150 projects were awarded to NHAI in Financial Year 2017-18

150 projects were awarded to NHAI in Financial Year 2017-18 -  Infra Bazaar

Posted By:Infra Bazaar

In Financial Year 2017-18, NHAI has awarded 150 road projects of 7,400 km worth Rs 1,220 billion. The average length of road projects awarded by NHAI was 2,860 km per year in last 5 years. , However, only in the last financial year around 4,335 km length projects were awarded.

The length of projects awarded in FY 2017-18 is an all-time high. It is a record achievement by NHAI since its inception in 1995.

In the first two months of the FY 2018-19, it is expected that projects of around 3000 km shall be awarded.

3,791 km length was awarded on EPC mode at a cost of Rs 430 billion out of the total projects awarded in 17-18. Another 3,396 km were awarded on Hybrid Annuity mode at a cost of Rs 765 billion.  On Toll mode, another 209 Km was added at a cost of Rs 25 billion.

Bharatmala projects further boosted the tendering and awarding of projects. The sanctions of the ambitious project along with the new procedures are being put into place since November 2017.

As per the new rules and regulations, the NHAI board has been delegated with full authority and powers for sanctioning EPC projects. Post the approval a high powered Cost Committee and Projects Appraisal Committee has been put in place in NHAI.

During this drive, post-Bharatmala, 232 projects were put on tender costing more than Rs 1,960 billion involving around 11,200 km of road length. A large number of retired officers were employed to expedite land acquisition drive. Various strong monitoring mechanisms were also put in place to move things faster. The project awards figures could have been still higher but for the delay in land acquisition in some states.

The projects awarded include 100 km in Jammu and Kashmir, 120 km in Punjab, 126 km in West Bengal, 189 km in Telangana, 201 km in Jharkhand, 232 km in Bihar, 331 km in Haryana, 389 km in Madhya Pradesh, 449 km in Gujarat, 468 km in Karnataka, 504 km in Andhra Pradesh, 511 km in Tamilnadu, 725 km in Uttar Pradesh, 747 km in Odisha, 739 km in Maharashtra and 1,234 km in Rajasthan and balance in other states.