Office Address
123/A, Miranda City Likaoli Prikano, Dope
Phone Number
+0989 7876 9865 9
+(090) 8765 86543 85
Email Address
info@example.com
example.mail@hum.com
123/A, Miranda City Likaoli Prikano, Dope
+0989 7876 9865 9
+(090) 8765 86543 85
info@example.com
example.mail@hum.com
The
National Highways Authority of India (NHAI) has said highway construction grew
20% in FY24 to its highest ever in a fiscal year.
The state-owned highway developer built 6,644
km of national highways in FY24 against the target of 6,544 km. In FY23, NHAI
built 5,544 km of national highways.
With
only 9,088 km of new highways built as of February-end overall highway
construction may miss the target of
13,814 km by a wide margin, though the ministry of road transport and
highways said it remains optimistic about ending FY24 with 12,000-13,000 km of
new highways.
The
National Highways & Infrastructure Development Corporation Ltd. (NHIDCL)
and state government agencies also build highways in India.
NHAI
also registered its highest ever capital expenditure of ₹2.07 trillion in
FY24, up 20% from ₹1.73 trillion in FY23 and ₹1.72 trillion in FY22.
The road ministry’s gross budget support (GBS) for capex in FY24 is ₹2.64
trillion and actual expenditure as of February 2024 is ₹2.34 trillion.
Highway construction picked up pace
in January and February, with over 3,000 km of highways being added to the
network in a late push.
In the
first 11 months of FY24—that's up to February-end—9,088 km of highways had been
constructed, more than the previous year's 8,064 km. But the bulk of the push
has come in the last few months of the year, with 2,872 km being constructed in
January and February alone.
