Road Construction News

Videos

Real TRUTH Of Nitin Gadkari's Road Infrastructure Progress - 2003 VS 2023 Case study | Mint Explain

Union road transport and highways minister Nitin Gadkari on Tuesday said total length of the national highways in the country increased by about 59% in the last nine years. As a result of this expansion, India now has the second largest road network, after the US.Addressing a press conference in New Delhi, Gadkari said: Total length of National Highways was 91,287 km in 2013-14, which increased to 1,45,240 km in 2022-23, which is a rise of more than 59% during this period.

1 Sep 2023
Videos

The Growth in India’s Highway Infrastructure | Mint Explains | Mint

In this video, we delve into India's remarkable growth in National Highways and its impact on the country's economy. Over the past 9 years, around 50,000 kilometers of new highways have been constructed, fostering connectivity and stimulating economic development. The Gati Shakti Mission aims to streamline freight movement and reduce logistical costs, driving India's integration into global value chains. We explore the significance of efficient transportation networks for India's competitiveness and highlight the importance of ongoing maintenance and quality improvement. This infrastructure upgrade aims to boost connectivity, stimulate economic growth, and enhance India's global competitiveness.

25 Aug 2023
Videos

Can India's dash to build roads lift exports? | Mint Primer | Mint

As national elections draw near, public spending has taken an upturn in India. The government is relying on an infrastructure build-up to multiply people’s incomes and support economic growth. Paced-up highway construction has been placed in the spotlight by the Centre’s aim to construct a record 45km of highways daily in 2023-24 on an average. This would add up to 16,000km during the year, exceeding the last high of 13,298km achieved in 2020-21 at a rate of 36.4km per day. Highway construction had slowed after that, with our daily rate dropping to 29km and 24km in 2021-22 and 2022-23, respectively. Let us explore whether India's infrastructure boom can propel economic growth.

11 May 2023
Politics

Cash crunch, surging costs may derail road construction plans

The PMO has recently told the NHAI that the government is not keen to sustain its large investments in building highwaysThe private sector is also not keen to do so, according to industry analysts and highway developers

2 min read3 Sep 2019
Markets

Order-flow hurdles, working-capital woes put the brakes on the road sector

The financial sector crisis in the country has also put banks on the back foot in lending to firms building roadsInfrastructure stocks began their descent after news of weak orders in FY19

2 min read14 Apr 2019
Industry

NIIF, Roadis tie up for $2 billion road investment platform

The platform will target toll-operate-transfer models, acquisition of road concessions and investment opportunities in the sectorRoadis is a wholly owned subsidiary of the Public Sector Pension Investment Board, one of Canada’s largest pension funds

1 min read3 Apr 2019
Market

Roads sector: Toll collections set to surge, but risks loom for developers

Toll rate revisions are linked partly to the wholesale price index (WPI)So far this year, the index has risen 4.7%, higher than the 3% growth in FY18

2 min read19 Jan 2019
Industry

In December, road construction hit a record 31.87km a day

Construction of highways gathered pace to touch a record average of 31.87km per day in Dec, but was still far from Nitin Gadkari's target of building 41km per day

1 min read10 Jan 2019
Companies

NHAI to further extend deadline for TOT road auction bids

NHAI is likely to set 3 January as the new deadline to privatize operations of its second bundle of roads under the toll-operate-transfer (TOT) model

1 min read14 Dec 2018
Market

Awards, execution of road contracts on fast track, but risk looms

A few new mid-sized companies have bagged most contracts. Their order books have swollen up to four times their revenues, raising concerns of timely execution

1 min read10 Sep 2018
Load More

Popular Topics

Budget

The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

25 Articles

ICICI Bank

Shares of ICICI Bank had a drop of -0.45% to Rs. 852.05 at closing today.

2 Articles