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.

    "Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

    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
    Real Estate

    Platinum Corp Launches Bespoke Presidential Suites

    Platinum Corp has launched Platinum Stellar: Bespoke Presidential Suites, a luxury residential project on Main Avenue in Santacruz, Mumbai. The project has been positioned as a boutique, design-led development for high-net-worth individuals, business owners and legacy residents from the Bandra-Khar-Santacruz belt.The project has been developed in collaboration with celebrity interior designer Sussanne Khan and follows a design-first approach inspired by Art Deco architecture. It incorporates refined detailing, spacious layouts, premium material palettes and arrival experiences planned to creat..

    Next Story
    Infrastructure Transport

    Adani Airport City Plans Rs 200 Bn Investment

    Adani Airport City Limited (AACL), a wholly owned subsidiary of Adani Airport Holdings Limited (AAHL), has announced a programme to develop integrated airport cities across its airport network. The first phase will involve an investment of more than Rs 20,000 crore and cover around 22 million sq ft across Mumbai, Navi Mumbai, Ahmedabad, Lucknow, Jaipur and Guwahati.The development spans over 655 acres across six airports in five states. Nearly 440 acres are located in Mumbai and Navi Mumbai, which will receive close to 70 per cent of the planned investment. The focus reflects the Mumbai Metrop..

    Next Story
    Infrastructure Urban

    Vedanta contributes Rs 627.22 billion to exchequer

    Vedanta Limited contributed Rs 627.22 billion to the exchequer in FY26, according to its 11th Tax Transparency Report. The contribution accounted for 36 per cent of the company’s consolidated revenue from operations and reflected its focus on transparent governance, fiscal discipline and nation-building.The FY26 contribution marked a 13.3 per cent increase over the previous year. Vedanta’s cumulative contribution to the exchequer over the past decade reached Rs 4.83 trillion. The company said the Group ranks among India’s top three private-sector contributors to the national exchequer.Th..

    Advertisement

    Subscribe to Our Newsletter

    Get daily newsletters around different themes from Construction world.

    STAY CONNECTED

    Advertisement

    Advertisement

    Advertisement