Fuelling NHAI’s ambitions

The government proposes to spend the R6,500-7000 crore that it makes from higher excise duties on auto fuels on the roads sector, reports
fe Bureau in New Delhi.

That could come in handy for NHAI which is in the process of bidding out some 5,000 km of roads, the bulk of which, almost 60%, will be built via the EPC mode. While road projects are picking up pace — NHAI is understood to have already awarded 1,500-1,600 km so far this fiscal — the target of constructing 25 km a day is ambitious and unlikely to be achieved in the next few years. That’s because many promoters are strapped for cash with existing projects bogged down by the lack of timely clearances.

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