With just four months left for the fiscal year to end, it appears unlikely the target will be met even if spending is speeded up, two people aware of the development said.
The April-November period saw road sector capex at about ₹1.49 lakh crore, road ministry data showed, against a record ₹2.72 lakh crore allocated by the Union budget. The budget had allocated the sum to complete work on at least 13,000km of highways, including some stretches on access-controlled expressways.
However, backlogs and delays in getting clearances, especially for land acquisition, slowed many greenfield and brownfield projects, one of the two people cited before said. Work is progressing only in projects that have missed deadlines, the person added.
"The pace of construction has been slower than planned. While there were a variety of unique factors this year (for example, the model code of conduct before the Lok Sabha election) that led to this, given that most new national highways are greenfield alignments, construction will continue to be lumpy for such projects," said Srishti Ahuja, investment banking partner (infrastructure), EY India.
Denne historien er fra December 17, 2024-utgaven av Hindustan Times Thane.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra December 17, 2024-utgaven av Hindustan Times Thane.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
2 brothers kill cab driver over minor injury to mother
Accused entered victim's home hours after argument and stabbed him multiple times with a chopper
BIKER DIES AFTER BEING HIT BY UNIDENTIFIED VEHICLE ON SCLR
A 42-year-old biker was killed on Sunday morning when he was hit by an unidentified vehicle while travelling on the Santacruz-Chembur Link Road (SCLR).
Parker Solar Probe aims to fly closer to sun than ever before
A Nasa spacecraft aims to fly closer to the sun than any object sent before.
Trump threatens to retake control of Panama Canal
Trump said he would not let the canal fall into the 'wrong hands', warning of potential Chinese influence
In-form India hold all the aces vs West Indies
India will be eager to exploit their recent form and a historical advantage to subdue West Indies in the three-match women's ODI series, beginning here with the first contest on Sunday.
Rahi trigger happy again after neuro-muscular memory loss
A harrowing spell of neuropathic pain behind her, the pistol ace finds her way back into competition
Crowd pleaser Pant needs to rediscover himself again
The enforcer at No.5 is yet to get going and the visitors will hope he has the same impact Head has had with the Aussies
ANMOLPREET SMASHES FASTEST LIST A HUNDRED BY AN INDIAN
Anmolpreet Singh smashed the quickest List A hundred by an Indian, a 35-ball effort, to guide Punjab to an easy nine-wicket win over Arunachal Pradesh in a Group C Vijay Hazare match here on Saturday.
Villa heap pain on slumping Man City
\"No matter how many games we are going to win, I think we are not ready to compete for the title.\" That was Enzo Maresca after Chelsea beat Brentford 2-1 and moved to second in the Premier League, two points behind Liverpool who have a game in hand.
Ashwin and Jadeja: A pair broken up after 12 seasons
It seemed odd to hear Ravindra Jadeja talk about R Ashwin in the past tense.
