Home Transport Infrastructure News Road & Highway News NHAI executing 205 projects worth Rs 13,500 crore: Raghav Chandra

    NHAI executing 205 projects worth Rs 13,500 crore: Raghav Chandra

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    Infrastructure spending has picked up in the country and NHAI is executing 205 projects including 18 worth Rs 13,500 crore on hybrid annuity mode, its Chairman, Raghav Chandra said. He added that highways sector has stimulated growth. Cement and steel sectors sales have increased by 5 per cent each while bitumen sales have risen by 35 per cent, NHAI chief said at a conference on ‘Revitalising Public Private Partnership in Infrastructure’ by IIFCL in New Delhi. Mr. Chandra said NHAI has awarded 18 projects on hybrid annuity mode (HAM) entailing an investment of Rs 13,500 crore under which about 800 km will be constructed. He said to revive languishing highways projects, government had taken up a number of initiatives and in three of the projects that were stuck since 2011, a sum of Rs 1,100 crore will be infused. On the troubled PPP projects, he said there had been uncertainties in the PPP projects in the past. Also, there had been “very aggressive” bidding in the period from 2010 to 2012. Many of the projects on build, operate and transfer (BOT) mode could not be successful as promoters failed to do required due diligence. Chandra also said NHAI is looking to bid out 30,000 km of projects in the next 2-3 years, which include several greenfield expressway projects.

    Source: realty.economictimes.indiatimes.com
    Image source: admis.hp.nic.in

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