Thursday, June 30th, 2022

NHAI To Award Rs.50,000 Cr Projects In First Quarter Of The Next Fiscal Year

The National Highways Authority of India is ramping up the pipeline of projects to be awarded in the first quarter of the next fiscal year, after awarding activity is expected to reach around 4,500 km of highways this financial year.

The authority is likely to bid out projects worth around `50,000 crore in the first quarter starting April.

In the current financial year, NHAI has awarded 2,350-kilometre highway projects across India that are worth `1.3 lakh crore. Another 2,000-kilometre highway project is expected to be awarded in the next two weeks.

The process to award projects has gained momentum in the past few months, after the Covid-induced slowdown last year.

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