
A Bumpy Ride
Just why does the muted trend in highway construction and contract award continue in FY24.
Just why does the muted trend in highway construction and contract award continue in FY24.
The authority will pare the debt using proceeds from toll receipts from the NH projects, revenue and premium received from the BOT projects, and asset monetisation and securitisation.
Around 1,367 km on Delhi-Mumbai Expressway and 512 km on Hyderabad-Bangalore Corridor have been identified as pilot routes for digital highway development.
As part of the institutional placement, Canada Pension Plan Investment Board has proposed to make an additional investment of ₹357 crore in NHAI InvIT.
Crisil attributes the likely slowdown in the project award to a limited rise in budgetary support and a higher capex for 70% of high-value expressways currently under construction.
The authority resolved these cases with a settlement amount that was about 28% of the total claimed amount.
Budget 2022 has projected that the Internal and Extra Budgetary Resources (IEBR) of highway regulator NHAI will dip to a mere ₹1 lakh in FY23.
While transport ministry and NHAI are utilising budgetary funds really fast – in fact faster than other ministries – it is not appearing on the ground.