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Roads
1IPP Monthly - Roads
2Roads
Initiatives in Light of Covid-19
MoRTH relaxes rules to allow wider participation of domestic companies in road projects
• The Ministry of Road Transport and Highways (MoRTH) has revised the eligibility criteria for road projects built on the engineering,
procurement and construction (EPC) mode to ensure wider participation from domestic companies.
• It has revised the average annual turnover of the bidder to 15% of the estimated project cost for the past five years. Earlier, the average
annual turnover was required to be 20% of the estimated project cost.
• Among other changes, the MoRTH has also relaxed the threshold technical capacity for normal highway projects, which will be 0.75 times the
estimated project cost in case of projects up to Rs 1 billion, while it will be equal to the estimated project cost in case of projects more than Rs
1 billion. For specialised projects, the threshold technical capacity has been revised to equal the estimated project cost or Rs 10 billion
whichever is lower, for projects more than Rs 10 billion.
• Further, no additional qualification will be required for bridges up to 60 metres long and tunnels up to 200 metres long, being built on the EPC
mode, besides the bidder having constructed one similar work of 20 per cent of the estimated project cost. The ministry has also brought
down the size of eligible projects for ascertaining technical experience from 10% to 5% of the project cost.
MoRTH eases norms for HAM projects
• MoRTH has eased norms for hybrid annuity model (HAM) projects. The government will now make the upfront construction payment
to a highway project concessionaire under HAM in 10 tranches as against 5, subject to the overall ceiling of 40% of the project cost.
• Increasing the frequency of the installments will help concessionaires better manage their working capital requirements. Besides, the
release of upfront payments during the construction period will be linked to the physical progress of the project.
• Besides, the annuity payment will be made on the reducing balance of completion cost at an interest rate equal to average of one-year
marginal cost of fund-based lending rate (MCLR) of top five scheduled commercial banks plus 1.25%.
3Roads
Initiatives in Light of Covid-19
NHAI set to make FY 2021 the best year of highway construction
• Reportedly, NHAI plans to award contracts worth Rs 2 trillion during the current fiscal year.
• As per NHAI, there is no dearth of money and the government has encouraged the authority to build roads with full vigour and make it the
best year of highway construction. Besides, NHAI will also be rating the best roads to enhance quality and speed of execution. NHAI has also
urged the authorities to advocate innovative land pooling methods to save land acquisition costs across the country by upto Rs 2 trillion.
Other Policy Developments
MoRTH issues notification for promotion of toll payment through FASTag
• MoRTH has issued a notification making FASTag mandatory to be available by January 1, 2021 in old vehicles as well, i.e., M and N category of
motor vehicles (four wheelers) sold before December 1, 2017, through amendments in Central Motor Vehicles Rules (CMVR), 1989.
• It has also been mandated that a valid FASTag is mandatory while getting a new 3rd Party Insurance through an amendment in FORM 51
(certificate of Insurance), wherein the details of FASTag ID shall be captured. This shall be applicable with effect from April 1, 2021.
Andhra Pradesh government considers levying toll tax on state roads
• Reportedly, Andhra Pradesh government is considering a plan to levy toll tax on state highways with high traffic density, in a bid to enhance
the state government’s revenue.
• The toll fee collected from the state highways will go to Andhra Pradesh Road Development Corporation (APRDC) to be used for maintenance
of highways. A decision to this effect is expected to be taken soon by the State Cabinet.
• In the first phase, toll will be collected at about 35 state highways, including the KadapaPulivendula, Eluru-Jangareddygudem and
Bhimavaram-Gudivada highways. If the pilot succeeds, toll fee collection would be done in the remaining 24 routes as well.
4Roads
Initiatives in Light of Covid-19
Key Announcements
National highway project awards double despite COVID-19 pandemic
• As per media reports, the pace of award of national highway projects has almost doubled during April-October 2020, compared to the past
year, despite the ongoing COVID-19 pandemic. Highway project awards for April-October 2020 have reached 5,679 km, compared to 2,982
km in the same period of last year.
• Besides, construction of highways has also improved from 210 km in April 2020 to 4,628 km by October 2020. This translates into average
construction of nearly 22 km/day during April-October 2020.
NHAI toll collections cross pre-COVID levels in November 2020
• Toll collection on national highways across the country surpassed pre-COVID levels in November 2020, signalling sharp signs of recovery in
road traffic.
• The toll collections in the first week of November have reached 114 per cent of pre-COVID levels in the month under review. On March 25,
2020, the central government had announced temporary suspension of toll collection in the wake of COVID-19 pandemic.
• NHAI as well as highway developers resumed collection at toll plazas in line with the Ministry of Home Affairs directives on April 20, 2020.
