India’s pace of constructing national highways may be dented by up to 1,250 kilometres in 2024-25 and slow down to 31 kilometres per day, owing to execution challenges for the construction sector, rating agency CareEdge said on Tuesday.
“National Highways construction pace is expected to slow down from 12,350 kilometres in FY24 to 11,100-11,500 kilometres in FY25. The rising competitive landscape, escalating execution challenges, increasing project complexities, rising participation of moderate sponsors, and elongation in receipt of appointed date from award are key challenges faced by the roads sector,” the rating agency said in its report.
