Watershed developments in the highway ecosystem during 2017

S. K. Khanna

The year gone by witnessed several structural changes, in fact, watershed developments shedding off developers concerns, stress and strains retarding the progress and growth of the road and highway sector. The year 2017 instilled both quality as well as quantitative improvements in the sector through pragmatic policy measures taken by the government. According to ICRA analysis, ‘there was a sharp rise in execution pace by about 37 percent followed by 35 percent growth in FY 2017.” Sharp focus on project execution and implementation resulted in cost and time overruns decline by over 11 percent in FY17.

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