Under the Engineering, Procurement and Contract (EPC) route, the National Highways Authority of India (NHAI) is set to award road projects of over 1,600 km in the next few months. It sends an indication that in the road sector the momentum is picking up again after sector had been under pressure till recently.
The awarding of 1,600 km road projects are part of the 2,500 km of projects earmarked by the Authority for awards this year. NHAI has already received bids for five projects covering 502 km and the response is good. The number of bids these projects have received range from as low as 4 to 12. NHAI said it is satisfied with the response under the EPC.
In addition to the above projects, the NHAI has also called bids for another 225 km and are preparing bids for 800 km road projects.
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