Traffic across national highways had dipped to as low as 25-30 per cent of pre-COVID levels during the first phase of the nationwide lockdown
in March 2020.
FASTag users cross 20 million count
• NHAI has announced that the number of FASTag users in the country has crossed the 20 million mark, registering a growth of 400 per cent in
a year.
• This has increased the total toll collection to Rs 920 million per day, a substantial increase from Rs 700 million per day, a year back. FASTag
contributes to nearly 75 per cent of the total toll collection as of now.
5Roads
Initiatives in Light of Covid-19
Key Announcements
NHAI to introduce prepaid touch-and-go cards to cut long queues
• With the aim to minimise cash transaction at toll plazas, NHAI will soon roll out a Delhi Metro type prepaid touch-and-go card for commuters.
Each card would cost around Rs 50 and can be used only on ‘hybrid’ lanes where payments are made by cash or through electronic means.
• NHAI’s toll management wing, Indian Highways Management Company Limited (IHMCL), has invited bids for rollout of this system. According
to the tender document, the successful bidder will set up at least two dedicated point-ofsales (PoS) manpower in three shifts for card
issuance, recharge, top-up facility and cash management at each national highway toll plaza for the initial three months.
• The pre-paid card system will be integrated with the toll management systems (TMS) to enable the toll operator to select vehicle class so that
the applicable toll fee can be deducted immediately from the prepaid card on tapping the PoS device.
6Roads
Key Recent Developments
Impact of COVID-19 on Competitive Intensity
• According to ICRA Ratings, expects the central government spend on infrastructure to be maintained given the positive multiplier affect it will
have on overall economy amid the COVID-19 pandemic. The state governments in particular are staring at a huge revenue deficit in current
financial year; and therefore, the headroom available to them for incurring capital expenditure has reduced substantially.
• The private sector capex and the interest in public private partnership (PPP) based infrastructure projects is also expected to be limited in
near term, due to increased risk averseness and limited capital availability.
• As a result, NHAI/MoRTH EPC projects are expected to witness heightened competition.
• As per a study conducted by ICRA covering 160 EPC projects awarded by NHAI during F2017-20 spread across 22 states spanning 6,260 km,
the average number of bidders per project for the EPC segment ranged between 4 to 10. These 160 projects were awarded to as high as 69
EPC players.
• Of total 160 projects, 69% were awarded at a discount to NHAI’s base price (median discount of 11.2 per cent), 3% were awarded at par to
base price and remaining 28% were awarded at a premium (median premium of 7.7%).
• The top 10 players bagged around 62 projects totaling 2,713 km which is 43% of total awards in length.
Grants/Allocations
• The Uttar Pradesh Expressway Industrial Development Authority (UPEIDA) Board has approved a proposal of Rs 221.45 billion for civil works
for the construction of the Ganga expressway project.
• In order to generate finances, the Board has proposed that avenues of the public-private-partnership (PPP) model should be explored. The
Board has suggested that investors should be identified as per the records of NHAI and then expression of interest (EOI) should be signed.
• The Himachal Pradesh government has approved funds worth Rs 1.96 billion for the Pathankot-Mandi road project.
• The project involves four-laning of 219 km long road stretch connecting Pathankot, Suini, Parour, Chauntada, Chauntra, Padhar and Mandi in
Himachal Pradesh.
• The Finance Committee of the Government of Uttar Pradesh has approved implementation of the Ghaziabad-Haridwar two-lane canal road
project.
• The project involves construction of 111 km two-lane canal road connecting Ghaziabad and Haridwar and is proposed on the right-side bank
of the upper Ganga canal originating from Haridwar in Uttar Pradesh at an estimated cost of Rs 6.28 billion.
7Roads
Key Recent Developments
Loans/Bonds
• The Asian Development Bank (ADB) and the central government have signed a $177 million loan to upgrade 450 km of state highways and
major district roads in Maharashtra.
• The project will improve connectivity between rural areas and urban centres in the state. Another feature of the project is to update the road
maintenance system by encouraging five-year performance-based maintenance obligations to contractors to sustain asset quality and service
levels.
• The project will upgrade two major district roads and 11 state highways, with combined length of 450 km, to two-lane standard across seven
districts of Maharashtra, and improve connectivity to national highways, interstate roads, seaports, airports, rail hubs, district headquarters,
industrial areas, enterprise clusters and agricultural areas.
• The World Bank has signed a $120 million project to improve and modernise the transport sector in Meghalaya. The $120 million loan from
the International Bank for Reconstruction and Development (IBRD) has a maturity of 14 years, including a grace period of six years.
• The Meghalaya Integrated Transport Project (MITP) will improve about 300 km of strategic road segments and stand-alone bridges by using
innovative, climate-resilient, and nature-based solutions.
