Bharatmala Projects

Centre plans mega highways constructions to replace Bharatmala Pariyojana

Launched in October 2017, Bharatmala Pariyojana aimed to develop 74,942 kms of national highways with an investment of Rs 5.35 trillion

Project cost over doubled to Rs 10.64 trn under Bharatmala Pariyojana: Icra

The project cost under the Bharatmala Pariyojana (BMP) programme has more than doubled to Rs 10.64 lakh crore owing to the steep rise in input costs and an increase in land acquisition costs, rating agency ICRA said on Monday. Bharatmala Pariyojana is the largest highway infrastructure programme in India which aims at the development of 34,800 kilometres of national highway corridors at an investment of Rs 5.35 lakh crore. "Pending the cabinet approval for the revised cost of Bharatmala Phase-l, project awarding activity in the recent quarters took a beating, declining by 48 per cent YoY to 2,595 km during 7mFY2024 compared to 5,007 km during 7mFY2023," it said. The figures are for the first seven months of this fiscal compared to the year-ago period. ICRA said it expects the awarding activity to contract over 30 per cent YoY (Year-on-Year) in FY2024. Giving more insights, ICRA VP & Co-Group Head Ashish Modani said almost 95 per cent of the road awards by the Ministry of Roads ..

Costlier land acquisition led to Bharatmala cost overrun: Official

According to the CAG report tabled in Parliament on August 10, only 75.62 per cent of the approved length has been awarded, whereas 158.24 per cent of outlay was sanctioned up to March 31, 2023

Dilip Buildcon update on Bangalore-Chennai Expressway project

Dilip Buildcon announced that "Bangarupalem Gudipala Highways', wholly owned subsidiary of the Company has received the appointed date letter from the NHAI

Bharatmala Project cost doubles; only 23% project completed so far: Report

With land acquisition still being a pain area, the ambitious Bharatmala Project is expected to be completed in FY28 after a six-year delay only if the current pace of execution is maintained

Govt sanctions four national highway projects worth Rs 4,500 crore

The projects announced by Union Minister Nitin Gadkari pertain to the construction, widening, and upgrade of national highways in Assam, Telangana, Karnataka, and Andhra Pradesh

Centre incorporates MP's Atal Progress-Way in highways sector project

The Union Ministry of Road Transport and Highways on Thursday approved inclusion of the ambitious Atal Progress-Way project of Madhya Pradesh in the Bharatmala Pariyojana (BMP) phase 1

Govt constructed 2,921 km of highways under the Bharatmala Pariyojna

A total of 322 projects in a length of 12,413 km have been awarded under Bharatmala Pariyojana till August, 2020

NHAI awarded projects worth Rs 31,000 cr in FY21, highest in past 3 years

It has set a target of awarding 4,500 km of highway during current financial year, which it is likely to exceed

NHAI floats SPV to finance, build and operate Delhi-Mumbai expressway

NHAI is currently implementing about 28,000 km under 'Bharatmala Pariyojna' Phase-1. Under this, Delhi-Mumbai Expressway is one of the flagship highways corridors

First InvIT by govt entity set for launch; NHAI files application with Sebi

Senior officials told Business Standard the projects being offered under InvIT would mainly be ones constructed on government-funded or in engineering-procurement-construction mode

Covid-19 impact: Bharatmala may be delayed by four years, says ICRA

Depending on how quickly normalcy is restored, these plans could take off by end of FY2021. Therefore, 2020 is likely to be another year of muted awards

New BOT model may still not be preferred mode for highways: Experts

The NHAI has introduced 'harmonious exit' clause in the new concession pacts for the BOT projects

Budget 2020: Expect Bharatmala allocation to rise to Rs 1.01-trn, says ICRA

Total budgetary allocations to fund the ambitious new highway development programme is estimated at Rs 3,43,045 crore over FY2019-2022 - averaging around Rs 86,000 crore per annum.

Dilip Buildcon adds 3% on bagging contract for Rajkot's greenfield airport

Earlier, on October 30, the company informed the exchanges that NHAI has fixed October 24 as the appointment date for its wholly-owned subsidiary for construction of a highway under Bharatmala

LIC offering Rs 1.25 trillion by 2024 for highway projects, says Gadkari

The Minister said that the line of credit will be used to fund the ambitious Bharatmala project, the revised cost of which has reached Rs 8.41 trillion

Bharatmala projects may put Rs 194.35 bn debt at risk: Icra report

25 NH road projects likely to face direct competition from new economic corridors