Over 670 Road Projects behind schedule, Minister informs Parliament

01 Aug 2023 CW Team

According to a statement made by Minister for Road, Transport and Highways, Nitin Gadkari, in the Lok Sabha, there are a total of 1,612 road projects currently under construction across the country, including in Tamil Nadu, as of June 30, 2023. Out of these, 674 projects have experienced delays in their original schedules due to various reasons.

However, Minister Gadkari clarified that not all of the delayed projects are subject to cost escalation. The payment for price escalation is based on the contract conditions, and the actual amount of such escalation and any increase in project cost can only be determined upon the project's actual completion and final settlement of bills.

In cases where the delay can be attributed to the contractor, penalties are imposed, and price escalation is not paid. Therefore, there is no additional cost incurred due to such delays.

To ensure efficient progress, the ministry actively monitors the national highway projects in close collaboration with project implementing agencies, state governments, and contractors/developers. Periodic reviews of the projects are conducted at various levels, and several measures are implemented to enhance the liquidity of funds available to contractors/developers and expedite the project's progress.

Infrastructure Transport

10 Jul 2026

Uttar Pradesh unveils infrastructure-led growth roadmap at RAHSTA

Mumbai, 9 July 2026: Uttar Pradesh’s ambitious infrastructure-led growth strategy took centre stage on Day 2 of the 16th RAHSTA Expo, where senior government officials outlined how expressways, industrial corridors and technology-driven governance are transforming the state into one of India's most attractive investment destinations.Delivering the keynote address, Srihari Pratap Shahi, IAS, Additional Chief Executive Officer, Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), highlighted the state's long-term vision of integrating world-class expressways with industrial dev..

NCW closes PRIME Offices Fund at Rs 40 billion

Nuvama and Cushman & Wakefield Management (NCW) has announced the final close of its flagship PRIME Offices Fund at approximately Rs 40 billion, exceeding its original target of Rs 30 billion following strong investor demand.The fund was launched to provide Indian investors with access to institutional-grade commercial office assets across key office markets in the country. According to NCW, the increase in the fund size was supported by strong investor participation and the availability of investment opportunities in India's office sector.The fund has already committed around 45 per cent ..

Mayfair Housing adopts Autodesk Forma for digital project planning

Mayfair Housing has entered into a three-year strategic partnership with Autodesk to deploy Autodesk Forma, an AI-enabled cloud platform, as part of its digital transformation programme aimed at improving project planning and execution across its development and redevelopment portfolio.The platform will be integrated into the company's Building Information Modelling (BIM) workflow to support architects, planners and project teams during the early stages of design and development. Autodesk Forma combines real-world data, environmental simulations and collaborative workflows to facilitate data-d..