A Bumpy Ride
Just why does the muted trend in highway construction and contract award continue in FY24.
national highways authority of india
November 2023
July 2023
April 2023
October 2022
May 2022
April 2022
February 2022
December 2021
NHAI to pay off ₹1.88 lakh cr; pare debt by half until FY30
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.
NHAI to create around 10,000 km of digital highways by FY25
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.
NHAI InvIT surges 7% on raising ₹1,430 cr via institutional placement
As part of the institutional placement, Canada Pension Plan Investment Board has proposed to make an additional investment of ₹357 crore in NHAI InvIT.
NHAI bids may slow down in FY23 on financial closure, land delays: Crisil
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.
NHAI settles ₹4,076 crore worth reconciliation cases in FY22
The authority resolved these cases with a settlement amount that was about 28% of the total claimed amount.
Budget fine print: Debt ridden NHAI not to raise any funds in FY23
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.
Highway anomaly: Road-making dips while ministry capex at 3-yr high
While transport ministry and NHAI are utilising budgetary funds really fast – in fact faster than other ministries – it is not appearing on the ground.
