+
Govt aims to accelerate highway construction to 40 km/day
ROADS & HIGHWAYS

Govt aims to accelerate highway construction to 40 km/day

With less than 12 months left for the next general election, the central government wants to ramp up highway construction across the country. Union cabinet minister Nitin Gadkari has asked officials of the Ministry of Road Transport and Highways to ramp up the pace of construction to around 40 km per day from the present 34 km per day target.

The centre plans to build 12,500 km of roads in the current fiscal year ending March 31, 2024. A higher pace of construction would likely translate into more than 17 per cent achievement over the target.

The mode of construction for these roads will be a mix of engineering, procurement and construction, hybrid annuity and build-operate-transfer mode. In May, national highway construction was up over 12 per cent at 1,465 km as compared to 1,307 km during the corresponding period in 2022-23. The road transport ministry will spend 91 per cent of its budgetary allocation of Rs 2,58,606 crore by December this year. Actual expenditure as of May-end was Rs 59,078 crore.

With less than 12 months left for the next general election, the central government wants to ramp up highway construction across the country. Union cabinet minister Nitin Gadkari has asked officials of the Ministry of Road Transport and Highways to ramp up the pace of construction to around 40 km per day from the present 34 km per day target. The centre plans to build 12,500 km of roads in the current fiscal year ending March 31, 2024. A higher pace of construction would likely translate into more than 17 per cent achievement over the target. The mode of construction for these roads will be a mix of engineering, procurement and construction, hybrid annuity and build-operate-transfer mode. In May, national highway construction was up over 12 per cent at 1,465 km as compared to 1,307 km during the corresponding period in 2022-23. The road transport ministry will spend 91 per cent of its budgetary allocation of Rs 2,58,606 crore by December this year. Actual expenditure as of May-end was Rs 59,078 crore.

Next Story
Infrastructure Urban

IndusInd Bank Opens All-women Branch in Chennai, Tamil Nadu

IndusInd Bank announced that it has opened an all-women branch in Chennai, Tamil Nadu. Located at Saveetha Dental College, Velappanchavadi, this is the 12th all-women branch established by the Bank in country. Through this initiative, IndusInd Bank aims to offer women customers more comfortable and convenient space for availing banking services.Spread across 1300 sq ft, the all-new branch is managed by a team of five dedicated women bankers and offers a full suite of IndusInd Bank’s retail banking services, including savings and current accounts, fixed deposits, recurring deposits as well as..

Next Story
Infrastructure Urban

Shimona Chadha Appointed Chief Marketing Officer at Persistent

Persistent Systems, a global leader in Digital Engineering and Enterprise Modernization, today announced the appointment of Shimona Chadha as Chief Marketing Officer. She will be responsible for driving the Company’s global marketing strategy, strengthening brand positioning, and enabling business growth through integrated marketing initiatives.With more than two decades of experience across B2B, B2C, and B2B2C segments, Shimona has led marketing transformations that unlock business value and accelerate growth. She joins Persistent from HCLTech, where she served as Vice President and Head of..

Next Story
Infrastructure Urban

Tinna Rubber Raises Rs 780.7 Mn via QIP Equity Placement

Tinna Rubber, one of Asia’s largest End of Life Tyres recycling companies, announced the successful completion of its QIP, fund raising for Rs 780.70 million by issuing approx 8.86 lakh equity shares to Qualified Institutional Buyers (QIB) in compliance with SEBI ICDR Regulations. The Fund Raising Committee authorised by the Board, in its meeting on June 27, 2025, approved the pricing and allotment in the QIP to eligible QIBs.This marks the first ever QIP by the Company. The offering witnessed participation from reputed long-only institutional investors like ICICI Prudential Mutual Fund, JM ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?