• The segments will serve major agriculture areas, important tourist destinations, small-scale industries, major towns and underserved
populations by linking them to markets, health and education centres, besides national and international corridors.
• A consortium of public sector banks has sanctioned a fresh loan of Rs 2.50 billion for the Gorakhpur Link expressway project. The Bank of
Maharashtra has also joined the consortium and Punjab National bank and UCO Bank have already provided credit of Rs 7.5 billion and Rs 2.5
billion, respectively, for the project.
• So far, three public sector banks have provided Rs 12.5 billion for the project. Meanwhile, the Uttar Pradesh cabinet has already granted
approval for setting up the consortium of banks for funding the expressway project.
8Roads
Key Recent Developments
TOT/InvITs
• NHAI has received upfront consideration of Rs 50.11 billion from Cube Highways and Infrastructure, under the third bundle of the tolloperate-
transfer (TOT) model. The Singapore-based firm had delayed the payment to NHAI amid the uncertainties posed by COVID-19 outbreak.
• The TOT Bundle III, with a cumulative length of 566 km, consists of nine toll plazas in the state of Uttar Pradesh, Jharkhand, Bihar and Tamil
Nadu.
• Cube Highways had deferred paying up for the bundle as traffic density had started dwindling since March this year, when India went under a
nationwide lockdown to curb the spread of COVID-19. However, the company has not been penalised for delay in payment as the
government continues to implement relaxations announced in light of the pandemic.
• Reportedly, NHAI is set to come up with its Rs 50 billion Infrastructure Investment Trust (InvIT) by early-2021.
• NHAI’s InvIT, the first InvIT to be sponsored by any government entity in the country, will initially consist of the highway road assets under the
TOT Bundle II.
• Auction for the second TOT bundle, with 586 km of national highways in Rajasthan, Gujarat, West Bengal, and Bihar at a base price of Rs
53.62 billion, got cancelled last year after the bids offered were much below NHAI expectation.
• Reportedly, IL&FS Limited has finalised the InvIT structure for its road assets in order to resolve its debt of about Rs 150 billion.
• IL&FS has set up Roadstar Infra Private Limited (RIIPL), as a new subsidiary of IL&FS Transportation Networks India Limited (ITNL) to act as a
sponsor to the proposed InvIT. Besides, North Karnataka Expressway Limited (NKEL) has been appointed as the investment manager to the
proposed InvIT.
• As per the reports, ITNL has infused fresh capital of Rs 750 million in the sponsor entity post receipt of requisite approvals, in order to meet
the SEBI’s InvIT norm of Rs 1 billion net worth. In addition, NKEL will be transferred by ITNL to Roadstar Infra Private Limited.
• IL&FS has received in-principle approval from SEBI for registering the InvIT and is likely to approach SEBI shortly for seeking final registration
of the trust.
• IRB Infrastructure Trust, the private InvlT, has successfully closed the second tranche of fund raising by way of Rights Issue of Units amounting
to Rs 5.10 billion.
• IRB Infrastructure Developers Limited, being the sponsor and 51 per cent stakeholder, contributed Rs 2.6 billion and GIC affiliates, holding the
balance 49 per cent stake, have contributed Rs 2.5 billion.
• This is part of the total commitment of Rs 44 billion by GIC affiliates towards 49 per cent stake in the private InvIT housing nine BOT assets,
out of which IRB Infrastructure Trust had already received Rs 37.53 billion from GIC affiliates in February 2020.
9Roads
Key Recent Developments
Financial Closures
• Ashoka Kandi Ramsanpalle Road Private Limited, a wholly owned subsidiary of Ashoka Buildcon Limited, has achieved financial closure letter
dated October 23, 2020 from NHAI.
• The company received financial closure on October 5, 2020, for the project entailing four-laning of 39.98 km section of NH-161 from Kandi
(Design km 0) (km 498.25 of NH-65) to Ramsanpalle (Design km 39.98/existing km 44.76) in Telangana.
• The HAM project is being implemented under Bharatmala Pariyojna at a bid project cost of Rs 10 billion.
Asset Sales/Stake Dilution
• Reportedly, the Life Insurance Corporation of India (LIC) has raised its stake in IRB Infrastructure Developers Limited to 5.27 per cent in
quarter ended September 2020.
• LIC has been increasing its holding in the company for a long time. In the September quarter, LIC's stake in the company rose to 5.27 per cent,
from 3.81 per cent in the quarter ended June 2020.
• Sadbhav Infrastructure Project Limited has received approval from Ahmedabad Urban Development Authority (AUDA) for 100 per cent stake
sale in Ahmedabad Ring Road Infrastructure Limited (ARRIL), a wholly owned subsidiary of the company, to Indinfravit Trust and refinancing
of existing debts of ARRIL subject to fulfillment of certain conditions.
