Highway superstructure catches fire

Not that anything was completed with NHAI and other government arms unable to pu tup more than 10% of India’s highways ( existing and new) on bidding due to funding constraints despite the attractive PPP nature of the projects having started with a 20 km per day, achieved around 7 and now trying a new target of 13-15 km per day

However a recent in-depth exclusive by Business Week proffers theat the government has been happy with investor/builder interest in the fiscal with contractors bidding 23 out of 35 projects to a premium based on revenues likely from the mostly BOT projects. NHAI awarding $112 bln this year for 7.5 k kms and 9000 kms next year of likely INR $16 bln matching the furious pace desirted in recovering growth in the power sector

 

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