NHAI invites bids for a part of Vadodara-Mumbai expressway

The work field includes constructing an eight-lane access-controlled expressway from 69.800 km to 79.783 km (Bhoj to Morbe Section-SPUR of Vadodara-Mumbai Expressway) in Maharashtra hybrid annuity mode under Bharatmala Pariyojana (Phase-II Package-XVII). The project is worth Rs 1,693.93 crore.

Despite the challenges of the Covid-19 pandemic, NHAI has been working at a fast pace. In the previous fiscal, NHAI constructed a record 4,192 km, above from 3,979 km constructed in 2019-20, and 3,380 km in 2018-19.

Even after the lockdown restrictions decreased in the second half, NHAI did a great job managing traffic, construction and taking on higher projects.

As we have reported earlier, NHAI has set a target to build new highways with a combined length of 4,600 km in the current fiscal year, despite the pandemic still wreaking havoc on the nation and its economy.

The National Highways Authority of India (NHAI) has a vigorous stream of funds, including borrowings, budgetary outlays, and the funds realised through the toll-operate-transfer (TOT) route. NHAI believes that they could meet the target if they rely on EPC projects and HAM projects, though the current target appears high.

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Also read: NHAI plans to award Rs 2.25 lakh cr projects during FY21

Also read: Highway Construction: NHAI sets target for 4,600 km in FY22