• The company had signed definitive agreements with lndinfravit on July 1, 2019 to sell 100 per cent stake in nine operational projects for an
enterprise value of Rs 66.1 billion (including equity value of Rs 25.5 billion).
• Reportedly, Welspun Enterprises Limited is in talks with a Canadian pension fund for investment in the company’s road project assets.
• The company has nine road projects, with a project cost of over Rs 120 billion. Of the nine road projects, seven are on the hybrid annuity
model (HAM).
10Roads
Key Recent Developments
Others
• NHAI has accepted arbitration award amounting to Rs 439.51 million in favour of Dhule Palesner Tollway Limited (DPTL), a subsidiary of
Sadbhav Infrastructure Project Limited, without any pendente-lite interest and interest on delayed payment. Sadbhav Infrastructure Project
Limited had earlier announced the winning of an arbitration award against NHAI through DPTL.
• DPTL had received appointed date on December 21, 2009 to augment the 89 km existing road from km 168.5 to km 265 on the Madhya
Pradesh/Maharashtra Border - Dhule section of NH-3 in Maharashtra by four-laning on DBFOT basis.
• The original concession period is 18 years from the appointed date. DPTL achieved first commercial operations date on January 23, 2012.
• IRB InvIT Fund has announced that IRB Surat Dahisar Tollway Limited has concluded its conciliation process with NHAI and accordingly, the
concession period for its project has been extended by 460 days.
• As a result, the concession period for the project will expire on May 25, 2022, as against the original transfer date of February 19, 2021.
11Roads
Key Upcoming Projects
Key Upcoming Projects
Cost Length Current
Project name State Detailed status
(Rs billion) (km) Status
The first phase between Nagpur-Shirdi will be commissioned
Mumbai-Nagpur by May 1, 2021. The second phase of 103 km between Shirdi
Under
Communication 553.35 701.00 Maharashtra and Igatpuri will be opened for traffic in December 2021 while
Construction
expressway the remaining 78 km between Igatpuri and Wadpe near
Mumbai will be commissioned on May 1, 2022.
As of September 2020, 26 packages have been awarded under
Delhi, Rajasthan,
the project. Besides, construction work has already
Delhi-Vadodara Haryana, Madhya Under
424.80 845.00 commenced on 13 packages. Recently, Dilip Buildcon Limited,
expressway Pradesh and Construction
in JV with Altis Holding Corporation, has been declared the
Gujarat
lowest (L-1) bidder for Package 15 of the project.
As of September 2020, seven packages have been awarded
Vadodara- under the project. Besides, construction work has already
Gujarat and Under
Mumbai 400.33 447.00 commenced on five packages. Most recently, IRB
Maharashtra Construction
expressway Infrastructure Developers Limited has received letter of award
(LoA) for construction of 27.5 km Gandeva-Ena section.
The Cabinet has approved a district-wise alignment of the
expressway. The government has also decided to monetise the
Ganga Agra-Lucknow expressway for funding the Ganga expressway
299.24 628.00 Uttar Pradesh Approved
expressway project and has decided to set up a high-power committee to
take procedural and operational decisions to monetise the
Agra-Lucknow expressway.
Delhi - Amritsar Delhi, Punjab and
Under Recently, NHAI invited bids for various packages under the
- Katra 309.36 600.00 Jammu &
Bidding project.
expressway Kashmir
Source: India Infrastructure Research
12Roads
Key Upcoming Projects
Key Upcoming Projects
Cost Capacity Current
Project name State Detailed status
(Rs billion) (km) Status
In September 2020, the Andhra Pradesh government gave
administrative sanction for Rs 1 billion to acquire land for the project.
Amaravati- The alignment of the proposed access-controlled expressway has been
384 km Andhra
Anantapur 276.25 Approved approved by the Land Acquisition Committee and the total cost of the
(approx.) Pradesh
expressway land acquisition has been estimated to be Rs 22.31 billion. The state
government will provide the land owned by it free of cost and bear
50% of the cost to be incurred for acquiring additional land.
Purvanchal Uttar Under UPEIDA is aiming to throw open the Purvanchal expressway to the
224.95 340.82
expressway Pradesh Construction public from January 26, 2021, ahead of the deadline of April 2021.
As of September 2020, about 16% construction work has been
Bundelkhand Uttar Under completed on the project. In August 2020, UPEIDA signed a loan
148.49 296.07
expressway Pradesh Construction agreement of Rs 59 billion with a consortium of six banks for timely
project execution.
