Over the past five years, road building has picked up pace. How would government ensure the growth momentum continues despite the challenges posed by the coronavirus pandemic?
The government focus on developing a robust infrastructure has been paying dividends. In 2014, the highways sector was in a bad shape with construction falling to 4 km per day in the last quarter of the fiscal. Huge NPAs were staring at concessionaires, there was delay in land acquisition, and various statutory approvals had multiplied problems. However, after removing bottlenecks, fast-tracking decision making, and introducing innovative models like Hybrid Annuity Model, confidence of contactors and concessionaires has been boosted. The pace of construction has risen to 30 km per day.
The National Highways sector is not isolated from the challenges posed by the global coronavirus pandemic. Right now the big challenge is to ensure construction starts at the earliest. I have spoken to our stakeholders and they have made adequate arrangements to face this challenge. Workers at sites have been provided necessary health and hygiene protection and food. I am confident that within a short span of time we may be able to overcome this crisis.
There are apprehensions that government may shift its focus to health and disaster management in the short term, and the highway programme could suffer. Is that likely?
This story is from the May 17, 2020 edition of Business Today.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the May 17, 2020 edition of Business Today.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
"Inaction is worse than mistakes"
What was the problem you were grappling with?
TEEING OFF WITH TITANS
BUSINESS TODAY GOLF RESUMES ITS STORIED JOURNEY WITH THE 2024-25 SEASON OPENER IN DELHI-NCR. THERE ARE SIX MORE CITIES TO COME
AI FOOT FORWARD
THE WHO'S WHO OF THE AI WORLD GATHERED AT THE TAJ MAHAL PALACE IN MUMBAI TO DELIBERATE THE TRANSFORMATIVE IMPACT OF AI ON INNOVATION, INDUSTRIES, AND EVERYDAY LIFE.
Decolonising the Walls
ART START-UP MAAZI MERCHANT IS ON A MISSION TO BRING INDIA'S FORGOTTEN ART BACK HOME
"I'm bringing Kotak under one narrative, one strategy, one umbrella”
Ashok Vaswani is a global banker who spent most of his career overseas at institutions like Citi Group and Barclays, among others.
CHOOSING THE CHAMPIONS
The insights and methodology behind the BT-KPMG India's Best Banks and NBFCs Survey 2023-24.
'INDIA IS AT AN EXTREMELY SWEET SPOT'
The jury members of the BT-KPMG Survey of India's Best Banks and NBFCs discuss developments in the banking sector and more
FROM CRISIS TO TRIUMPH
Dinesh Kumar Khara stewarded SBI through multiple challenges during his tenure, while ensuring that profits tripled, productivity soared, and the bank consolidated its global standing
AT A CROSSROADS
BANKS ARE FACING CHALLENGES ON BOTH SIDES OF THE BALANCE SHEET-ASSETS AS WELL AS LIABILITIES-WHICH ARE PUTTING PRESSURE ON MARGINS.
EXPANSIVE VISION
Bajaj Finance, an outlier in terms of digitisation, faces stiff competition. But it continues to expand its reach