{"id":623822,"date":"2023-12-22T09:59:30","date_gmt":"2023-12-22T04:29:30","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=623822"},"modified":"2023-12-22T11:01:20","modified_gmt":"2023-12-22T05:31:20","slug":"road-awards-by-morth-to-decline-by-40-43-on-year-to-7000-7500-km-in-fy2024-says-icra-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/road-awards-by-morth-to-decline-by-40-43-on-year-to-7000-7500-km-in-fy2024-says-icra-2\/","title":{"rendered":"Road awards by MoRTH to decline by 40-43% on-year to 7,000-7,500 km in FY2024, says ICRA"},"content":{"rendered":"<p>ICRA has revised its forecast of road awards by the Ministry of Road Transport and Highways (MoRTH) in FY2024 to 7,000-7,500 km, a year-on-year decline of 40-43 per cent, (from its earlier estimate of 9,000-9,500 km). In 7M FY2024, ICRA said, road awards stood at 2,595 km, 48 per cent lower than 5,007 km awarded in 7M FY2023.<\/p>\n<p>However, it added, if the model code of conduct for the General Elections comes into effect in Q4 FY2024, the awarding activity is likely to get further curtailed, as the month of March itself typically accounts for 40-45 per cent of awards in a year. Nonetheless, ICRA stated that road execution has remained strong and is likely to increase by 16-21 per cent on a YoY basis to 12,000-12,500<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ICRA has revised its forecast of road awards by the Ministry of Road Transport and Highways (MoRTH) in FY2024 to 7,000-7,500 km, a year-on-year decline of 40-43 per cent, (from its earlier estimate of 9,000-9,500 km). In 7M FY2024, ICRA said, road awards stood at 2,595 km, 48 per cent lower than 5,007 km awarded in 7M FY2023. However, it added, if the model code of conduct for the General Elections comes into effect in Q4 FY2024, the awarding activity is likely to get further curtailed, as the month of March itself typically accounts for 40-45 per cent of awards [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,197,138],"tags":[],"class_list":["post-623822","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-roads-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/623822","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=623822"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/623822\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=623822"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=623822"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=623822"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}