NEW DELHI: The National Highways Authority Of India or NHAI has awarded 150 road projects in the Financial Year 2017-18. These projects, with a combined length of 7,400 km, are worth Rs 1,22,000 crore.
“In last 5 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 FY 2017-18 is an all-time high and a record achievement by NHAI since its inception in 1995,” said a statement released by the road authority.
The projects were awarded after the sanction of Centre's Bharatmala programme.
“During this drive, post Bharatmala, 232 projects were put on tenders involving around 11,200 km of road length costing more than Rs. 1,96,000 crore. To expedite land acquisition, a number of retired officers were employed and strong monitoring mechanisms were put in place. But for delay in land acquisition in some states, the award figures could have been still higher,' said the authority.
Further projects of around 3,000 km are likely to be awarded in the first two months of the next FY 2018-19.
“Out of the total projects awarded, 3,791 km length was awarded on EPC mode at a cost of Rs. 43,000 crore; 3,396 km was awarded on Hybrid Annuity mode at a cost of Rs. 76,500 crore and 209 km on Toll mode at a cost of Rs. 2,500 crore,” said NHAI.
The projects awarded include
Stay informed on all the latest news, real-time breaking news updates, and follow all the important headlines in india news and world News on Zee News.