The government has decided to raise the viability gap funding (VGF) for certain projects under the fifth phase of the National Highway Development Project (NHDP V), owing to poor response to the first few projects put up for bids in December last year.
The first phase of the prime minister's ambitious Rs 58,000 crore (Rs 580 billion) National Highway Development Project, connecting four metros with four/six lane roads.
While activity in the highway segment has been slow, the bid pipeline saw recovery in January 2024, and awards are expected to improve in Q4FY24. The national highway (NH) bid pipeline has recovered from a low of Rs 15,900 crore in December 2023 to Rs 68,400 crore at present. The NHAI's pipeline stands at Rs 66,100 crore, with hybrid annuity model (HAM), build operate transfer (BOT) and engineering procurement and construction (EPC) projects accounting for 60 per cent, 29 per cent and 13 per cent share, respectively.
Delays in the National Highway Development Programme are likely to cost the government dear with the project costs escalating by a staggering Rs 50,500 crore (Rs 505 billion).
The government on Thursday postponed by one year the target date for completion of the first phase of the prime minister's ambitious Rs 58,000-crore National Highway Development Project.\n\n\n\n
The National Highways Authority of India (NHAI) has been under attack for delays in completion of its road projects as well as for poor corridor management.
National highways in remote areas, intermediate and single roads are all set to be two laned, with the government having identified 5,000-km of such roads for upgradation.
The government has launched another ambitious Rs 40,000 crore project to connect all major cities, not covered by NHDP, by four-lane highways.
The Economic Survey 2010-11 states that the infrastructure structure is a mixed bag of performance; some like telecommunications have done exceedingly well and in some others there have been less than targeted achievement.
Even though the national highways comprise only 2 per cent of the total length of roads, they account for about 40 per cent of the total traffic and the National Highways Development Project, implemented by National Highways Authority of India, remains mired in problems.
The Planning Commission on Monday lowered the target for construction of roads under the NHDP scheme to 2,500 km for the current fiscal from 3,165 km in the previous year, which was not met by the road ministry.
23% increase for Highways: The allocation during the current year to the National Highways Authority of India (NHAI) for the National Highways Development Programme (NHDP) has been stepped up by 23 per cent over the 2008-09 (BE).
Excise duty reductions will help lower prices and stimulate demand for 2&3 wheelers and small cars
After twice revising its deadline from the original December 2004 to the latest December 2006, the National Highway Authority of India (NHAI) officials say that till date it is only 94.4 per cent complete.
In what could be a shot in the arm for the National Highway Development Programme, the National Highway Authority of India is all set to receive a windfall of Rs 471 crore
Finance Minister P Chidambaram presented the Union Budget for 2008-09 in the Lok Sabha on Friday.
The thrust will be on improving connectivity in economic corridors and remote and border areas with a view to hike trade and enable faster movement of cargo.
Rs 7 lakh crore will be invested to develop for over 80,000 km of highways including Bharatmala project in the next five years
Projects would be bid out shortly while work on them would start after acquisition of 90 per cent land
Once the scheme is implemented 70-80 per cent of the freight would move along national highways as against the current 40 per cent, says Highways Minister Nitin Gadkari.
A number of significant linkages between rainfall and economic outcomes have policy implications.
Indian Railways has to up investment to strengthen network just like China and Russia.
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