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INR 1.3 Trillion Highway Projects to be Awarded within 5 Years by NHIDCL

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NHIDCL, a government company mandated to fast-track road projects in tough terrain, including border areas, is set to award projects worth Rs 1.3 lakh crore over the next five years.NHIDCL has set a target to award projects worth Rs 1,30,000 crore, including 10,000 km of highways and 2,000 bridges. 

Source: ET

SNP Insights

NHIDCL, which is entitled to fast-track road projects in tough terrain offers huge opportunities for construction companies in the comming five years by awarding INR.1.3 trillion worth Highway Projects. These projects requires the companies to have technological expertise to carry out such projects in difficult terrain including border areas. New reforms in the highway sector along with such opportunities may rejuvinate drying private participation in highway sector and also results in a well connected road infrastructure across India.

Source: SNP Infra Research