News: India’s highway construction slows down

According to data from the Ministry of Road Transport and Roadways, as reported by Mint, just 3,559 km of highways had been constructed as of September, compared to the yearly objective of 1,2 hundred kilometers within the current fiscal year (FY23). Only one-fourth of the target has been reached, which is less than the 3,824 km that were constructed up to September in pandemic-stricken 2021.

The paper claims that both production and contract awards have slowed down. Compared to the 4,609 km of roadways during the same length of the previous fiscal year, 4,092 km of projects were delivered in the first half of 2022.

Giridhar Aramane, secretary of the Ministry of Road Transport and Motorways (MoRTH), told Mint that “construction typically picks up speed during the second half of the year and we’re certain of creating 12,000 km of highways this year.” He claimed that the target of 12,000 km may be attained if FY23 is devoid of any unexpectedly heavy rains or other significant impediments.

One of the officials told Mint that the 12,000 km that they planned to build would be governed by difficult projects including the construction of a six-lane, and an eight-lane, and gaining the right of entry to manage highways. The Covid-19 epidemic and an unexpectedly long wet season have prevented the government from completing the 12,000 miles, according to the paper. However, experts have said that 50 km of new roads must be created per day to reach the stated objective. There is no way that government agencies have been used to do this.

Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.

Bookmark

No account yet? Register

(Visited 14 times, 1 visits today)

Leave a comment

Your email address will not be published.

Buy and Sell Properties
25k+ Properties
241+ Location
311+ Agents
1Lac+ Customers