NHAI awarded nearly 60 percent of projects in the first six months of the FY21 road-and-transport-news

 

NHAI awarded nearly 60 percent of projects in the first six months of the FY21

 

In past six months of the current financial year FY21 nearly 60 percent of the projects are awarded by the National Highways Authority of India (NHAI) which are government-funded ones.

 

NHAI said in a statement “The projects awarded so far in the first half of the current financial year are 1.6 times higher of the 828 km awarded in FY19-20 and 3.5 times higher of the 373 km awarded in FY18-19 during the same period”. In the month of April-September, 40 projects - spanning 1,330 km and worth Rs 47,289 crore were awarded.

 

An official mentioned that, the projects include cost of civil work, land acquisition, and other pre-construction activity. Of the 40 projects, 24 highway contracts are engineering, procurement, and construction (EPC) projects; the rest 16 are hybrid-annuity model (HAM) contracts.

 

“It is relatively easier to bid out an EPC contract than a HAM project because the latter takes longer to finalise,” said Kushal Singh, partner, Deloitte India. The authority said it plans to award 4,500 km of projects in FY21.

 

Recently, the NHAI agreed to implement the suggestions made by different industry bodies towards improving the national highways.

 



Posted Date :  10-10-20

Categories : road-and-transport-news

Tag Cloud: road-and-transport-news

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