Chennai- Karnataka,
Under
Bengaluru 207.99 272.00 Tamil Recently, bids have been invited for various under the project.
Bidding
expressway Nadu
Surat-
Gujarat,
Ahmednagar- The project is still in the announced stage. Construction work on the
205.53 300.00 Maharasht Announced
Solapur Surat-Ahmednagar highway is expected to commence by April 2021.
ra
highway
Mumbai
Maharasht Under The construction work on the 21.8 km Mumbai Trans Harbour Link
Trans 178.43 21.80
ra Construction (MTHL) project is expected to be completed by September 2022.
Harbour Link
Source: India Infrastructure Research
13Roads
Key Upcoming Projects
Key Upcoming Projects
Cost Capacity Current
Project name State Detailed status
(Rs billion) (km) Status
Amritsar- Punjab,
It is one of the greenfield expressways being constructed under the
Bhatinda- Haryana, Under
176.77 762.00 Bharatmala Pariyojana. Currently, the project is under construction
Jamnagar Rajasthan, Construction
and is expected to be completed by FY23.
highway Gujarat
Raipur- Chhattisgarh,
It is one of the greenfield expressways being constructed under the
Vishakhapatn Odisha,
163.43 464.00 Approved Bharatmala Pariyojana. As of June 2020, land acquisition is ongoing
am Andhra
on the project. The project is expected to be completed by FY24.
expressway Pradesh
Solapur- Maharashtra,
Currently, the project is in the announced stage and is expected to
Kurnool 104.30 279.00 Andhra Announced
be completed by FY2025.
highway Pradesh
Currently, the project is in the announced stage and bids are likely
Bengaluru
to be invited soon. On June 29, 2020, the Expert Appraisal
Satellite
144.04 281.00 Karnataka Announced Committee (EAC) of the Ministry of Environment, Forest and Climate
Town Ring
Change (MoEFCC) recommended grant of environment clearance
Road
(EC) for Phase III of the project.
Mumbai The construction work on Phase I of the Mumbai Coastal Road
Under
Coastal Road 140.00 29.20 Maharashtra project is expected to be completed by July 2023.
Construction
Project About 23% construction work has been completed on the project.
Source: India Infrastructure Research
14Roads
Key Upcoming Projects
Key Upcoming Projects
Cost Capacity Current
Project name State Detailed status
(Rs billion) (km) Status
• Bids have been invited for the Delhi and Uttar Pradesh portions
Delhi-
Delhi, Uttar of the Delhi-Saharanpur highway in two packages. Currently, the
Saharanpur- Under
123.09 169.00 Pradesh, same are under evaluation.
Dehradun bidding
Uttarakhand • Besides, bids have also been invited for various packages under
expressway
the Ganeshpur-Dehradun stretch.
Ambala-
Haryana, Under Currently, the project is under construction and is expected to be
Kotputli 113.75 227.00
Rajasthan Construction completed by FY23.
expressway
Versova- The project has been impacted by shortage of manpower amid the
Under
Bandra Sea 113.33 17.17 Maharashtra COVID-19 pandemic. Meanwhile, the construction work on the
Construction
Link project is expected to be completed by August 2025.
On March 5, 2020, the Government of Karnataka allocated funds
worth Rs 145 billion under the state budget 2020-21 for
Bengaluru
implementation of the project.
Peripheral Ring
200.00 68.50 Karnataka Announced The project will be jointly funded by a loan from the Japan
Road (PRR)
International Cooperation Agency (JICA) and the state government.
(Phase I)
Currently, the project is facing issues on account of opposition to
environmental damage. DPR for the project is yet to be finalised.
Source: India Infrastructure Research
15Roads
Key Upcoming Tenders
Key Upcoming Tenders
Implementing Cost (Rs Bid Issue Bid due
Scope of the project
agency billion) Date date
Appointment of EPC contractor for construction of four-lane greenfield Delhi-Katra
expressway from junction with Amritsar-Tanda road (NH-503A) near Sri Hargobindpur November January 28,
NHAI 11.35
to Junction with Pathankot-Gurdaspur road (NH-54) near Gurdaspur (km 362.42-km 27, 2020 2021
397.7) under Bharatmala Pariyojana in Punjab.
Appointment of EPC contractor for construction of four-lane greenfield Delhi-Katra
expressway from junction with Jalandhar-Kapurthala road (NH-703A) near Khojewal November January 28,
NHAI 14.37
village-junction with Amritsar-Tanda road (NH-503A) near Sri Hargobindpur (km 27, 2020 2021
319.4-362.42) under Bharatmala Pariyojana in Punjab.
