India Aims for 40 km of Highway Construction Daily in Two Years

30 Aug 2024 CW Team

India is on track to achieve its ambitious target of constructing 40 kilometers of highways per day within the next two years, according to Bhavik Damodar, Partner at Deloitte India. Damodar emphasized the strong momentum from the central government, noting that the necessary ecosystem and construction capacity are already in place.

"If land acquisition and regulatory issues are promptly addressed, reaching the goal of 40 kilometers of road construction per day in the next 24 months is achievable," Damodar stated.

Discussing upcoming highway projects, Damodar indicated that future contracts would predominantly follow the EPC (Engineering, Procurement, and Construction) and HAM (Hybrid-Annuity Model) frameworks, with fewer projects using the BOT (Build-Operate-Transfer) model.

While EPC projects require substantial government funding, they offer opportunities for monetization under the TOT (Toll-Operate-Transfer) model. "The Union government is focusing on many corridors using the EPC model, with plans to transition some of these projects to TOT later," Damodar explained.

The government's commitment to infrastructure development is evident in recent announcements made in the Union Budget. Finance Minister Nirmala Sitharaman has unveiled plans for several major road projects, including the Patna-Purnea Expressway, Buxar-Bhagalpur Expressway, and road connections to Bodhgaya, Rajgir, Vaishali, and Darbhanga in Bihar, with an estimated total cost of around Rs 260 billion.

Additionally, the budget has allocated Rs 11111.11 billon for infrastructure capital expenditures over the next five years to ensure continued robust support for the sector.

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..