NHAI Achieves Robust Growth in National Highway Construction During FY 2024-25

The National Highway Authority of India (NHAI) has achieved an all-time high capital expenditure of over Rs. 2,50,000 Crore (provisional) for the development of National Highway Infrastructure in the Financial Year 2024-25. This increase is attributed to both government budgetary support and NHAI’s own resources.

The overall capital expenditure increased by around 21% compared to the previous FY 2023-24 and by around 45% compared to the previous FY 2022-23. NHAI leveraged three modes for monetization during the financial year, monetizing assets for a total of Rs. 28,724 Crore, including its highest ever single round InvIT receipt worth Rs. 17,738 Crore.

The NHAI is committed to building world-class National Highway infrastructure that will contribute to the growth of the road sector and the Indian economy. The National Highways Authority of India (NHAI) has achieved significant growth in national highway construction during the fiscal year 2024-25, marking a substantial.

improvement in infrastructure development across the country. This progress aligns with the government’s commitment to enhancing connectivity, reducing travel time, and boosting economic growth NHAI successfully constructed an impressive length of highways, surpassing the targets set for the fiscal year.

• Enhanced Project Execution: The National With a streamlined approval process and increased private NHAI completed several landmark projects, including sector participation, several key projects were completed ahead of schedule The adoption of digital project monitoring and advanced construction techniques improved efficiency and ensured timely project completion.
• Financial Growth: Increased budget allocations and innovative funding mechanisms, such as asset monetization and hybrid annuity models, played a vital role in accelerating construction activities A crucial infrastructure project enhancing connectivity between two major Key corridors under the ambitious Bharatmala initiative saw significant progress economic hubs.
• Greenfield Expressways: Several new expressways were developed to decongest urban areas and promote regional development While NHAI faced challenges such as land Highways Authority acquisition delays, regulatory hurdles, and rising construction costs, proactive measures like fast-tracking clearances and introducing digital land acquisition processes helped mitigate these issues.

Future Outlook

With continued government focus on infrastructure, NHAI aims to further expand the national highway network, ensuring better road connectivity and economic of India during FY development across India. The upcoming years are expected to witness increased investments and further technological advancements in highway construction.

Key Achievements in FY 2024-25

• Increased Highway Construction: NHAI successfully completed an extensive network of highways, exceeding the annual targets set for the fiscal year The implementation of streamlined approval processes, enhanced private sector participation, and effective project management led to the timely completion of key infrastructure projects.
• Technology Integration: The use of digital project monitoring tools, advanced construction techniques, and automation in highway development enhanced efficiency and minimized project delays Increased budget allocations, asset monetization initiatives, and innovative funding mechanisms such as the Hybrid Annuity Model (HAM) and Toll-Operate- Transfer (TOT) have bolstered highway construction efforts.
• Delhi-Mumbai Expressway: A critical infrastructure initiative aimed at reducing travel time and boosting trade between two major economic centers. Significant progress was made on key corridors under the ambitious Bharatmala initiative, enhancing freight and passenger movement.

Challenges and Solutions

Despite facing challenges such as land acquisition delays, regulatory bottlenecks, and rising construction costs, NHAI implemented proactive measures to mitigate these issues. Digital land acquisition processes, fast-tracked environmental clearances, and increased coordination with state governments facilitated smooth project execution.

With a continued emphasis on infrastructure development, NHAI plans to expand the national highway network further, ensuring improved connectivity, reduced logistics costs, and enhanced economic activity. The next phase of development will focus on integrating smart road technologies.

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