According to NHAI sources, the first two months of the new fiscal appeared promising for highway construction with the pace going up by 9.6% to 28.5 km/day during the April-May period, as against 26 km/day in the same period last year. A revival of the project award is yet to materialize as the first two months witnessed 241 km of project awards, compared with 561 km in the corresponding period last year. Owing to a jump in the last quarter, construction clocked a pace of 29.21 km/day in FY19. As for project awards, the pace had slowed down in the last year of the first term of the NDA government, with a total of 5,470 km of projects being awarded in FY19—the figure stood at 17,055 km in FY18. Commenting on the construction rate in FY20, sources in the MoRTH said the pace would accelerate further in the months to come as the transport ministry has set a highway construction target of 40 km/day for the current fiscal. The agencies responsible for construction built 1,710 km of highways in the April-May period, compared with 1,562 km last year. NHAI managed 8.63 km/day, as against 8.78 km/day last year. The performance of MoRTH has improved from 13 km/day in FY19 to 15 km/day in YTDFY20. The ministry is largely implementing projects via the EPC route wherein the government bears all project costs. On the other hand, NHAI projects are increasingly being executed through the hybrid annuity model (HAM), an improved public-private-partnership (PPP) model in which the government bears 40% of project costs.
📅Published on:
23 July 2019
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