The National Highways Authority of India (NHAI) has awarded two contracts worth Rs.3,918 crore in Karnataka under NHDP. The projects on NH 63 include ´four-laning of Hubli-Hospet section at Rs.2,293 crore to BSCPL-KNR (JV) and four-six laning of Hospet-Bellary-Karnataka/AP border Section for Rs.1,625 crore to Gammon India Ltd,´ the Ministry of Road Transport and Highways said.

The roads & highways sector is on a resurgent path, with fresh government initiatives for revival of projects, and new models such as hybrid annuity are expected to boost investor sentiment.

Infrastructure firm Dilip Buildcon has said that it has bagged a Rs.2,016 crore road project in Uttar Pradesh. ´The National Highways Authority of India has declared the company as the selected bidder for four-laning of Lucknow-Sultanpur section of NH-56 from 11.50 km to 134.70 km in the state of Uttar Pradesh under NHDP Phase IV on a hybrid annuity basis at a project cost of Rs.2,016 crore,´

The National Highways Authority of India (NHAI) has issued a letter of award (LoA) for two-laning of the Tonk-Sawai Madhopur section of NH-116 in Rajasthan under the National Highways Development Programme (NHDP) Phase-IV.

Shriram EPC has bagged contracts worth over Rs.430 crore. Of this, it had received a road contract worth Rs.301.05 crore from Chhattisgarh for executing road works of 50 km under the NHDP-IV on EPC to be completed over 24 months

The major policy initiatives of MoRTH in recent past are as follows: Exit Policy: The cabinet recently allowed private developers to exit all operational BOT projects two years from start of operations.

The road sector has gathered steam with the government´s focus on the revival of the investment cycle. Over the next six months, the government plans to award road projects worth Rs 3.5 lakh crore.

L&FS Engineering and Construction Company Ltd (IL&FS Engineering Services) has received a Taking-Over Certificate for substantial completion regarding Assam-19 Road Project from National Highways Authority of India (NHAI).

India´s increasing population, rapid urbanization, coupled with traffic congestion and the consequent demand for robust infrastructure have been the driving factors behind the growth of roads and bridge infrastructure.