Government to focus on 18 road projects in FY24
ROADS & HIGHWAYS

Government to focus on 18 road projects in FY24

According to the National Master Plan of Prime Minister Narendra Modi, Gati Shakti, the government will prioritise and move through with up to 18 crucial road infrastructure projects in the fiscal year 2023–2024.

The Centre is planning to invest in 67 crucial road projects over the next two years that will promote both national logistics efficiency and integrated infrastructure development.

Out of these 67 projects, one has already been finished, four are being implemented, and the remaining 62 are in the development stage. By 2024–2025, the government hopes to grant the remaining projects.

There could be three projects awarded in the current fiscal year, 18 in FY23, and 41 in 2024–2025.

Separately, the industry department has requested that crucial infrastructure-gap projects be granted by the infrastructure agencies prior to the Budget.

Infrastructure projects are now receiving more attention, which is consistent with the Gati shakti goal.

Also read:
Mango flyover to begin in three months with a revised design
Citywide Coastal Road to relieve traffic on the Sion Panvel Expressway


According to the National Master Plan of Prime Minister Narendra Modi, Gati Shakti, the government will prioritise and move through with up to 18 crucial road infrastructure projects in the fiscal year 2023–2024. The Centre is planning to invest in 67 crucial road projects over the next two years that will promote both national logistics efficiency and integrated infrastructure development. Out of these 67 projects, one has already been finished, four are being implemented, and the remaining 62 are in the development stage. By 2024–2025, the government hopes to grant the remaining projects. There could be three projects awarded in the current fiscal year, 18 in FY23, and 41 in 2024–2025. Separately, the industry department has requested that crucial infrastructure-gap projects be granted by the infrastructure agencies prior to the Budget. Infrastructure projects are now receiving more attention, which is consistent with the Gati shakti goal. Also read: Mango flyover to begin in three months with a revised design Citywide Coastal Road to relieve traffic on the Sion Panvel Expressway

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code