From 4,192 km of highways developed in 2020-2021, the National Highways Authority of India (NHAI) has set a goal of constructing new highways with a combined length of 4,600 km over the course of of the current fiscal year.
With the flow of funds available, including budgetary outlays and funds realized via the toll-operate-transfer (TOT) road, the NHAI is optimistic about the possibility of achieving the target with the EPC and HAM projects.
“The authority was confident in achieving the target set for the current fiscal year, although there has been some impact on highway construction in recent times due to a labor shortage. work induced by the pandemic on certain sites. The rewards this year will be far more than the build target, but this is being finalized, ”said NHAI President SS Sandhu. Express Financial.
“There is some impact, not a lot. The impact varies from place to place. In some places there is no impact; but in other places 10 to 15 percent of workers have left. Overall, for now, the impact is minimal or marginal, ”he said when asked about the impact of the lockdown and restrictions.
Earlier it was reported that NHAI plans to increase awarded projects from 141 projects (4,788 km) worth Rs 1.71 lakh crore in 2020-2021 to around Rs 2.25 lakh crore over the course of of the current fiscal year.
It should also be noted that in the year 2020-2021, the Modi government took a record milestone by building 37 kilometers of highways per day, which is unprecedented.
Other ministry accomplishments include increasing the length of national roads over the past seven years, from 91,287 km (as of April 2014) to 1,37,625 km (as of March 20, 2021).
In addition, the total budget expenditure increased 5.5 times from Rs 33,414 crore in fiscal year 2015 to Rs 1,83,101 crore in fiscal year 2022.