NHAI to boost public spending, more EPC on offer

15 Dec 2020 CW Team

In a bid to encourage public spending in infrastructure, the National Highways Authority of India (NHAI) is all set to bid out a greater number of construction and highway broadening projects on the full government-funded EPC mode.

Sources close to the development said that the authority is devising a plan to shoot up the share of other similar government-funded ventures and projects to about 50% as against the current policy that pegs the limit of such projects and works to only 30%.

The gears have already been set into motion taking into consideration the fact that in the case of EPC contracts, groundwork starts much more rapidly immediately after the projects are bid out as compared to those works that are granted under the Hybrid Annuity Model (HAM), wherein it takes six months at the very least for the private parties involved are required to tie up their capital from financial institutions and banks.

As per official data, the NHAI has already bid out projects that amount to a total length of about 1,900 km, entailing an investment amount of at least Rs 50,000 crore in the process. Speaking on the matter, a senior NHAI official said that they have been receiving good responses for all those bids that have been invited for the HAM projects. They now have a decent number of interested highway builders who are keen to take up such projects, he said. The bidding out of EPC projects will be accelerated in a bid to drive economic activities on account of this sector being a major employment opportunity creator, he further added.

Projects worth an estimated Rs 4.2 lakh crore have been bid out by the highways authority since 2015-16, sources corroborated. In this period of three financial years, not even a single project has been granted under BOT (Toll).

Image Source

Equipment

12 Dec 2025

Escorts Kubota Unveils BS V Next-gen Construction Range at Excon 2025

Escorts Kubota (EKL), one of India’s major engineering groups in the agricultural and construction equipment sectors, unveiled its latest BS V–compliant construction machinery line-up at Excon 2025. The refreshed portfolio underscores the company’s push toward application-driven, high-productivity solutions that reduce ownership costs and meet the needs of India’s expanding infrastructure landscape. With demand rising across urban development, industrial logistics and mining, the new range aims to deliver higher performance, durability and operator comfort.In the earthmoving segment, E..

ACE and Kotak Mahindra Bank Join Hands to Boost Backhoe Loader Financing

Action Construction Equipment (ACE), the world’s largest Pick-n-Carry crane maker and a leading manufacturer of material handling and construction equipment in India, has entered into a Memorandum of Understanding with Kotak Mahindra Bank to enhance the availability of flexible financing options for backhoe loader customers across the country.The collaboration aims to support contractors, infrastructure companies, entrepreneurs, SMEs, and emerging businesses by offering smoother access to credit through customised loan schemes, quicker turnaround times, and the extensive footprint of Kotak M..

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..