+
FM Boosts NHAI Allocation Marginally
ROADS & HIGHWAYS

FM Boosts NHAI Allocation Marginally

In a move to bolster infrastructure growth, the Finance Minister has marginally increased the allocation to the National Highways Authority of India (NHAI) for the fiscal year 2025. The allocated budget now stands at ?1.68 billion, reflecting the government's commitment to enhancing the nation's road and highway network.

This funding injection comes at a crucial time when the demand for robust infrastructure is on the rise. The NHAI plays a pivotal role in the development and maintenance of the country's highways, ensuring connectivity and accessibility. The incremental budget aims to address critical infrastructure gaps and support ongoing and upcoming projects.

Key areas of focus for this increased allocation include the expansion of existing highways, the development of new expressways, and the integration of advanced technologies to improve overall road safety. This strategic move aligns with the government's broader vision of fostering economic growth through enhanced connectivity and efficient transportation networks.

Stakeholders in the infrastructure sector welcome this development, anticipating a positive impact on job creation and economic productivity. As the nation strives for modernization, this financial boost to NHAI reflects a commitment to building a robust foundation for sustained progress.

In a move to bolster infrastructure growth, the Finance Minister has marginally increased the allocation to the National Highways Authority of India (NHAI) for the fiscal year 2025. The allocated budget now stands at ?1.68 billion, reflecting the government's commitment to enhancing the nation's road and highway network. This funding injection comes at a crucial time when the demand for robust infrastructure is on the rise. The NHAI plays a pivotal role in the development and maintenance of the country's highways, ensuring connectivity and accessibility. The incremental budget aims to address critical infrastructure gaps and support ongoing and upcoming projects. Key areas of focus for this increased allocation include the expansion of existing highways, the development of new expressways, and the integration of advanced technologies to improve overall road safety. This strategic move aligns with the government's broader vision of fostering economic growth through enhanced connectivity and efficient transportation networks. Stakeholders in the infrastructure sector welcome this development, anticipating a positive impact on job creation and economic productivity. As the nation strives for modernization, this financial boost to NHAI reflects a commitment to building a robust foundation for sustained progress.

Next Story
Real Estate

DLF Returns to Mumbai with Premium Andheri Residential Project

Delhi-NCR based real estate major DLF announced its return to the Mumbai market on 17 July with the launch of its premium residential project, The WestPark, in Andheri. The first phase includes 416 apartments spread across four towers, with two towers launched on the announcement day. The company plans to invest over Rs 8 billion in the project and expects a topline exceeding Rs 20 billion from Phase 1.“We have launched two towers and, given the strong response, plan to unveil the remaining two towers ahead of schedule, within the next few days,” said Aakash Ohri, Joint Managing Director o..

Next Story
Infrastructure Urban

APCRDA Advances Net Zero Goal with IGBC Training for Officials

In a significant stride towards Andhra Pradesh’s Net Zero target by 2040 and the Swarna Andhra 2047 vision, the Andhra Pradesh Capital Region Development Authority (APCRDA), in partnership with the Indian Green Building Council (IGBC), conducted a high-level capacity-building programme for senior officials in Vijayawada on Friday.Held at a city hotel, the session saw the participation of over 50 senior APCRDA officials, including the Engineer-in-Chief, Chief Engineer (H&B), Director (Planning), Director (Environment), and heads of key departments. The training centred on IGBC’s Green B..

Next Story
Infrastructure Energy

Assam Solar Project Halted as Waaree EPC Contract Is Cancelled

Following the Assam government’s withdrawal from its proposed solar project, the Engineering, Procurement, and Construction (EPC) contract awarded to Waaree Renewable has been suspended. Waaree Group’s EPC division informed the stock exchange of this development through a regulatory filing.The Assam solar project was suspended due to funding challenges, which rendered the initiative unviable for the state government. Waaree Renewable Transmission Limited (RTL) explained that the Government of Assam has withdrawn the project’s funding via the Asian Development Bank (ADB) loan. Consequentl..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?