Roads have always been the sweet spot within the infrastructure sector. Since the 2015 launch of Bharatmala Pariyojana, a centrally funded roads and highways project, the Central government has awarded 4,466 kilometres of highways under the scheme till August 2018, and an additional 2,700 kilometres of new highway network under the same is expected to be awarded by the end of 2018, according to a report by ratings agency Care Ratings.
That’s not all. The report noted that the Ministry of Road, Transport and Highways plans to award 20,000-kilometre length of National Highways during 2018-19 (FY19) and the construction target for FY19 has been set at 16,418 kilometres, which is 67 per cent higher than the construction achieved in FY18.
“With elections across states and a pending general election in early FY20, we expect more projects, especially the ones awarded in FY16 and FY17, to be completed during FY19,” the report noted Read More