Eyeing 5000 to 5200 km of projects by the end of fiscal NHAI road-and-transport-news



NEW DELHI . National Highways Authority of India (NHAI) plans to award 10-15 percent more projects this year compared to FY16, said Yudhvir Singh Malik, Chairman of NHAI. Speaking to CNBC-TV18 Malik said they look to award closer to 5,000-5,200 kilometres of projects by the end of the fiscal year. 
In April 2016, Ministry of Road Transport and Highways had announced an ambitious target of awarding 25,000 kilometres of road projects in FY17. Of this, 15,000 would fall under NHAI and 10,000 under the Ministry and National Highways and Infrastructure Development Corporation (NHIDCL). 
Malik agreed land acquisition posed the biggest challenge in achieving the target. To counter this roadblock in future, he said, NHAI plans to avoid any project awards unless 80 percent of the land is in possession and statutory clearances received. He said availability of funds is not an issue in achieving the target. Money control

Posted Date :  17-01-17

Categories : road-and-transport-news

Tag Cloud: road-and-transport-news

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