DESPITE A SLOWING of pace caused by monsoon and landslides in hilly states, the government will achieve the 13,800-km highway construction target for the current financial year, minister for road transport and highways Nitin Gadkari said.
In an exclusive interview with FE, the minister said while the National Highway Authority of India (NHAI) and other implementing agencies are now "well-capitalised," asset monetisation would be resorted to as and when needed.
"This year the monsoon season started a bit early which impacted work during May-July period. However, by August-end our average construction per day should pick up pace," Gadkari said.
The construction target for the current year is 33% higher than 10,331 km achieved in 2022-23. In the April-June quarter of the financial year, 2,250 km of highways were built with an investment of ₹99,273 crore.
By the end of this financial year, the general election process would start which would impact the pace of award of new projects. Keeping this in mind, the ministry has aimed to spend 91% of its ₹2.58 trillion capital expenditure outlay by December-end.
"The award for construction is an ongoing process and it will be done in a timely manner. There are difficulties but we will be able to achieve the target," Gadkari said.
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