
New highway contracts hit as Bharatmala cost doubles: ICRA
The agency points out that in the absence of Cabinet approval of revised project cost, highway contract awards is suffering.
The agency points out that in the absence of Cabinet approval of revised project cost, highway contract awards is suffering.
Just why does the muted trend in highway construction and contract award continue in FY24.
Highway sector will utilise the capital expenditure really fast, says Debashish Biswas, partner (Infra), Deloitte India.
The capex push has focused on road and rail sectors. Budget needs to look at other infrastructure segments for holistic growth.
NHAI has awarded 777 km of road projects in H1 FY23, which is a three year low and 60% lower than the highway length awarded in the same period last fiscal
The authority resolved these cases with a settlement amount that was about 28% of the total claimed amount.