Budget 2024: Physical Infrastructure Uptrend
Massive outlay in nation’s infrastructure development
national highways
February 2024
November 2023
July 2023
May 2023
February 2023
December 2022
December 2021
November 2021
February 2021
A Bumpy Ride
Just why does the muted trend in highway construction and contract award continue in FY24.
NHAI to pay off ₹1.88 lakh cr; pare debt by half until FY30
The authority will pare the debt using proceeds from toll receipts from the NH projects, revenue and premium received from the BOT projects, and asset monetisation and securitisation.
Road projects worth ₹3.85 lakh cr were stalled in 2014: Gadkari
Gadkari said the Centre brought together banks, highways developers under one roof to resolve issues to revive projects immediately after taking over
Deaths due to road accidents rose to 1.53 lakh in 2021: Gadkari
On making six airbags mandatory in passenger cars, the minister says the proposal has been deferred to October 2023 after the stakeholders raised some issues regarding its implementation.
Only 4,766 km NH built so far in FY23 vs 12,200 km target
Nitin Gadkari says 719 NH projects are running behind schedule due to protracted monsoon and other factors like average rain in some states, Covid-19, and an increase in raw material prices.
Highway anomaly: Road-making dips while ministry capex at 3-yr high
While transport ministry and NHAI are utilising budgetary funds really fast – in fact faster than other ministries – it is not appearing on the ground.
NHAI to compensate ToT operator for revenue loss in upgrade work
Major changes to the ToT MCA have been approved by the ministry; changes will let NHAI to undertake capacity augmentation and minor improvements in particular section of highways
Cloud over 40 km/day as highway construction, contract awards lose steam
The current fiscal year is seeing a snag in highway construction—with a pace of 21 kms/day well below the target of 40 kms/day. Experts aver that the second wave of Covid-19 was a major deterrent.
Budget 2021: A big push for infrastructure
The push to build infrastructure via investments in core areas such as national highways is likely to pay rich dividends.
