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
Building Material

Ambuja Cements Drags JSW Cement to Court Over ‘Kawach’ Brand

Ambuja Cements, part of the Adani Group, has filed a trademark infringement case against JSW Cement in the Delhi High Court, alleging that its rival copied the ‘Kawach’ brand with its new product ‘Jal Kavach’.Justice Manmeet Pritam Singh Arora issued summons to JSW Cement and its subsidiary, JSW IP Holdings Pvt Ltd, while referring the matter to mediation. Hearings are scheduled to resume on October 15 if no settlement is reached.Ambuja, which registered the ‘Kawach’ trademark in 2019, argues that the term ‘Kavach’—meaning shield—is the distinctive feature of its branding. ..

Next Story
Technology

Bentley Systems Named Innovation Partner of the Year 2025 by Afcons

Bentley Systems, the infrastructure engineering software company, has been recognised by Afcons Infrastructure Limited as its Innovation Partner of the Year 2025 at the Innovation Partners 2025 Felicitation Ceremony in Mumbai. The award acknowledges Bentley’s contribution to Afcons’ engineering digitalisation journey through an enterprise agreement providing access to over 250 Bentley engineering software tools. This adoption has enabled Afcons to accelerate project delivery, standardise digital workflows, and strengthen innovation across its infrastructure portfolio. Among key i..

Next Story
Infrastructure Urban

SBI Sells 13.18% Stake in Yes Bank to Japan’s SMBC

State Bank of India (SBI) has completed the sale of a 13.18 per cent stake in Yes Bank to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) for over Rs 8,889 crore. The divestment is part of a Rs 13,482 crore deal finalised in May with SMBC and seven private banks.Following the transaction, SBI’s shareholding in Yes Bank stands at 10.8 per cent. The deal, involving 4,134.4 million shares at Rs 21.50 each, is the largest cross-border transaction in the Indian banking sector.SBI Chairman C S Setty described the 2020 RBI-led rescue of Yes Bank as a pioneering public-private partnership, addi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?