Road construction to grow 12,000 kms in FY24, up 16%
ICRA projects the toll collection growth to be 6%-9% in FY2024, primarily supported by a 4%-5% growth in traffic.
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Highway toll collections to rise 16-18% in FY23: CRISIL
In the next fiscal, the traffic growth is expected to taper to 4% to 6% but will remain higher than the four-year compound annual growth rate (CAGR) of 2% to 3% seen through fiscal 2022.
The Infra Multiplier
The steep budget allocation for FY24 capex is intended to keep the GDP growth ticking. But has capex succeeded in creating the multiplier effect in the economy?
Budget 2023: Rly, Highway lead capex charge, bag ₹4,98,605 cr outlay
The capital allocation to the highway ministry for 2023-24 stands at ₹2,58,605 crore.
Budget 2023: Centre's priority to roads, highways continues
Capital expenditure in FY23 is up by 80% as compared to the previous fiscal.
Nagpur expressway a test case of execution and compensation: Mopalwar
Maharashtra’s biggest expressway -- from land acquisition to completion -- has been phenomenal
No dearth of finance, will tap capital market to fund roads: Nitin Gadkari
"I am now going to the capital markets. I do not have any problem with financial resources," exclaims transport minister Nitin Gadkari.
Welspun Enterprises sells road assets to Actis for ₹6,000 crore
The highway portfolio comprises five completed hybrid annuity model (HAM) assets and one operating build–operate–transfer toll asset.
Highway construction, contract awards dip in April
Construction in the month of April this year at 578 kilometres is down from 853 kms constructed in the same month last year.
Need innovative funding model for highways as bank finance delays projects: Nitin Gadkari
Gadkari suggested highway companies to jointly form a NBFC to garner resources for highway construction in the country with support from foreign funds.
