Slow Project Awards Stifle Indian Highway Construction
ROADS & HIGHWAYS

Slow Project Awards Stifle Indian Highway Construction

The sluggish pace of awarding projects in the roadways sector is anticipated to have a detrimental impact on highway construction in India. According to reports, the delay in awarding contracts has raised concerns about achieving the targeted highway construction goals. The protracted process of project approvals and awards has been identified as a significant bottleneck in the timely execution of infrastructure projects.


Experts emphasise that the slow pace of project awards not only impedes the progress of ongoing highway construction but also hampers the initiation of new projects. This delay is attributed to various factors, including bureaucratic hurdles, regulatory clearances, and procedural complexities in the approval process. The inefficiencies in project award mechanisms have created a bottleneck in the overall development of the country's road infrastructure.


The repercussions of the sluggish project award pace extend beyond the immediate construction domain. They have a cascading effect on the economy, affecting job creation, investment inflow, and the overall economic growth associated with robust infrastructure development. Stakeholders in the roadways sector urge authorities to streamline and expedite the project award process to catalyse the pace of highway construction.


Addressing these challenges requires a concerted effort from policymakers, regulatory bodies, and relevant stakeholders to identify and rectify procedural bottlenecks. Accelerating the project award process is essential for realising the full potential of infrastructure development, ensuring the timely completion of highway projects, and bolstering the economic impact associated with robust roadway networks in the country.


The sluggish pace of awarding projects in the roadways sector is anticipated to have a detrimental impact on highway construction in India. According to reports, the delay in awarding contracts has raised concerns about achieving the targeted highway construction goals. The protracted process of project approvals and awards has been identified as a significant bottleneck in the timely execution of infrastructure projects.Experts emphasise that the slow pace of project awards not only impedes the progress of ongoing highway construction but also hampers the initiation of new projects. This delay is attributed to various factors, including bureaucratic hurdles, regulatory clearances, and procedural complexities in the approval process. The inefficiencies in project award mechanisms have created a bottleneck in the overall development of the country's road infrastructure.The repercussions of the sluggish project award pace extend beyond the immediate construction domain. They have a cascading effect on the economy, affecting job creation, investment inflow, and the overall economic growth associated with robust infrastructure development. Stakeholders in the roadways sector urge authorities to streamline and expedite the project award process to catalyse the pace of highway construction.Addressing these challenges requires a concerted effort from policymakers, regulatory bodies, and relevant stakeholders to identify and rectify procedural bottlenecks. Accelerating the project award process is essential for realising the full potential of infrastructure development, ensuring the timely completion of highway projects, and bolstering the economic impact associated with robust roadway networks in the country.

Next Story
Infrastructure Energy

KEC Secures Rs 10, 380 Mn Substation Order in Saudi Arabia

KEC International Ltd., a global infrastructure EPC major, and an RPG Group company, has secured a new order worth Rs 10,380 million for the Design, Supply and Installation of a 380 kV GIS Substation in Saudi Arabia.Vimal Kejriwal, MD & CEO, KEC International Ltd., commented, “We are delighted with the successive order wins in our T&D business. In a landmark achievement, we have secured our largest ever substation order. This prestigious order in the Middle East has widened our portfolio and strengthened our presence in the region. With this strategic win, our year-to-date or..

Next Story
Infrastructure Urban

Central Bank of India executes first fully digital SCF deal on PSB Xchange

In a major advancement for India’s banking sector, Central Bank of India (CBI) has successfully completed the country’s first fully digital supply chain finance (SCF) transaction on PSB Xchange—a unified multi-lender platform launched by PSB Alliance. PSB Xchange is designed to connect public and private sector banks, NBFCs, and fintechs with corporates and their channel partners to facilitate supply chain finance and small business loans. The transaction marks the first time a fintech-originated corporate lead has been seamlessly processed through the PSB Xchange ecosystem. The lead fl..

Next Story
Infrastructure Energy

Atlanta Electricals secures Rs 1,835 Mn transformer order from BNC Power

Atlanta Electricals Limited (“Atlanta”) has secured an order worth Rs 1,835 million from BNC Power Projects Ltd for the supply of extra high voltage (EHV) transformers and a bus reactor for its Pugal site. The contract includes a mix of 315 MVA, 400 KV and 100 MVA, 132 KV transformers along with a 400 KV bus reactor. The project scope encompasses design, manufacturing, testing, and supply to the project site. Deliveries will be sequenced following engineering and drawing approvals, offering multi-quarter execution visibility and ensuring a steady production run-rate. The order will be ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?