500 km of highways this financial year. The process to award projects has gained momentum in the past few months, after the Covid-induced slowdown last year. In the current financial year (FY), the authority has awarded 2,350 km of highways worth Rs 1.3 lakh crore. Bids for another 2,000 km are expected to be awarded in the next fortnight, NHAI told the media. NHAI will start Q1 FY22 with around 2,500 km of bids to be awarded. While the pace of awarding has been robust for the Ministry of Road Transport and Highways (MoRTH), including its implementing agencies NHAI and National Highways and Infrastructure Development Corporation, project completion has been a concern. As we have reported earlier, the Parliament Standing Committee on transport, tourism and culture has expressed concerns over delays in as many as 888 road projects under the road transport ministry, which amount to Rs 3 lakh crore involving 27,665 km road stretches. The panel recommended the Ministry of Road Transport and Highways (MoRTH) to take strong steps to encourage the participation of the private sector in road infrastructure projects across the country. It recommended NHAI to prioritise the completion of its delayed road projects to prevent further cost escalation. The committee has also recommended NHAI to explore restructuring of its existing debt and prepare proposals to raise long term funds through the upcoming development financial institutions announced by Finance Minister Nirmala Sitharaman in the Budget 2021. Image Source Also read: Under-construction highways delayed by pandemic: Minister Also read: Gadkari: 60,000 km highways in five years

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?