Highway construction: NHAI sets ambitious target of 4,600 km for FY22

Despite the pandemic still ravaging the nation and its economy, the National Highways Authority of India (NHAI) has set an ambitious target to build new highways with a combined length of 4,600 km in the current fiscal year. Last fiscal, NHAI constructed a record 4,192 km of highways, up from 3,979 km developed in 2019-20 and 3,380 km in 2018-19.

Though the target for the current year appears to be a tall order, the NHAI believes that it could meet it with reliance on EPC projects and HAM projects. The authority has a robust stream of funds including budgetary outlays, borrowings, and the funds being realised through the toll-operate-transfer (TOT) route.