Execution of road projects likely to be in range of 9,000-9,200 km this fiscal: Icra

Mumbai: Execution of road projects this fiscal could be in the range of 9,000-9,200 km, almost 10 per cent lower than FY2020, due to COVID-19 related lockdowns and restrictions, according to rating firm Icra. Last fiscal, nearly 10,237 km of road projects were completed, the rating agency said in a report.

Icra noted that typically the fourth quarter (January-March) is the key working season for road contractors. However, a good part of March 2020 was lost on account of lockdown and restricted movement of goods and personnel in the run up to the lockdown.