The central government intends to accelerate the construction of roads in FY24 by 16-21% to 12,000-12,500 km, with a healthy pipeline of projects and an increase in capital expenditure outlay, a report by ICRA said Thursday.
“The project pipeline remains strong at 55,000 km under various stages of execution. This, along with focus on project completions ahead of general elections, is expected to boost execution to 12,000- 12,500 km in FY24,” said Vinay Kumar G, Sector Head, Corporate Ratings, ICRA.
