Ahmedabad-Vadodara tops the chart

The company will sell a part of its operational road assets through an InvIT

In a significant development, nearly 200 reputed engineering colleges located across the country have opted for the scheme to adopt stretches of National Highways.

Union Minister of Road Transport and Highways & Micro, Medium and Small Enterprises (MSME), Nitin Gadkari has urged the country’s construction sector to devise ways to keep costs of government projects low even while leveraging the latest digitalisation technologies.

National Highways Authority of India (NHAI) has awarded projects for a total cumulative length of 1,330 km in the current financial year. The projects awarded so far are 1.6 times higher of 828 km awarded in FY 2019-20 and 3.5 times higher of 373 km awarded in FY 2018-19 during the same period.

Cost optimisation is a critical necessity in India. Given the infrastructure sector's role in a rapidly expanding major global economy like India's in facilitating trade, transport and communication, it is imperative for construction projects to be implemented under expert supervision to ensure their functionality and longevity.

While the pandemic impacted most industry events across the globe in 2020, this one remained untouched.

It was a sad story! But one filled with hope and optimism for the future. As per data shared by the Ministry of Statistics and Programme Implementation, 441 infrastructure projects have incurred cost overruns of Rs 4.35 trillion due to various, but predominantly delay in implementation.

In a bid to further improve the ease of doing business, the National Highways Authority of India (NHAI) has acceded to most of the suggestions made by the industry body, Consulting Engineers Association of India (CEAI).