Bharatmala Projects

Dilip Buildcon announced that "Bangarupalem Gudipala Highways', wholly owned subsidiary of the Company has received the appointed date letter from the NHAI

With land acquisition still being a pain area, the ambitious Bharatmala Project is expected to be completed in FY28 after a six-year delay only if the current pace of execution is maintained

The projects announced by Union Minister Nitin Gadkari pertain to the construction, widening, and upgrade of national highways in Assam, Telangana, Karnataka, and Andhra Pradesh

The Union Ministry of Road Transport and Highways on Thursday approved inclusion of the ambitious Atal Progress-Way project of Madhya Pradesh in the Bharatmala Pariyojana (BMP) phase 1

A total of 322 projects in a length of 12,413 km have been awarded under Bharatmala Pariyojana till August, 2020

It has set a target of awarding 4,500 km of highway during current financial year, which it is likely to exceed

NHAI is currently implementing about 28,000 km under 'Bharatmala Pariyojna' Phase-1. Under this, Delhi-Mumbai Expressway is one of the flagship highways corridors

Senior officials told Business Standard the projects being offered under InvIT would mainly be ones constructed on government-funded or in engineering-procurement-construction mode

Depending on how quickly normalcy is restored, these plans could take off by end of FY2021. Therefore, 2020 is likely to be another year of muted awards

The NHAI has introduced 'harmonious exit' clause in the new concession pacts for the BOT projects

Total budgetary allocations to fund the ambitious new highway development programme is estimated at Rs 3,43,045 crore over FY2019-2022 - averaging around Rs 86,000 crore per annum.

Earlier, on October 30, the company informed the exchanges that NHAI has fixed October 24 as the appointment date for its wholly-owned subsidiary for construction of a highway under Bharatmala

The Minister said that the line of credit will be used to fund the ambitious Bharatmala project, the revised cost of which has reached Rs 8.41 trillion

25 NH road projects likely to face direct competition from new economic corridors