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'Govt saved 12% on costs in Dwarka Expressway project'

Mint Mumbai

|

August 17, 2023

CAG found that the elevated carriageway plan raised construction cost to ₹251 cr per km from ₹18.2 cr

'Govt saved 12% on costs in Dwarka Expressway project'

The Union government saved about 12% in the construction cost of the country's first eight-lane, four-level Dwarka Expressway project from the initial estimates, and the findings of the official auditor CAG that the project cost was exorbitant and much higher than established cost structure is misplaced, an official in the ministry of road transport and highways said on Wednesday.

The official, speaking on condition of anonymity, said that all four packages of Dwarka Expressway were put for tender at an average civil cost of ₹206.39 crore per km but the contracts were finally awarded at a lower rate of ₹181.94 crore per km, thereby making a saving from the initial estimates.

FLERE HISTORIER FRA Mint Mumbai

Mint Mumbai

Bank-funded acquisitions won't displace private credit

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Air India lobbies to use airspace over China's Xinjiang

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Exide's dual bet: Can lithium-ion offset a weakening core?

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time to read

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Mint Mumbai

Bank-funded acquisitions won’t displace private credit

The Reserve Bank of India's (RBI) draft framework for bank-led acquisition finance marks a decisive policy turn: Indian banks can now enter the acquisition finance market within a clear perimeter, reshaping the competitive dynamics between banks and private credit funds.

time to read

3 mins

November 20, 2025

Mint Mumbai

Afghanistan trade minister seeks India investments, goods

Afghanistan's Taliban trade minister arrived in India on Wednesday on a maiden visit to draw greater investments and goods as both countries consider ways to enhance their relations in the backdrop of souring relations with neighboring Pakistan.

time to read

1 min

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Mint Mumbai

Mint Mumbai

Fractal Analytics bets heavily on R&D in AI race before IPO

Enterprise artificial intelligence firm Fractal Analytics plans to maintain high research and development (R&D) spending ahead of its market debut for which a date has not yet been set, a top executive has said.

time to read

2 mins

November 20, 2025

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