'Only 13% road projects awarded during FY10'

“Against the target of awarding projects for a total length of about 9,800 km, projects have been awarded for a total length of about 1,285 km up to November 2009," according to the Economic Survey.

“Against the target of awarding projects for a total length of about 9,800 km under various phases of National Highways Development Project (NHDP) during 2009-10, projects have been awarded for a total length of about 1,285 km up to November 2009," according to the Economic Survey.

Attributing delays to reasons like introduction of new methods for approval of PPP (public-private-partnership) projects, it said the factors that affected the bankability of projects included "lenders' perception of high risk" and "lingering doubts of lenders on interpretation of many provisions of the new MCAs (model concession agreement)".

In addition, the bottlenecks identified for slow progress in road projects included delays in land acquisition and environment clearances.

According to ministry of road transport and highways, 131 projects have been delayed mainly due to problems associated with land acquisition, shifting of utilities, obtaining environment and forest clearance, approval for road over bridges, poor performance of some contractors, law and order, etc.

In 2009-10, against the target of developing about 3,165 km of highways under NHDP, the achievement up to
November 2009 has been that of about 1,490 km only.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › Economy › Infrastructure › 'Only 13% road projects awarded during FY10'
Text Size:AAA
Success
This article has been saved

*

+