India’s ambitious drive to expand its national highway network is expected to face a slowdown in the current fiscal year, according to a report released by CareEdge Ratings on Tuesday. The rating agency anticipates a decrease of 7-10 per cent in the construction pace, estimating it to be around 31 km per day due to escalated execution challenges.
This projection comes after a notable surge in construction during the previous fiscal year, FY24, where the pace reached a commendable 34 km per day, marking a substantial 20 per cent increase. However, despite this uptick, the current pace lags behind the levels achieved in FY21, attributed to persistent execution hurdles and a progressively competitive environment, the report stated.
