road-and-transport-news
NHAI may not meet award and execution target for FY17 Icra
NEW DELHI . National Highways Authority of India (NHAI) is likely to miss the target for awarding and execution of road projects by a "wide margin", going by the progress so far, domestic rating agency Icra said today.
"Although the pace of execution increased by 17 percent during 8M FY2017 (April-November) to 5.82 km/day from 4.96 km/day, during 8M FY2016; it is just 27 percent of target execution of 21.92 km/day. "Therefore, in terms of both award and execution, the NHAI is expected to miss the target by a wide margin," the ratings agency said.
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