Recently the news has come on the internet that the government has been planning to award ₹3 trillion value of road projects for more than the next six months in the run-up to the upcoming year’s general elections, seeking to construct 10,000 km of roads. Since the news came on the internet it spread on many social media platforms. This news left many questions in people’s minds and now fans must be super curious to know about the whole information about the news. Here we have more information about the news and we will share it with you in this article.
Two individuals aware of the development stated this will be one of the largest road project awards in any given six months time with the Ministry of Road Transport and Highways seeking to finish 12,500 km highway awards by the completion of FY24, more elevated than the last few years. They also mentioned that more projects have been awarded in the second half of 2023 as the government agents reliable for construction have completed new stretches for bidding. The government has confirmed that all uncertain matters of land additions are determined before any task is put out for bidding. Scroll down to the next page for more information about the news.
As per the report, one of the two individuals mentioned earlier “Unexpectedly, due to the contraction in the project pipeline a few months ago, there has been a condition where more and more projects are up for bid. This should give a boost to highway building and awards which have been a bit slow for the last two and a half years,”. Highway building has remained in the slow lane, even though the government was forced to finish record structure in FY24 to show progress ahead of the upcoming year’s elections. You are on the right page for more information about the news so please read the complete article.
As far as we know, in the first five months of the recent fiscal, Morth has built only 3,196 km of highways out of a target of 13,800 km for the full year which would be a record if completed. The award formation in the April-August time is even more down at 1,756 km, less than even last year’s 2,706 km. The road award mark for FY24 has been kept at 12,500 km, marginally more elevated than the 12,375 km granted in the previous economic year. Here we have shared all the information that we had. Stay tuned to us for more updates.