In FY24, MoRTH intends to construct 45 kilometres of road daily
ROADS & HIGHWAYS

In FY24, MoRTH intends to construct 45 kilometres of road daily

According to sources, the ministry of road transport and highways (MoRTH) has set an internal goal to construct at least 45 km of roads per day this year. At this pace, a record-breaking 16,000 km of roads will be constructed in a year. India is anticipated to speed up highway construction this fiscal year, building the longest road ever in a single year, despite the prospect of a global economic recession.

Despite having finished a record 13,298 km (36.4 km/day) in the pandemic-hit year of 2020-2021, the ministry failed its road building targets for the preceding two fiscal years, prompting the establishment of this difficult aim. After that, the speed dropped to about 29 km in FY22, and it is predicted that it would stay there in FY23. According to data that is available up to February 2023, the previous fiscal year saw only 24 km of daily road construction, leading to 8,064 km of highway building.

As delays in clearances, land acquisition, and rising input costs could impede some unprofitable road projects with unattractive traffic projections for investors, the official target may be set slightly lower than the government's desired daily construction rate of 45 km, closer to the 12,200 km of last year. All road construction companies have been asked to expedite highway construction and address any issues preventing it. The ministry is also planned to conduct a number of high-level inter-ministerial conferences with officials from state governments in order to address project- related difficulties and begin work immediately.

According to sources, the ministry of road transport and highways (MoRTH) has set an internal goal to construct at least 45 km of roads per day this year. At this pace, a record-breaking 16,000 km of roads will be constructed in a year. India is anticipated to speed up highway construction this fiscal year, building the longest road ever in a single year, despite the prospect of a global economic recession. Despite having finished a record 13,298 km (36.4 km/day) in the pandemic-hit year of 2020-2021, the ministry failed its road building targets for the preceding two fiscal years, prompting the establishment of this difficult aim. After that, the speed dropped to about 29 km in FY22, and it is predicted that it would stay there in FY23. According to data that is available up to February 2023, the previous fiscal year saw only 24 km of daily road construction, leading to 8,064 km of highway building. As delays in clearances, land acquisition, and rising input costs could impede some unprofitable road projects with unattractive traffic projections for investors, the official target may be set slightly lower than the government's desired daily construction rate of 45 km, closer to the 12,200 km of last year. All road construction companies have been asked to expedite highway construction and address any issues preventing it. The ministry is also planned to conduct a number of high-level inter-ministerial conferences with officials from state governments in order to address project- related difficulties and begin work immediately.

Next Story
Infrastructure Urban

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Next Story
Infrastructure Energy

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Next Story
Real Estate

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement