+
NHAI awarded highest length of projects during FY20-21
ROADS & HIGHWAYS

NHAI awarded highest length of projects during FY20-21

Despite challenges due to the outbreak of the novel coronavirus pandemic, the National Highways Authority of India (NHAI) has awarded highest length of projects during FY2020-21 till date as compared to the projects awarded during same period in last three years. During April to August 2020, NHAI has awarded 26 projects of 744 km length as compared to 676 km in FY2019-20, 368 km in FY2018-19 and 504 km in FY2017-18. Capital cost of these 26 projects is over Rs 310 billion, which includes cost of civil construction, land acquisition, and other pre- construction activities. NHAI has set a target of awarding 4,500 km of highway during current fiscal and is likely to exceed the same.

Despite lockdown and prevailing situation, NHAI took various initiatives to instill confidence in the bidders of the sector. To ease the liquidity crunch and ensure cash flow to the contractors, NHAI ensured that no payments are delayed due to closure of office and disbursed Rs 100 billion during lock down in March 2020 using digital platforms, said a release by the authority. In the first quarter of the current fiscal, NHAI disbursed more than Rs 150 billion to the vendors. Additionally, steps such as monthly paymentsto the contractors were taken. Such moderations saw an encouraged participation from the bidders resulting in spiraling effect on the growth of the road sector.

With the increase in awards and expanding highway construction, NHAI has got a good beginning for a year marred by the global outbreak of the pandemic. NHAI is committed to develop the national highways infrastructure at a rapid pace and envisions to provide safe, smooth, and seamless travel experience on national highways , stated the release.

The authority also aims to construct 23 new highways by 2025.

Despite challenges due to the outbreak of the novel coronavirus pandemic, the National Highways Authority of India (NHAI) has awarded highest length of projects during FY2020-21 till date as compared to the projects awarded during same period in last three years. During April to August 2020, NHAI has awarded 26 projects of 744 km length as compared to 676 km in FY2019-20, 368 km in FY2018-19 and 504 km in FY2017-18. Capital cost of these 26 projects is over Rs 310 billion, which includes cost of civil construction, land acquisition, and other pre- construction activities. NHAI has set a target of awarding 4,500 km of highway during current fiscal and is likely to exceed the same.Despite lockdown and prevailing situation, NHAI took various initiatives to instill confidence in the bidders of the sector. To ease the liquidity crunch and ensure cash flow to the contractors, NHAI ensured that no payments are delayed due to closure of office and disbursed Rs 100 billion during lock down in March 2020 using digital platforms, said a release by the authority. In the first quarter of the current fiscal, NHAI disbursed more than Rs 150 billion to the vendors. Additionally, steps such as monthly paymentsto the contractors were taken. Such moderations saw an encouraged participation from the bidders resulting in spiraling effect on the growth of the road sector.With the increase in awards and expanding highway construction, NHAI has got a good beginning for a year marred by the global outbreak of the pandemic. NHAI is committed to develop the national highways infrastructure at a rapid pace and envisions to provide safe, smooth, and seamless travel experience on national highways , stated the release.The authority also aims to construct 23 new highways by 2025.

Next Story
Infrastructure Urban

India to Invest Rs 600 Billion to Upgrade 1,000 ITIs

As part of its drive to modernise vocational training, the Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with Gujarat’s Labour and Employment Department, held a State-Level Workshop at the NAMTECH Campus within IIT-Gandhinagar to discuss the National Scheme for ITI Upgradation.The consultation brought together key stakeholders from industry and the training ecosystem to align expectations and support implementation of the scheme, which aims to transform 1,000 Industrial Training Institutes (ITIs) across India using a hub-and-spoke model. The total outlay stands ..

Next Story
Infrastructure Urban

India Unveils Rs 600 Billion Maritime Finance Push

The Ministry of Ports, Shipping & Waterways (MoPSW) hosted the Maritime Financing Summit 2025 in New Delhi, bringing together over 250 stakeholders including policymakers, industry leaders, global investors, and financial institutions. The summit, held under the ambit of Maritime Amrit Kaal Vision (MAKV) 2047, focused on transforming India into a leading maritime power with strengthened financial, infrastructural, and technological capabilities.Union Minister Sarbananda Sonowal emphasised India's strategic progress, noting that average port turnaround times have dropped from four days to u..

Next Story
Infrastructure Urban

Govt Allocates Rs 500 Million To Boost Community Radio

The Central Government, through its ‘Supporting Community Radio Movement in India’ scheme, has allocated Rs 500 million to strengthen the community radio ecosystem across the country. The initiative aims to assist both newly established and long-operational Community Radio Stations (CRSs), ensuring their relevance to local educational, social, cultural, and developmental needs.According to the policy published by the Ministry of Information and Broadcasting, CRSs may be set up by not-for-profit organisations with at least three years of demonstrated community service. These stations are ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?