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Highway capex shifts to slow lane in FY25
Hindustan Times Bengaluru
|December 17, 2024
Spending to build and expand India's sprawling highway network has slowed sharply, with the Centre achieving only 55% of the capex target in FY25.
NEW DELHI: With just four months left for the fiscal year to end, it appears unlikely the target will be met even if spending is speeded up, two people aware of the development said.
The April-November period saw road sector capex at about ₹1.49 lakh crore, road ministry data showed, against a record ₹2.72 lakh crore allocated by the Union budget. The budget had allocated the sum to complete work on at least 13,000km of highways, including some stretches on access-controlled expressways. However, backlogs and delays in getting clearances, especially for land acquisition, slowed many greenfield and brownfield projects, one of the two people cited before said. Work is progressing only in projects that have missed deadlines, the person added.
Dit verhaal komt uit de December 17, 2024-editie van Hindustan Times Bengaluru.
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