Standard Post with Image

6 Highway Projects worth INR.9,200 Crores in 2015-16: Revival in Indian Highway Sector

News

In 2015-16, one BOT (Toll) project has been awarded and bids received and are under process for five. The length of these 6 projects is around 665 km and estimated cost is Rs 9,200 crore.In sharp contrast, barely Rs 6,300 crore projects could be awarded in 2014-15; while the number of projects awarded was only two in 2013-14. 

Source: ET

SNP Insights:

Highway sector is experiencing its growth phase due to the new reforms taken by GoI in the recent past. This is evident in the performance of highway sector  who was one among the largest spender in the first two months of current financial year. The highways sector's performance is expected to be officially reviewed by Modi on July 2. This revival trend is expected to gain momentum with time and may fetch good results in GoI's plan to award INR.3,00,000 Crore higway projects within 6 months under various modes. 

Source: SNP Infra Research