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Road construction up 20% on year in FY24
April 10, 2024
|Financial Express Mumbai
₹2.64 trillion target for capex met
HIGHWAY CONSTRUCTION IN the just-concluded financial year (FY24) touched 12,349 km, clocking the second-best performance ever, but fell short of the 'aspirational target' of 13,814 km, a senior official said on Tuesday.
Though the target was missed, the highway building in 2023-24 was up 20% as compared to 2022-23. The previous peak was recorded in 202122 when 13,327 km of highways were built. Construction speed that year was aided by less traffic on roads due to Covid-related lockdowns.
Of the total construction in FY24, 9,642 km came through lane augmentation and 2,707 km through strengthening.
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