NHAI awarded highest length of projects during April-August FY21

NHAI ensured that no payments are delayed due to the closure of office and disbursed Rs 10,000 crore during the lockdown in March 2020 using digital platforms to ensure cash flow to the contractors.

NHAI awarded highest length of projects during April-August FY21
NHAI awarded highest length of projects during April-August FY21

NHAI awarded highest length of projects during April-August FY21

The National Highways Authority of India (NHAI) has awarded 26 projects of 744 km length as compared to 676 km in FY 2019-20, 368 km in FY-2018-19 and 504 km in FY 2017-18, from April to August 2020. Notably, NHAI has set a target of awarding 4500 km of highway work for the current FY and is likely to exceed the same. NHAI ensured that no payments are delayed due to the closure of office and disbursed Rs 10,000 crore during the lockdown in March 2020 using digital platforms to ensure cash flow to the contractors.

According to the official statement in the first quarter of the current fiscal year, NHAI disbursed more than Rs 15,000 crore to the vendors. Additionally, steps like monthly payments to the contractors were taken. Moderations like these saw encouraging participation from the bidders which resulted in a spiraling effect on the growth of the road sector. The statement added that with the increase in awards and expanding highway construction, NHAI has got a good beginning for a year marred by the global outbreak of the pandemic.