Appointment of contractor for development of six-lane Chittoor-Thatchur highway
November January 12,
NHAI from km 0 to km 43.8 on HAM mode under Bharatmala Pariyojna in Andhra Pradesh 11.52
25, 2020 2021
and Tamil Nadu (Package-I).
Appointment of EPC contractor for construction of four-lane greenfield Delhi-
Amritsar-Katra expressway from Junction with Jalandhar-Moga road (NH-703) near
Kang Sahibu village to Junction with Jalandhar-Kapurthala road (NH-703A) near
November January 21,
NHAI Khojewal village (km 303.9 to km 319.4 of main expressway) and Junction with 12.31
18, 2020 2021
Jalandhar-Moga road (NH-703) near Kang Sahibu village to Junction with Kapurthala-
Sultanpur Lodhi road (NH-703A) near Isharwal village (km 0 to km 24 of Amritsar
connectivity) in Punjab under Bharatmala Pariyojana.
Appointment of EPC contractor for construction of four-lane greenfield Delhi-
Amritsar-Katra expressway from Junction with Ludhiana-Moga road (NH-5) near November January 21,
NHAI 14.04
Mullanpur Dakha to Junction with Jalandhar-Moga road (NH-703) near Kang Sahibu 17, 2020 2021
village (km 260.86 to km 303.9) under Bharatmala Pariyojana in Punjab.
Appointment of EPC contractor for construction of four-lane greenfield Delhi-
Amritsar-Katra expressway from Junction with Ludhiana-Malerkotla road (SH-11) near November January 21,
NHAI 11.29
Bhogiwal village to Junction with Ludhiana-Moga road (NH-5) near Mullanpur Dakha 17, 2020 2021
(km 225.77 to km 260.86) in Punjab under Bharatmala Pariyojana.
16Roads
Key Upcoming Tenders
Key Upcoming Tenders
Implementing Cost (Rs Bid Issue Bid due
Scope of the project
agency billion) Date date
Appointment of contractor for construction of four-lane expressway from km 26.4 to
November December
NHAI km 53.5 of Malur to Bangarpet section of Bangalore-Chennai expressway on hybrid 10.36
6, 2020 21, 2020
annuity model under Bharatmala Pariyojna in Karnataka (Phase-I Package-II).
Appointment of contractor for six-laning of Ramanattukara Junction - start of
Valanchery bypass section of NH-66 from design chainage 258.82 (existing km 27.84 of October December
NHAI 19.45
Kozhikode bypass) to design chainage 298.5 (existing km 304.25) in Kerala on hybrid 15, 2020 17, 2020
annuity model under Bharatmala Pariyojana.
Appointment of contractor for six-laning of Valanchery bypass - Kappirikkad section of
October December
NHAI NH- 66 (old NH-17) from design chainage km 298.5 (existing km 304.25) to design 17.06
14, 2020 17, 2020
chainage 335.85 (existing km 349.26) in Kerala on hybrid annuity model.
Appointment of contractor for construction of four-lane Delhi-Amritsar-Katra
greenfield expressway from Junction with Ambala-Kaithal-Hissar road (NH-152) to September January 7,
NHAI 11.00
Junction with Patiala-Samana Patran road (SH-10) (km 120.25 to km 157.92) on hybrid 29, 2020 2021
annuity model in Haryana.
Appointment of contractor for construction of four-lane Delhi-Amritsar-Katra
greenfield expressway from Jussur Kheri on KMP Expressway to Junction with Rohtak- September December
NHAI 10.53
Panipat road (NH-709) near Rukhi Paani village (km 0 to km 34) on hybrid annuity 29, 2020 21, 2020
model in Haryana. The project is being implemented under Bharatmala Pariyojana.
Appointment of EPC contractor for construction of eight-lane access-controlled
expressway starting from MP-Gujarat Border near Chhayan village and ending after June January 6,
NHAI 14.18
bridge over hadaf river near Hathiyavan village (chainage 696.92 to 729.76) section of 23,2020 2021
Delhi-Vadodara greenfield alignment (NH-148N).
Appointment of EPC contractor for construction of six-lane NH-344M (Package II) from December December
NHAI 11.21
Karala-Kanjhawala road (km 15) to Nangloi Najafgarh road (km 28.45) in Delhi. 26, 2019 15, 2020
Appointment of EPC contractor for construction of six-lane NH-344M (Package I) from December December
NHAI 15.52
NH-1 (km 0.7) to Karala-Kanjhawala Road (km 15) in Delhi. 26, 2019 15, 2020
17Roads
Key Upcoming Tenders
Key Upcoming Tenders
Implementing Cost (Rs Bid Issue Bid due
Scope of the project
agency billion) Date date
Appointment of contractor for four-laning of Puducherry-Poondiyankuppam section of
NH-45A from km 29 to km 67 (Design Chainage) on hybrid annuity model in Tamil December December
NHAI 10.45
Nadu and Puducherry. The project is being implemented under Bharatmala 26, 2019 16, 2020
Pariyojana.
