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.
