MoRTH confident of achieving highway construction target
ROADS & HIGHWAYS

MoRTH confident of achieving highway construction target

According to MoRTH secretary Alka Upadhyaya, the Ministry of Road Transport and Roadways (MoRTH) is optimistic that it will complete 12,000 kilometres of new highways during the current fiscal year. The National Highways Authority of India (NHAI), according to Upadhyaya, has already earned almost 28,500 million through.

Phases 2 and 3 of the Infrastructure Investment Trust (InvIT) mode are advanced in order to achieve the target by the conclusion of the current fiscal year.

"The extended monsoon has slowed down the development of the National Highway.

She told PTI in an interview that "although, the pace of building has risen, and we are confident that the set targets shall be met by March 2023." As of November 2022–2023, the ministry had built 4,766 km of national highways as opposed to 5,1.18 km up until that point. 5,382 km have been awarded through November 2022–2023 as opposed to 5,578 km last year. In 2019–20, 10,237 km; in 2020–21, 13,327 km; and in 2021–22, 10,457 km were built by the ministry.

Upadhyaya stated that the NHAI would prioritise awarding new projects in 2023 and expedite construction to complete the ones that had already been awarded.

To reach the asset monetisation target of 230,000 million this year, she added, "NHAI will pursue asset monetisation through several modalities, including toll-operate-transfer (TOT) model and InvIT."

When questioned about whether the ministry will be able to use funding designated for the road sector, According to Upadhyaya, the government has accelerated investment and will make use of all funds designated for the roads sector.

We are on schedule for that investment, and we have asked the Ministry of Finance for a bigger budget to keep up with our investment pace, she said. Concerned about NHAI's high debt level, Upadhyaya responded that the organization's debt is at a self-sustaining level and that, thanks to an increase in budgetary allocation, NHAI is in a good position to service its debt.

According to MoRTH secretary Alka Upadhyaya, the Ministry of Road Transport and Roadways (MoRTH) is optimistic that it will complete 12,000 kilometres of new highways during the current fiscal year. The National Highways Authority of India (NHAI), according to Upadhyaya, has already earned almost 28,500 million through. Phases 2 and 3 of the Infrastructure Investment Trust (InvIT) mode are advanced in order to achieve the target by the conclusion of the current fiscal year. The extended monsoon has slowed down the development of the National Highway. She told PTI in an interview that although, the pace of building has risen, and we are confident that the set targets shall be met by March 2023. As of November 2022–2023, the ministry had built 4,766 km of national highways as opposed to 5,1.18 km up until that point. 5,382 km have been awarded through November 2022–2023 as opposed to 5,578 km last year. In 2019–20, 10,237 km; in 2020–21, 13,327 km; and in 2021–22, 10,457 km were built by the ministry. Upadhyaya stated that the NHAI would prioritise awarding new projects in 2023 and expedite construction to complete the ones that had already been awarded. To reach the asset monetisation target of 230,000 million this year, she added, NHAI will pursue asset monetisation through several modalities, including toll-operate-transfer (TOT) model and InvIT. When questioned about whether the ministry will be able to use funding designated for the road sector, According to Upadhyaya, the government has accelerated investment and will make use of all funds designated for the roads sector. We are on schedule for that investment, and we have asked the Ministry of Finance for a bigger budget to keep up with our investment pace, she said. Concerned about NHAI's high debt level, Upadhyaya responded that the organization's debt is at a self-sustaining level and that, thanks to an increase in budgetary allocation, NHAI is in a good position to service its debt.

Next Story
Real Estate

iWO(R)K

It is commonly believed that technology is the key differentiator between a smart and an ordinary workspace. While that is true on one level, it isn’t the whole truth. Conceptually, smartness as associated with an office has evolved from technological novelty to holistic sustainability, workplaces that not only perform but also inspire, explains Dikshu Kukreja, Managing Principal, CP Kukreja Architects. “A truly smart workplace is not simply a matter of embedding devices or automated systems; it is about creating an ecosystem that balances digital intelligence, ecological sensiti..

Next Story
Technology

Bentley’s AI-Driven Infrastructure Vision

Kaushik Chakraborty, Senior Vice President, Asia Pacific & Japan, Bentley Systems, shares with PRATAP PADODE, Editor-in-Chief, CW, how Bentley is reshaping infrastructure. Through AI, model-centric workflows and innovation, technology is helping deliver projects faster, greener and more efficiently across regions.How does Bentley’s global strategy ensure its solutions meet diverse infrastructure needs?Bentley’s technology is designed to scale globally. Projects large and small – from a hotel in Udevo to a 350-km highway in Australia – demonstrate that technology is no bar..

Next Story
Equipment

Handling the Bottom Line

In a highly competitive construction environment, efficient material handling is “the silent engine of profitability”, to quote Vaibhav Kulkarni, General Manager Projects, JP Infra Realty. “It’s not just about moving materials from A to B but developing a strategy to minimise touchpoints, reduce waste and maximise spends.”Planning stageBefore investing in material, Kulkarni recommends designing the material flow. “Map the journey of major materials from the delivery point to their final placement,” he recommends. While doing this, “minimise double-handling and identif..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?