financetom
Business
financetom
/
Business
/
Gadkari plans to step on the gas as road construction slows down to 21 km per day this fiscal
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Gadkari plans to step on the gas as road construction slows down to 21 km per day this fiscal
Aug 10, 2020 5:02 AM

The COVID-19 pandemic has slowed down the construction sector considerably. From constructing 28 km per day last fiscal, the national highway construction slowed down to 21 km per day in the present fiscal in data available till the end of July. However, Nitin Gadkari, the road and transport minister, has now planned to step on the gas to make up for the loss due to the lockdown.

“The pandemic has had an impact on the construction of National Highways. There is a close to 40 percent dip in the construction of lane kilometers compared to the similar time period of last year. Also, these months are usually the peak months for construction activity, contractors and concessionaires need to double up their efforts to make good the lost ground,” says Jagannaryan Padmanabhan, Director, Crisil Infrastructure Advisory.

The pace of national highway construction has been at an average of 21.4 km per day during April-July of the current financial year, as per data reviewed by CNBC-TV18.

The ministry of road transport and highways builds highways along with its agencies National Highways Authority of India and National Highways & Infrastructure Development Corporation Ltd.

As per the data reviewed, the road ministry has constructed around 2,610 km of highways during the current financial year until July and has awarded 2,611 km of highways during the same period.

During 2019-20 (April-March), the ministry had constructed 6,940 km of highways until December 2019, as per a written reply to Lok Sabha in March 2020. The target for highway construction during 2019-20 (Apr-Mar) was set at 11,000 km and it had achieved the construction of 10,237 km during the period.

In April 2020, Union minister Nitin Gadkari had said that he has planned to set an ambitious target of 60 km per day highway construction for speedy recovery of the economy from the COVID-19 pandemic.

In case of NHAI, the organisation has been able to construct around 670 km length of national highways in the current financial year 2020-21 (Apr-Mar) until July. In the same period, it has also been able to award approximately 460 km length of national highways, sources told CNBC-TV18.

In 2019-20 (Apr-Jun), NHAI constructed 3,979 km of national highways. For the current financial year, NHAI has set a target to construct 4,500 km of national highways.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Mesoblast Plans Ryoncil Trial for Severe Transplant Complications
Mesoblast Plans Ryoncil Trial for Severe Transplant Complications
Nov 21, 2025
04:25 AM EST, 11/21/2025 (MT Newswires) -- Mesoblast (MESO) said late Thursday it will collaborate with the US National Institutes of Health-funded Blood and Marrow Transplant Clinical Trials Network on a trial of Ryoncil as part of first-line regimen in adults with severe acute graft versus host disease refractory to corticosteroids. The development comes amid a high rate of non-responsiveness...
Microsoft-Backed OpenAI Collaborates With Foxconn on Hardware Design, Manufacturing
Microsoft-Backed OpenAI Collaborates With Foxconn on Hardware Design, Manufacturing
Nov 21, 2025
04:25 AM EST, 11/21/2025 (MT Newswires) -- Microsoft ( MSFT ) -OpenAI has formed a collaboration with Foxconn for the design and manufacturing of next-generation AI infrastructure hardware, the companies said Thursday in a joint statement. Under the collaboration, OpenAI will assist Foxconn's hardware design and development efforts by sharing insights on emerging hardware needs across the AI industry. The...
Italian Regulator Closes Google Probe After Agreement on More Robust Consent
Italian Regulator Closes Google Probe After Agreement on More Robust Consent
Nov 21, 2025
04:12 AM EST, 11/21/2025 (MT Newswires) -- The Italian Competition Authority said Friday that it has closed its investigation into Alphabet (GOOG, GOOGL) subsidiary Google's ( GOOG ) linking of user activity across its services after receiving commitments by the company to provide user consent. The investigation, launched in July 2024, was closed after Google ( GOOG ) committed to...
Foxconn to Invest $1.4 Billion to Build Supercomputing Center in Taiwan
Foxconn to Invest $1.4 Billion to Build Supercomputing Center in Taiwan
Nov 21, 2025
04:02 AM EST, 11/21/2025 (MT Newswires) -- Foxconn unit Visionbay.ai said Friday it plans to build Taiwan's largest GPU cluster and deploy the island's first supercomputing center using Nvidia's ( NVDA ) new Blackwell GB300 chips. The company said the systems are expected to go online in H1 2026. ...
Copyright 2023-2025 - www.financetom.com All Rights Reserved