Appointment of contractor for four-laning of Poondiankuppam to Sattanathapuram
section of NH-45A from km 67 to km 123.8 (Design Chainage) on hybrid annuity model December December
NHAI 17.77
in Tamil Nadu and Puducherry. The project is being implemented under Bharatmala 26, 2019 16, 2020
Pariyojana.
Appointment of EPC contractor for construction of about 2.64 km uni-directional
tunnel and its approach road from km 6.41 to km 12.85 including one viaduct, three May 28, January 11,
NHIDCL 12.41
viaducts cum bridge on Sudhmahadev-Daranga section of NH-244 in Jammu and 2020 2021
Kashmir (Package II).
Appointment of contractor for construction of about 5.45 km uni-directional tunnel
and its approach road from km 0 to km 6.41 including one viaduct cum bridge and one May 28, January 11,
NHIDCL 18.96
major junction at start of the project on Sudhmahadev-Daranga section of NH-244 in 2020 2021
Jammu and Kashmir (Package I).
18Roads
Awarded/Completed Projects
Awarded/Completed Projects
Length Cost (Rs
Project Status Contractors Details
(km) billion)
10 Highway projects in MoRTH has inaugurated 10 highway projects in
Completed 532.69 80.07 NA
Andhra Pradesh the state.
Thiruvananthapuram KNR
MoRTH has recently inaugurated the road
Bypass from Kazhakuttom Completed 26.50 11.21 Constructions
project in Kerala.
to Mukkola on NH-66 Limited
Ashoka Ranastalam Anadapuram Road
Ranastalam- Limitedhas received provisional completion
Ashoka Buildcon
Anandapuram highway Completed 47.00 NA certificate (PCC) for completion of 45.55 km of
Limited
project the 47 km Ranastalam-Anandapuram highway
project.
Uttar Pradesh
Guru Govind Singh Marg The central government has recently
Completed 1.65 1.24 State Bridge
flyover inaugurated the project in Uttar Pradesh.
Corporation
Dilip Buildcon
Package-15 of the Delhi- Limited and Altis The JV has been declared as the lowest bidder
Awarded 8.30 10.00
Vadodara expressway Holding for the project.
Corporation JV
Gagalheri-Saharanpur- Welspun Enterprises Limited has received
Welspun
Yamunanagar provisional commercial operation date (PCOD)
Completed NA 13.54 Enterprises
(UP/Haryana Border) with effect from October 31, 2020, for the
Limited
section of NH-73 project.
Source: India Infrastructure Research
19Roads
Awarded/Completed Projects
Awarded/Completed Projects
Length Cost (Rs
Project Status Contractors Details
(km) billion)
Bhandara-Khat-Ghotitok H.G. Infra H.G. Infra Engineering Limited has received
Junction section of NH- Completed 38.57 NA Engineering provisional completion certificate PCC for the
547E Limited project.
H.G. Infra H.G. Infra Engineering Limited has received
Nagpur-Katol-Warud
Completed 40.47 NA Engineering provisional completion certificate PCC for the
national highway
Limited project.
U-turn Flyover near 455- The project has been recently inaugurated in
Completed 0.52 NA
Shankar Chowk on NH-48 metre Gurugram, Haryana.
JV of Dilip The JV has received appointed date from NHAI
New Link NH-133B and
Awarded 21.69 19.00 Buildcon Limited with effect from November 1, 2020 for the
Manihari bypass
and HCC Limited project.
Repallewada to Repallewada Highways Private Limited has
Dilip Buildcon
Telangana/Maharashtra Awarded 52.64 11.41 executed concession agreement with NHAI for
Limited
border section of NH-363 the project.
Dodaballapur Bypass- Dodaballapur Hoskote Highways Private Limited
Dilip Buildcon
Hoskote section of NH- Awarded 38.00 12.78 has executed the concession agreement with
Limited
648 NHAI for the project.
Ashoka Kandi Ramsanpalle Road Private Limited
Kandi-Ramsanpalle Ashoka Buildcon
Awarded 39.98 10.00 has received October 5, 2020, as the appointed
section of NH-161 Limited
date for the project.
J. Kumar J.Kumar Infraprojects Limited has received the
Sewri-Worli elevated road
Awarded 4.50 10.52 Infraprojects letter of acceptance (LoA) from MMRDA for the
project
Limited project.
