Various reforms initiated by the government to ensure speedy approvals and clearances aided the pace of construction of roads, which improved 40 per cent from an average 4.3 km per day in FY2014-15 to 6 km in FY2015-16 and is likely to reach 11 km by FY2018, says Crisil.
Tag: NHAI projects
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Centre moves to complete pending NHAI projects
Various steps have been taken by the government and the National Highways Authority of India (NHAI) to remove the hurdles affecting the construction of highway projects.
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100% stake sale cleared in BOT projects
The Cabinet Committee on Economic Affairs has amended its earlier approval dated May 13, 2015, for permitting 100 per cent equity divestment after two years of construction completion for all BOT projects, irrespective of year of award.