New players take pole position in govt-funded highway projects
NEW DELHI: The roll-out of a large number of National Highway (NH) projects, fully funded by government in the past 6-7 years, has resulted in the emergence of several new players in this space while the traditionally known companies have taken a backseat. None of the earlier construction majors found mention in the top 10 companies that are bagging high-value NH projects, being bid out on government funding or EPC mode, shows a list of “provisionally qualified” companies put out by NHAI.
The NHAI has come out with a list of highway builders who have been “provisionally pre-qualified” for NH projects being implemented under three different modes – EPC, Hybrid Annuity Model (HAM) and Build-Operate-Transfer (BOT-toll). The pre-qualification of highway builders has been done based on the bidding documents submitted by these companies between October 2021 and March this year. This pre-qualification is linked to the government’s estimated project cost.
