The National Highways Authority of India (NHAI) has set a target to award construction contracts for 7,300 km of roads in 2011-12. NHAI will put some 10,000 km out to tender to help ensure the award target is met.
Last year the NHAI awarded a record 5,083 km of work, so this target represents a 44 per cent increase in activity.
NHAI has also produced more detailed monthly targets of what it hopes to achieves, and these detail some 59 individual schemes, with a total length of 7,994 km and a total value of Rs 56,939 crore. According to these monthly targets, the busiest period for awards will be the summer months, with the July-November period expected to see 41 schemes awarded, totalling 5,832 km and worth some Rs 34,754 crore ($ 7.76 billion).
The NHAI is also looking towards the private sector to fund these schemes by way of concession agreements. It says about 75 per cent of the work it expects to award in the current financial year is suitable for BOT agreements. The remaining 2,000 km is either viewed as not financially viable for BOT, or is the responsibility of state governments.