[ad_1]
Icra famous that street execution was impacted within the first half of FY24 on account of a chronic monsoon in sure geographies, which affected productive days.
In accordance with Icra, the ministry’s undertaking award pipeline is wholesome, at above 45,000 km as of March 2024.
That is regardless of the awarding being considerably impacted in FY24 amid delay in approval from the Cupboard for the revised value estimates of Bharatmala Pariyojana Section 1 (BMP), it added.
Consequently, the general awards declined by 31 per cent to eight,551 km in FY24 from 12,375 km in FY23.
Icra identified {that a} comparable pattern was seen in FY19 earlier than the final basic elections, when the undertaking awarding had declined by over 67 per cent on a year-on-year foundation. The ranking company stated engineering, procurement, and building (EPC) mode continues to be the mainstay of this course of, accounting for 70-75 per cent of the awards in FY24, adopted by Construct, Function, Switch (BOT)- Hybrid Annuity Mode (HAM), accounting for 25-30 per cent share.
“There have been no awards below BOT-Toll in FY2024,” Icra stated, including that in March 2024, the ministry amended the BOT-Toll mannequin concession settlement to enhance its attractiveness.
