NHAI Targets 5,000 Km Highways in FY25: Project Award Slowdown Explained

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NHAI Targets 5,000 Km Highways for FY25 Amid Project Award Slowdown

Team FS

27/Jun/2024

Key Points:

1: NHAI's FY25 Targets: NHAI aims for 5,000 Km of highways, a 25% decrease from FY24's 6,644 Km.

2: Reasons for Decrease: Slowdown in project awards and election-related constraints contribute to the reduction.

3: Analyst Predictions: Analysts anticipate a 5-8% growth in overall road construction, reaching 12,000-13,000 Km in FY25, marking a 20% increase over FY24.

NHAI has set its sights on constructing 5,000 Km of highways in FY25, marking a notable decrease of 25% from the 6,644 Km achieved in FY24. This reduction primarily stems from a slowdown in the award of projects and constraints imposed by the model code of conduct during elections, which typically restricts new infrastructure initiatives.

Looking ahead, industry analysts are optimistic about the broader landscape of road construction in FY25. They project a growth trajectory of 5-8%, aiming to reach a total of 12,000-13,000 Km in road construction, which would signify a substantial 20% increase compared to the previous fiscal year. This growth outlook reflects expectations of renewed momentum in project awards and expedited construction activities post-election cycles.

The dynamics of NHAI's targets and analyst predictions underscore the evolving trends and challenges within India's infrastructure sector. Stay informed with Finance Saathi as we continue to track these developments and provide insightful analyses on the road construction landscape and its implications for the broader economy.

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NHAI Targets 5,000 Km Highways for FY25 Amid Project Award Slowdown

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