Roads projects to be executed the EPC route
ROADS & HIGHWAYS

Roads projects to be executed the EPC route

The Minster of Road, Transport and Highways Nitin Gadkari has been quoted in a leading newspaper confirming that the focus will be more on EPC projects at the moment.

The ministry is prioritising asset monetisation and EPC, which will be entirely funded by the government. It is believed that this will enable faster monetisation of projects.

As reported, National Highways Authority of India (NHAI) has set itself a target of awarding 4,500 km of road projects in the current financial year. While projects awarded this year on the EPC mode total to 1,700 km, projects with a cumulative length of around 2,000 km are to be awarded on the HAM basis.

In the case of HAM projects, 40 per cent of the construction cost comes from the government and the remaining spends from the developer. Here, the government is also accountable for land acquisition and told collection.

As the roads sector has not been receiving a good response in terms of private investment, reportedly market watchers have also agreed on the viability of the EPC mode in terms of monetisation. The minister has been quoted on plans to increase the toll income to Rs 1 trillion annually from the current Rs 40,000 crore. As reported, in order to generate revenue, NHAI will allow oil marketing companies to set up petrol pumps along national highways, through wayside amenities. In terms of roads construction target, the aim is to construct 8,000-10,000 km by March this year. Following this, road construction would have reached around 7,000 km so far this fiscal.

With 10,800 km constructed in the financial year, FY19 witnessed the highest ever pace of road construction. Going forward, electric highways is reported to be on the priority list along with churning new modes of generating toll revenue.

The Minster of Road, Transport and Highways Nitin Gadkari has been quoted in a leading newspaper confirming that the focus will be more on EPC projects at the moment. The ministry is prioritising asset monetisation and EPC, which will be entirely funded by the government. It is believed that this will enable faster monetisation of projects.As reported, National Highways Authority of India (NHAI) has set itself a target of awarding 4,500 km of road projects in the current financial year. While projects awarded this year on the EPC mode total to 1,700 km, projects with a cumulative length of around 2,000 km are to be awarded on the HAM basis. In the case of HAM projects, 40 per cent of the construction cost comes from the government and the remaining spends from the developer. Here, the government is also accountable for land acquisition and told collection.As the roads sector has not been receiving a good response in terms of private investment, reportedly market watchers have also agreed on the viability of the EPC mode in terms of monetisation. The minister has been quoted on plans to increase the toll income to Rs 1 trillion annually from the current Rs 40,000 crore. As reported, in order to generate revenue, NHAI will allow oil marketing companies to set up petrol pumps along national highways, through wayside amenities. In terms of roads construction target, the aim is to construct 8,000-10,000 km by March this year. Following this, road construction would have reached around 7,000 km so far this fiscal. With 10,800 km constructed in the financial year, FY19 witnessed the highest ever pace of road construction. Going forward, electric highways is reported to be on the priority list along with churning new modes of generating toll revenue.

Next Story
Infrastructure Energy

Samridh, CEID Launch High-Capacity Biogas Plant in Moradabad

Samridh Bioenergy has broken ground on a 12 TPD compressed biogas (CBG) plant in Moradabad, Uttar Pradesh, under the MNRE’s National Bioenergy Programme. Spread across 12 acres, the plant will process 270 tonne of organic waste daily and generate 30,000 cubic metre of biogas per day.CEID Consultants and Engineering Pvt Ltd has been appointed as the EPC contractor, responsible for the complete design, procurement, and construction of the plant. Equipped with four multi-feed digesters, the facility will accept a mix of press mud, cow dung, chicken litter, and vegetable waste, supporting contin..

Next Story
Real Estate

Delhi Micro-Markets Drive Up Housing Prices: Grihum Study

A new study by Grihum Housing Finance reveals that the rise of micro-markets across Delhi-NCR is fuelling real estate price appreciation, especially in the affordable housing segment. Key drivers include renewed post-pandemic interest, migration trends, and government schemes like PMAY.According to the study, over the past two decades, floor rates have risen 267 per cent, from Rs 1,500 per sq ft in 2005 to Rs 5,500 in 2024. In the same period, land rates surged 492 per cent, from Rs 1,300 to Rs 7,700 per sq ft. The sharp increase highlights strong capital appreciation in Delhi’s emerging loc..

Next Story
Resources

Covestro Develops PCR Polycarbonates from End-of-Life Headlamps

Materials manufacturer Covestro has launched post-consumer recycled (PCR) polycarbonates made from end-of-life automotive headlamps, in a move aimed at strengthening circularity in the auto industry. These TÜV Rheinland-certified grades, containing 50 per cent recycled content, are now commercially available for new automotive applications.Developed under a joint programme led by GIZ, with Volkswagen and NIO as key partners, the recycled material is currently being validated for use in future vehicle models.""This new line of polycarbonate represents a significant step in supporting the autom..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?