India's Vision 2047 Spurs
ROADS & HIGHWAYS

India's Vision 2047 Spurs "Mega Highways Construction Programme"

India is on the brink of a transformative overhaul in its infrastructure landscape with the imminent launch of a "Mega Highways Construction Programme" aligned with the ambitious Vision 2047 set by the Bharatiya Janata Party (BJP)-led NDA government. This initiative, slated to replace the ongoing Bharatmala Pariyojana, is anticipated to revolutionize the country's connectivity network on an unprecedented scale.

The new Mega Highways Construction Programme aims to establish stringent criteria for identifying roads as national priorities, alongside crucial modifications to the Model Concession Agreement (MCA). These strategic adjustments seek to streamline infrastructure development processes and minimize potential contract disputes and litigation, fostering a more efficient framework for national growth.

Under the proposed modifications to the MCA, disputes concerning claims valued up to Rs 50 lakh will no longer undergo arbitration. Additionally, cases involving higher claim amounts will witness revised procedures, eliminating pre-reference or pendent elite interest for both the government and concessionaires. Furthermore, the concession period's insurance coverage will now include government entities as joint beneficiaries, ensuring project failure compensation.

Despite Bharatmala's significant strides in national highway construction, concerns have emerged regarding escalating project expenditures. Official data highlights India's consistent construction of over 10,000 kilometers of national highways annually since the Bharatmala launch in October 2017.

The project aimed to develop a total of 74,942 kilometers of national highways, with 34,800 kilometers earmarked for the initial phase until September 2022, involving an investment of Rs 5.35 trillion. While contracts for 27,384 kilometers have been awarded, the actual constructed length stands at 15,045 kilometers.

Looking ahead, the transition toward the "build operate transfer" (BOT) model for remaining national highway contracts this fiscal year is anticipated. This model will require minimal financial outlay from the exchequer. Currently, approximately 11 stretches, valued at Rs 22,000 crore, have been put up for bids, propelling momentum in BOT projects. These endeavors are expected to play a pivotal role in achieving the goal of awarding 10,000 kilometers of national highways in the ongoing fiscal year, symbolizing a significant step towards the nation's enhanced connectivity vision.

India is on the brink of a transformative overhaul in its infrastructure landscape with the imminent launch of a Mega Highways Construction Programme aligned with the ambitious Vision 2047 set by the Bharatiya Janata Party (BJP)-led NDA government. This initiative, slated to replace the ongoing Bharatmala Pariyojana, is anticipated to revolutionize the country's connectivity network on an unprecedented scale. The new Mega Highways Construction Programme aims to establish stringent criteria for identifying roads as national priorities, alongside crucial modifications to the Model Concession Agreement (MCA). These strategic adjustments seek to streamline infrastructure development processes and minimize potential contract disputes and litigation, fostering a more efficient framework for national growth. Under the proposed modifications to the MCA, disputes concerning claims valued up to Rs 50 lakh will no longer undergo arbitration. Additionally, cases involving higher claim amounts will witness revised procedures, eliminating pre-reference or pendent elite interest for both the government and concessionaires. Furthermore, the concession period's insurance coverage will now include government entities as joint beneficiaries, ensuring project failure compensation. Despite Bharatmala's significant strides in national highway construction, concerns have emerged regarding escalating project expenditures. Official data highlights India's consistent construction of over 10,000 kilometers of national highways annually since the Bharatmala launch in October 2017. The project aimed to develop a total of 74,942 kilometers of national highways, with 34,800 kilometers earmarked for the initial phase until September 2022, involving an investment of Rs 5.35 trillion. While contracts for 27,384 kilometers have been awarded, the actual constructed length stands at 15,045 kilometers. Looking ahead, the transition toward the build operate transfer (BOT) model for remaining national highway contracts this fiscal year is anticipated. This model will require minimal financial outlay from the exchequer. Currently, approximately 11 stretches, valued at Rs 22,000 crore, have been put up for bids, propelling momentum in BOT projects. These endeavors are expected to play a pivotal role in achieving the goal of awarding 10,000 kilometers of national highways in the ongoing fiscal year, symbolizing a significant step towards the nation's enhanced connectivity vision.

Next Story
Infrastructure Transport

Shivraj Chouhan Launches PMGSY IV and Announces Package for Madhya Pradesh

Union Minister Shivraj Singh Chouhan launched the Pradhan Mantri Gram Sadak Yojana (PMGSY) IV at Bhairunda in Sehore district during the 25 year celebrations and announced a development package for Madhya Pradesh. The programme was organised by the Union Ministry of Rural Development and attended by Chief Minister Dr Mohan Yadav, ministers of state, state ministers, legislators and senior officials from the centre and the state. The minister said the central government under the Prime Minister is committed to strengthening rural livelihoods through improved connectivity, housing and women's in..

Next Story
Infrastructure Urban

DMR Engineering Reports FY 25-26 Financial Results

DMR Engineering reported its half year results for the financial year ended 31 March 2026 and published full year figures on a standalone basis. Standalone revenue from operations decreased by 2.01 per cent year-over-year to Rs 102.58 million (mn), while profit after tax declined by 43.94 per cent to nine point five six mn, leaving a profit after tax margin of nine point zero five per cent. Earnings per share stood at Rs zero point nine two, a fall of 44.71 per cent year-over-year. The company attributed part of the decline to one-off provisioning for bad debts and additional financing charges..

Next Story
Infrastructure Urban

Atlanta Electricals Posts Strong FY26 Growth And Debt Free Finish

Atlanta Electricals reported audited consolidated results for the quarter and year ended 31 March 2026. The company recorded significant year-on-year revenue growth driven by capacity ramp-up at new facilities and higher utilisation at legacy plants. The announcement summarised operating improvements and strategic milestones achieved during the year. For Q4 the company reported revenue of Rs 7.48 bn and for FY26 revenue of Rs 18.52 bn, representing robust growth versus the prior year. EBITDA in Q4 was Rs. 1.49 bn and Rs. 3.44 bn for the full year, with margins expanding to 20 per cent in the q..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement