NHAI heading towards a quantum jump in award of projects has invited bids for 10,460 km till January in FY 2017-18

NHAI heading towards a quantum jump in award of projects has invited bids for 10,460 km till January in FY 2017-18 The National Highways Authority of India has invited bids for a length of 10,460 km, costing nearly Rs.1,75,000 crore till January, 2018, and is all set to achieve a quantum jump in the award of road projects in the year 2017-18. Further bids in another 1,000km will be invited within the next 15 days. The average length of road projects awarded by NHAI in the last 5 years was 2,860 km, with 4,335 km awarded in 2016-17. Shri Nitin Gadkari, Minister for Road Transport & Highways, Shipping and Water Resources, River Development and Ganga Rejuvenation had set a target for NHAI for award of 10,000 km this year. Projects for a length of nearly 2,700 km, costing Rs.43,000 crore have already been awarded by the Authority in 2017-18, and there are plans to award 3,300 km. in Feb. and 5,000 km. in March, 2018 subject to a good response in bidding and cooperation from state governments in land acquisition and project clearances. A list of the projects awarded and tendered so far is placed below. The projects awarded and likely to be awarded by March, 2018 cover 1,900 km. in Maharashtra; 1150 km. in Rajasthan; 1,020 km. in Uttar Pradesh; 880 km. in Odisha; 745 km. in Andhra Pradesh; 740 km. in Madhya Pradesh; 650 km. in Gujarat; 620 km. in Karnataka; 570 km. in Tamilnadu; 500 km. in Bihar; 430 km. in Jharkhand; 365 km. in Telangana; 350 km. in Haryana; 280 km. in West Bengal; 270 km. in Chattisgarh; and balance in other states (150 km.in Punjab; 150 km. in Himachal Pradesh;140 km. in Delhi, 120 km. in Kerala; 100 km. in J&K). With the above jump in awards, NHAI is set to give a good beginning for the ambitious Bharatmala Pariyojana" approved by the Government in Oct., 2017. To ensure that the targets are achieved, NHAI has set up a robust monitoring mechanism. Officials from the NHAI headquarters have been visiting project sites of critical projects and meeting officials of state governments (District Collectors and Land Acquisition Officers) for expediting land acquisition and project clearances. NHAI has also recruited a large number of retired revenue officials at the field levels. NHAI is also ramping up the pace of construction. In 2017-18, NHAI is set to complete construction in a length of 3,500 km. against the average in last 5 years of 2,170 km. To maintain the pace of construction, NHAI has commenced works on 27 new projects covering 1,330 km and will commence the work soon on another 50 projects covering 3,000 km. Banks/ financial institutions are now showing keen interest in Hybrid Annuity Mode (HAM) and financing of HAM projects is now happening smoothly. Please click here for the list of Projects Awarded Please click here for the list of bids invited

NHAI heading towards a quantum jump in award of projects has invited bids for 10,460 km till January in FY 2017-18

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