crisil: NHAI assured of awarding highways contracts for six,500-km this fiscal, say officers

Regardless of ranking company ‘s forecast that the Nationwide Highways Authority of India awarding could “decelerate to five,000 km yearly over the present fiscal and the subsequent”, the government-owned company is assured of assembly its challenge awarding goal of 6,500 km this yr, an official mentioned. The authority additionally remained assured of attaining its objective of setting up 5,000 km of nationwide highways through the present fiscal, NHAI chairperson Alka Upadhyaya mentioned.

Crisil in its newest report mentioned, “NHAI awarding could decelerate to five,000 km yearly over this fiscal and the subsequent, after a sequential rise from merely 2,222 km in fiscal 2019 to six,306 km in fiscal 2022.”

The Nationwide Highways Authority of India had awarded initiatives for a complete size of 6,306 kilometres within the final monetary yr, whereas the company constructed 4,325 kilometres of highways. The capital expenditure by NHAI for freeway infrastructure reached an all-time excessive of Rs 1,68,770 crore throughout FY22.

“We’ll award contracts for six,500 kms and can assemble 5,000 kms within the present fiscal,” NHAI chairperson Alka Upadhyaya informed PTI.

The ranking company additionally mentioned {that a} “restricted rise in budgetary help, coupled with increased capex (capital expenditure) for 70 per cent of high-value expressways at the moment underneath building, may defer NHAI awards underneath Bharatmala Part 1 past fiscal 2024 – the yr building was initially scheduled to be accomplished”.

“About 40 per cent of detailed challenge experiences, prepared initiatives underneath Bharatmala Part 1 are but to be awarded,” the ranking company mentioned.

Nevertheless, NHAI chairperson mentioned they are going to be capable to “award contracts for 30,000-31,000 km by 2025. Up to now 576 initiatives of the size of 20,368 kms had already been awarded underneath the programme”.

Bharatmala Pariyojana is India’s largest freeway infrastructure programme with the event of 34,800 km of Nationwide Freeway corridors at an funding of Rs 5.35 lakh crore.

The authority expects to award 60 per cent of its initiatives underneath the hybrid annuity mannequin (HAM), whereas engineering, procurement and building (EPC) contracts shall be one other 30 per cent.
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