The project cost under the Bharatmala Pariyojana (BMP) programme has more than doubled to Rs 10.64 trillion owing to the steep rise in input costs and an increase in land acquisition costs, rating agency ICRA said on Monday.
Bharatmala Pariyojana is the largest highway infrastructure programme in India which aims at the development of 34,800 kilometres of national highway corridors at an investment of Rs 5.35 trillion.
“Pending the cabinet approval for the revised cost of Bharatmala Phase-l, project awarding activity in the recent quarters took a beating, declining by 48 per cent YoY to 2,595 km during 7mFY2024 compared to 5,007 km during 7mFY2023,” it said.
