The National Highways Authority of India (NHAI) proposes to award 6,000-km highway projects in the current fiscal. If achieved, this would be the second-best for the authority ever, in terms of project awards. In 2017-18, NHAI had awarded 7,400 km highway projects.
The authority has also set its highest construction target ever for 2019-20. The authority, which had built 3,320 highways in 2018-19, hopes to construct 4,500 km (12.32km/day) in 2019-20, proposing to clock over 35% growth.
A source in the authority said a majority of the projects would be awarded through the hybrid annuity model (HAM) in 2019-20, in which the government contributes 40% of the project cost in phases throughout the construction period. Read More
Latest posts by Financial Express (see all)
- Delhi-Katra Vande Bharat Express develops technical snag! Tejas Express rake used in place of Train 18 - November 22, 2019
- Indian Railways all set to offer world-class experience to passengers with swanky, revamped railway stations - November 22, 2019
- PM Modi’s solar pumps scheme for farmers triggers job losses among EPC contractors - November 22, 2019