The Road Ahead
ROADS & HIGHWAYS

The Road Ahead

India has the second largest road network in the world, spanning an estimated 6.4 million km. Highway construction in the country increased at a 17-per-cent CAGR between FY2016 and FY2021. Despite the pandemic and lockdowns, the Ministry of Road Transport and Highways (MoRTH) exceeded the target for FY2021 and constructed 13,298 km of National Highways last fiscal, as per an IBEF report. Further, the plan is to construct 40 km of highways every day in the current year, beating its daily record of 37 km per day from 2019-20.

Increased investments

Roads have been a key focus area for budget allocations over the years. A total of 200,000 km of National Highways is expected to be completed by 2022.

The Government of India has allocated Rs 111 trillion (US$ 1.4 trillion) under the National Infrastructure Pipeline (NIP) for FY2019-25. Of this, the roads sector is likely to account for 18 per cent capital expenditure. Under the Bharatmala Pariyojana Phase-I A, a total length of 34,800 km road projects has been proposed to be constructed with an estimated outlay of Rs 5.35 trillion ($ 74.15 billion).

Click here to read more

India has the second largest road network in the world, spanning an estimated 6.4 million km. Highway construction in the country increased at a 17-per-cent CAGR between FY2016 and FY2021. Despite the pandemic and lockdowns, the Ministry of Road Transport and Highways (MoRTH) exceeded the target for FY2021 and constructed 13,298 km of National Highways last fiscal, as per an IBEF report. Further, the plan is to construct 40 km of highways every day in the current year, beating its daily record of 37 km per day from 2019-20.Increased investmentsRoads have been a key focus area for budget allocations over the years. A total of 200,000 km of National Highways is expected to be completed by 2022.The Government of India has allocated Rs 111 trillion (US$ 1.4 trillion) under the National Infrastructure Pipeline (NIP) for FY2019-25. Of this, the roads sector is likely to account for 18 per cent capital expenditure. Under the Bharatmala Pariyojana Phase-I A, a total length of 34,800 km road projects has been proposed to be constructed with an estimated outlay of Rs 5.35 trillion ($ 74.15 billion).Click here to read more

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code