The ratings agency said that the reduction in the concession period by five to seven years would bring down IECV
So far, a meagre 18% of the highway projects have been awarded
The contract involves rehabilitation and upgradation to 4-laning of Angul-Sambalpur section of NH-42 covering a length of 153 km
The travel time from New Delhi to Amritsar is likely to get reduced by about 2.5 hours
With its new hybrid annuity model, the government is confident of getting more funds from India Inc
Of the total estimated investment, Rs 11,700 cr alone would be spent on the construction of all weather roads connecting Chardham that includes four holy shrines of Hindus
It is strategically important to the movement of armed forces for their supplies
While some large players are cautious, experts say this model cannot be ignored for long, given NHAI's strong pipeline