Tuesday, June 28th, 2022
CECR

NHAI Sets Record Target Of 4,600 Km For FY22

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Undeterred by the pandemic havoc on the economy and nation, the National Highways Authority of India (NHAI) has set a remarkable target for the current financial year to build new highways with a combined length of 4,600 km. In the last financial year, a record 4,192 km of highways were constructed by NHAI, up from 3,979 km developed in 2019-20 and 3,380 km in 2018-19.

The target for the current year, though seemingly difficult, could be met with dependency on EPC and HAM projects, believes NHAI. The authority has a steady stream of funds including budgetary outlays, borrowings, and the funds being realised through the toll-operate-transfer (TOT) route.

NHAI Chairman, S. S. Sandhu said the authority was confident in completing the target set for the current fiscal even though there has been some impact on highway construction lately due to a pandemic-induced labour shortage in some sites. “Awards this year will be much more than construction target, but that is being finalised,” said Sandhu in a statement.

141 projects were granted by NHAI for a length of 4,788 km in 2020-21. Compared to 3,211 km in 2019-20 and 2,222 km in 2018-19, the length awarded in 2020-21 was the highest in the last three years. Asked whether lockdown and restrictions on mobility were impacting highway construction, Sandhu said, “There is some impact, not much. The impact varies from place to place. At some places, there is no impact; but at other places, 10-15% of the workers have gone back. Overall, as of now, the impact is minimal or marginal.”

 

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