You are here: Home » News-CM » Economy » News
Business Standard

A record achievement by NHAI - Projects of 7,400 km worth Rs. 1,22,000 crore awarded in Financial Year 2017-18

Topics
Disaster Accident

Capital Market 

In Financial Year 2017-18, NHAI has awarded 150 road projects of 7,400 km worth Rs. 1,22,000 crore. In last 5 years, the average length of road projects awarded by NHAI was 2,860 km with 4,335 Km awarded in the last financial year. In comparison, the length of projects awarded in FY 2017-18 is an all-time high and a record achievement by NHAI since its inception in 1995.

Tendering and awarding projects picked up only after the sanction of ambitious Bharatmala programme and subsequent new procedure for sanction being put in place in November 2017. Under the new protocol, the NHAI board was delegated full powers for sanctioning EPC projects.

Following that high powered Projects Appraisal Committee and Cost Committee were put in place in NHAI.

During this drive, post Bharatmala, 232 projects were put on tenders involving around 11,200 km of road length costing more than Rs. 1,96,000 crore. To expedite land acquisition, a number of retired officers were employed and strong monitoring mechanisms were put in place. But for delay in land acquisition in some states, the award figures could have been still higher. It is expected that projects of around 3,000 km shall be awarded in the first two months of the next FY 2018-19.

Out of the total projects awarded, 3,791 km length was awarded on EPC mode at a cost of Rs. 43,000 crore; 3,396 km was awarded on Hybrid Annuity mode at a cost of Rs. 76,500 crore and 209 km on Toll mode at a cost of Rs. 2,500 crore.

The projects awarded include 1,234 km in Rajasthan; 739 km in Maharashtra; 747 km in Odisha; 725 km in Uttar Pradesh; 511 km in Tamilnadu; 504 km in Andhra Pradesh; 468 km in Karnataka 449 km in Gujarat; 389 km in Madhya Pradesh; 331 km in Haryana; 232 km in Bihar; 201 km in Jharkhand; 189 km in Telangana; 126 km in West Bengal; 120 km in Punjab; 100 km in J&K; and balance in other states.

With the above jump in work awards, NHAI has given a good beginning for ambitious Bharatmala Pariyojana approved by the Government in Oct., 2017, which is to be implemented with a very stiff target of 5 years (2017-18 to 2021-22).

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, April 02 2018. 09:31 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU