BUSINESS
It had awarded projects of 7,400 kilometre length last fiscal
After having awarded road projects of 7,400 kilometre length last fiscal, the National Highways Authority of India (NHAI) is considering giving out projects of around 3,000 km in the initial two months of the current financial year.
“In FY18, the NHAI has awarded 150 road projects of 7,400 km worth Rs 122,000 crore. In the last five years, the average length of road projects awarded by NHAI was 2,860 km with 4,335 km awarded in the last financial year. In comparison, the length of projects awarded in FY18 is an all-time high and a record achievement by NHAI since its inception in 1995,” NHAI said.
In order to keep up the pace to implement ambitious Bharatmala Programme, the NHAI intends to award another 3,000-odd km of projects in the next couple of months of the new fiscal. NHAI officials state that the increase in awarding of the project in FY18 is due to Bharatmala Programme.
“Tendering and awarding projects picked up only after the sanction of ambitious Bharatmala Programme and subsequent new procedure for sanction being put in place in November 2017. Under the new protocol, the NHAI Board was delegated full powers for sanctioning engineering, procurement and construction (EPC) projects. Following that high powered Projects Appraisal Committee and Cost Committee were put in place in NHAI,” said an NHAI spokesperson.
Since the Bharatmala Programme has sanctioned for implementation, a total of 232 projects were put on tenders involving around 11,200 km of road length having a cost of over Rs 1,96,000 crore.
Some measures were also undertaken to expedite land acquisition, by recruiting retired officers, however, there continue to be issues in acquiring land to complete road projects. “But for the delay in land acquisition in some states, the award figures could have been still higher,” said NHAI.
Boxing legend Mike Tyson slaps YouTuber Jake Paul during final staredown, watch viral video
7 companies led by Mukesh Ambani, Nita Ambani's daughter Isha Ambani
Shahid Afridi's BIG appeal to BCCI amid Champions Trophy crisis, says. 'If countries once...'
Donald Trump picks anti-vaccine activist Robert F Kennedy Jr as US Health Secretary
Manipur violence: AFSPA reimposed in 6 police station areas including troubled Jiribam
Delhi Air Pollution: Delhi-NCR engulfed in thick smog, AQI in 'severe' category
Is Elon Musk buying McDonald's after Donald Trump's win? Here's what we know so far
Jake Paul vs Mike Tyson live streaming: When and where to watch much-anticipated fight
US takes immigration issue 'incredibly seriously': State Dept amid visa delays
Guru Nanak Jayanti 2024: Are banks closed or open today? Check state-wise list here
Beaver moon 2024 today: All you need to know about 2024's last supermoon
Anil Ambani's Reliance Infra posts Rs 4082 crore profit in 3 months, market cap climbs to Rs...
Meet Prerna Singh, daughter of autorickshaw driver, who cracked NEET-UG, her score was...
Meet woman, who cracked UPSC exam while doing full time job, secured AIR 3, now she is...
Viral video: Little girl wins heart with adorable dance to Janhvi Kapoor’s 'chuttamalle' song, watch
IND vs SA, 4th T20I Dream11 prediction: Fantasy cricket tips for India vs South Africa match
IND vs SA, 4th T20I: Predicted playing XIs, live streaming details, weather and pitch report
Delhi: All primary schools closed, classes shifted to online mode due to rising pollution levels
BIG trouble for Anil Ambani, criminal charges against his Rs 14422 crore company over...
Bhool Bhulaiyaa 3 producer calls Singham Again team 'unfair' after the box office win
From Play to Pay, Gaming Is Big Business And A Genuine Professional Prospect
Leasehold vs Freehold: Exploring Options for Expats and Investors in Dubai
Mukesh Ambani's Reliance, Disney complete Rs 70352 crore media merger, to be headed by...
Badshah lands in legal trouble, case registered against rapper for...
GRAP III imposed in Delhi: What is allowed, what is banned amid 'severe' air quality
'Throwing me in deep end': Ricky Ponting takes fresh dig at Gautam Gambhir over Virat Kohli remarks
Revolutionizing Inventory Management in the Cloud Era: Pradeep Kumar’s Strategic Innovations
Delhi: AAP's Mahesh Khichi elected mayor as party defeats BJP in MCD polls
Delhi Air Pollution: GRAP 3 to be imposed in national capital from Nov 15, strict ban on...
WATCH: Inside Rinku Singh's Rs 3.5 crore luxurious house with rooftop bar, private pool
Renowned Yoga Guru Sharath Jois passes away at 53 after suffering heart attack
NASA alert! Giant 'God Of Chaos' asteroid set for close approach to Earth, may trigger astroquakes
UPPSC protest BIG update: RO-ARO exam postponed, PCS prelims to be held in one day
This man earned more money than Mukesh Ambani and world's richest man Elon Musk in one day, he is...
'World's best....': Japan vlogger's reaction to Bengaluru airport goes viral
Sania Mirza named Sports Ambassador of THIS city, not Delhi, Hyderabad, Jaipur
Shloka Mehta turns heads in sleek white gown at Tira store launch, see pics
Amid Abhishek Bachchan and Aishwarya Rai divorce rumours, Jaya Bachchan surprises everyone with...
IND vs SA: Arshdeep Singh goes past Bhuvneshwar Kumar to become Indian pacer with most....
Mukesh Ambani, Isha Ambani’s luxury retail chain opens new store at...
PM Modi to receive Dominica’s highest national award for...
Shraddha Kapoor says people with big foreheads are…
'Busy making...': Kanhaiya Kumar sparks row with remarks on Devendra Fadnavis' wife; BJP hits back
'Full baarati vibes': Vietnamese man's epic 'nagin dance' steals show at Mumbai event
Tilak Varma credits THIS player for his century against South Africa, says 'He gave me...'
UPSC IFS Mains Admit Card 2024 to be released today at upsc.gov.in, check direct link to download
'Be prepared for...': Rupali Ganguly's stepdaughter Esha Verma REACTS to Rs 50 crore defamation case
Saudi, Iran: Cautious dance toward détente?
Anushka Sharma shares glimpse of Children’s Day special dish for daughter Vamika, son Akaay
Jaw-dropping! Man wraps massive green anaconda around his shoulders, internet says...
Donald Trump plans to end Russia-Ukraine war with THIS move, is expected to 'soon' appoint...