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NHAI likely to award 97 projects in FY17 entailing investment of Rs 1 lakh crore

15 Jul 2016 Evaluate

Giving a big push to infra, the National Highways Authority of India (NHAI) may award 97 projects covering 6,631 km and worth Rs one lakh crore during the current financial year. The NHAI chairman Raghav Chandra has said that the around 97 projects with total length of 6,631 km, are likely to be awarded during the current financial year 2016-17.

Chandra said that more than 30,000 km of road projects are in the pipeline. NHAI has around 250 projects across the country and is expected to spend about $15-16 billion during 2016-17. The highway sector is poised for rapid growth as new opportunities unfold for construction of highways. The focus of NHAI is on development with a changed approach from output-based thinking to outcome-based thinking where PPP projects will be not only for construction component but for service aspect in highways development.

The projects include Vadodara -Mumbai 6/8 lane Expressway (Phase I ), Surat-Mumbai with a spur to Mumbai-Pune expressway and JNPT in Phase II, Delhi-Jaipur expressway, 6-8 lane semi-elevated Delhi-Meerut expressway, Somnath-Porbander-Dwarka section of NH-8E, Bihar/Jharkhand border-Barwa, Hospet-Bellary NH-63, Tamil Nadu Karnataka Border Bengaluru section of NH-209, Solapur-Bijapur section of NH-13, Salasar-Nagpur section of NH-65, Vikravandi-Thanjavur section of NH-45C, and four laning of Nagpur-Wardha-Nanded-Solapur-Ratnagiri section of NH-36.


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