NHAI awarded 1,330 km length of projects in FY20-21
ROADS & HIGHWAYS

NHAI awarded 1,330 km length of projects in FY20-21

National Highways Authority of India (NHAI) under the Ministry of Road Transport and Highways has awarded projects for a total cumulative length of 1,330 km in the current Financial Year. The authority reports that projects awarded so far in the first half of the current Financial Year are 1.6 times higher of 828 km awarded in FY 2019-20 and 3.5 times higher of 373 km awarded in FY18-19 during the same period. This is the highest length of projects awarded in FY 2020-21 as compared to the last three years during the same period. For the awarded projects, NHAI has already completed at least 80 to 90 per cent of the land acquisition, actioned utilities shifting and has obtained required clearances from various forest and environment authorities.

As per an NHAI statement, during April to September 2020, it awarded a total of 40 projects covering 1,330 km length. The capital cost of these 40 projects is Rs 472.89 billion, which includes the cost of civil work, land acquisition, and other pre-construction activities. NHAI has set a target of awarding 4,500 km of projects during the current Financial Year and is likely to exceed the target.
NHAI is committed to improve ease of doing business and facilitate a better working relationship with all its stakeholders. Recently, NHAI has agreed to implement various suggestions made by different industry bodies towards improving National Highways. NHAI has taken various initiatives from time to time to instil confidence of the bidders in the Road Sector.

In March 2020, NHAI disbursed Rs 100 billion through online payments and ensured that no payments remain pending due to closure of office during the lockdown. In the first quarter of the current Financial Year, NHAI disbursed more than Rs 150 billion to the vendors. Additionally, steps such as monthly payments to the contractors were taken to ensure cash flow to the contractors. Such moderations will result in a spiralling effect not only on the growth of the road sector but will also play a critical role in nation-building and advancing the growth of the Indian Economy.

National Highways Authority of India (NHAI) under the Ministry of Road Transport and Highways has awarded projects for a total cumulative length of 1,330 km in the current Financial Year. The authority reports that projects awarded so far in the first half of the current Financial Year are 1.6 times higher of 828 km awarded in FY 2019-20 and 3.5 times higher of 373 km awarded in FY18-19 during the same period. This is the highest length of projects awarded in FY 2020-21 as compared to the last three years during the same period. For the awarded projects, NHAI has already completed at least 80 to 90 per cent of the land acquisition, actioned utilities shifting and has obtained required clearances from various forest and environment authorities.As per an NHAI statement, during April to September 2020, it awarded a total of 40 projects covering 1,330 km length. The capital cost of these 40 projects is Rs 472.89 billion, which includes the cost of civil work, land acquisition, and other pre-construction activities. NHAI has set a target of awarding 4,500 km of projects during the current Financial Year and is likely to exceed the target.NHAI is committed to improve ease of doing business and facilitate a better working relationship with all its stakeholders. Recently, NHAI has agreed to implement various suggestions made by different industry bodies towards improving National Highways. NHAI has taken various initiatives from time to time to instil confidence of the bidders in the Road Sector.In March 2020, NHAI disbursed Rs 100 billion through online payments and ensured that no payments remain pending due to closure of office during the lockdown. In the first quarter of the current Financial Year, NHAI disbursed more than Rs 150 billion to the vendors. Additionally, steps such as monthly payments to the contractors were taken to ensure cash flow to the contractors. Such moderations will result in a spiralling effect not only on the growth of the road sector but will also play a critical role in nation-building and advancing the growth of the Indian Economy.

Next Story
Products

Viva ACP Launches FR A1-Rated Honeycomb Panels for Fire Safety

Viva, Asia’s largest manufacturer and supplier of aluminium composite panels (ACP) introduced its FR A1-rated Honeycomb Panels, setting a new industry benchmark for fire safety and architectural excellence. Engineered to deliver exceptional performance, these panels combine advanced fire-resistance technology with aesthetic versatility, offering a revolutionary solution for safety-critical environments.The FR A1 rating represents the highest standard of fire resistance under the European Standard EN 13501-1, signifying non-combustibility and zero contribution to fire, smoke, or toxic emissio..

Next Story
Real Estate

Almal Real Estate Expands into Commercial, Global Markets

Almal Real Estate Development is soon to announce its upcoming expansion into new verticals and international markets as part of its strategic growth plans for 2030. The company, known for its innovative luxury residential and hospitality developments, is preparing to diversify into the commercial sector with the introduction of The Smart Space, a network of business centers in UAE featuring five-star amenities. Additionally, Almal is entering new markets in Bali and Thailand as a community developer, focusing on villa and townhouse projects.The expansion into the commercial real estate sector..

Next Story
Infrastructure Urban

NABARD Approves Rs 9.03 Billion for 127 Projects in Himachal

The Himachal Pradesh government has secured approval from the National Bank for Agriculture and Rural Development (NABARD) for 127 projects worth Rs 9.03 billion for the 2024-25 fiscal, Chief Minister Sukhvinder Singh Sukhu announced. During a meeting with MLAs from Kangra, Kullu, Kinnaur, Solan, Chamba, Bilaspur, and Lahaul-Spiti districts to discuss priorities for the 2025-26 budget, Sukhu said the approved projects include 50 MLA-priority schemes under the Public Works Department, valued at Rs 4.12 billion, and 23 MLA-priority schemes under the Jal Shakti Vibhag, costing Rs 1.79 billio..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?