Source: India Infrastructure Research
20Roads
Awarded/Completed Projects
Awarded/Completed Projects
Length Cost (Rs
Project Status Contractors Details
(km) billion)
H.G. Infra Engineering Limited has received
Package 8 of Delhi-Vadodara H.G. Infra
Awarded 33.05 9.03 the appointed date as November 6, 2020
expressway project Engineering Limited
from NHAI for implementation of the project.
Amravati-Nandgaon-Morshi-
Warud-Pandhurna national H.G. Infra H.G. Infra Engineering Limited has received
Completed 43.00 2.43
highway from existing km Engineering Limited PCC for the project.
95.67 to km 52.44
Amravati-Nandgaon-Morshi-
Warud-Pandhurna national H.G. Infra H.G. Infra Engineering Limited has received
Completed 52.39 2.95
highway from existing km Engineering Limited PCC for the project.
52.44 to km 0
Shastri Park, Seelampur The Shastri Park, Seelampur flyover projects
Completed NA NA NA
flyover projects have been inaugurated in Delhi.
Sunway
Meensurutti to
Construction Group NHAI has issued LoA to the consortium for
Chidambaram section of Awarded 31.50 NA
Berhad and RNS the project.
NH-227
Infrastructure
Narenpur Purnia Highways Private Limited
Narenpur-Purnea highway Dilip Buildcon
Awarded 49.00 19.05 has executed concession agreement with
project Limited
NHAI on October 24, 2020.
IRB Infrastructure AE Tollway has been issued a completion
Agra-Etawah highway Completed NA NA
Developers Limited certificate (CE) by the Competent Authority.
Source: India Infrastructure Research
21Roads
Awarded/Completed Projects
Awarded/Completed Projects
Length Cost (Rs
Project Status Contractors Details
(km) billion)
Dhangaon-Boregaon section KCC Buildcon The project has been awarded to KCC
Awarded 58.00 NA
of NH-347BG Private Limited Buildcon.
After nearly 1.5 years after inauguration, the
transport corridor of the 47 km Ring Road
Ring Road transport corridor
Completed NA NA NA connecting Ajmer Road, Tonk Road and Agra
in Rajasthan
Road, has been made operational after
making temporary arrangements.
Ahmedabad-Dholera
Sadbhav Sadbhav Engineering Limited has received
Greenfield Alignment Awarded 22.00 6.90
Engineering Limited letter of award (LoA) from NHAI for two
(Package I)
packages of Ahmedabad-Dholera Greenfield
Ahmedabad-Dholera Alignment (GA) project, being implemented
Sadbhav
Greenfield Alignment Awarded 26.52 8.82 under Bharatmala Pariyojana.
Engineering Limited
(Package II)
Source: India Infrastructure Research
22Roads
Initiatives in Light of Covid-19
MoRTH relaxes rules to allow wider participation of domestic companies in road projects
• The Ministry of Road Transport and Highways (MoRTH) has revised the eligibility criteria for road projects built on the engineering,
procurement and construction (EPC) mode to ensure wider participation from domestic companies.
• It has revised the average annual turnover of the bidder to 15% of the estimated project cost for the past five years. Earlier, the average
annual turnover was required to be 20% of the estimated project cost.
• Among other changes, the MoRTH has also relaxed the threshold technical capacity for normal highway projects, which will be 0.75 times the
estimated project cost in case of projects up to Rs 1 billion, while it will be equal to the estimated project cost in case of projects more than Rs
1 billion. For specialised projects, the threshold technical capacity has been revised to equal the estimated project cost or Rs 10 billion
whichever is lower, for projects more than Rs 10 billion.
• Further, no additional qualification will be required for bridges up to 60 metres long and tunnels up to 200 metres long, being built on the EPC
mode, besides the bidder having constructed one similar work of 20 per cent of the estimated project cost. The ministry has also brought
down the size of eligible projects for ascertaining technical experience from 10% to 5% of the project cost.
MoRTH eases norms for HAM projects
• MoRTH has eased norms for hybrid annuity model (HAM) projects. The government will now make the upfront construction payment
to a highway project concessionaire under HAM in 10 tranches as against 5, subject to the overall ceiling of 40% of the project cost.
• Increasing the frequency of the installments will help concessionaires better manage their working capital requirements. Besides, the
release of upfront payments during the construction period will be linked to the physical progress of the project.
• Besides, the annuity payment will be made on the reducing balance of completion cost at an interest rate equal to average of one-year
marginal cost of fund-based lending rate (MCLR) of top five scheduled commercial banks plus 1.25%.
23Roads
Initiatives in Light of Covid-19
NHAI set to make FY 2021 the best year of highway construction
• Reportedly, NHAI plans to award contracts worth Rs 2 trillion during the current fiscal year.
• As per NHAI, there is no dearth of money and the government has encouraged the authority to build roads with full vigour and make it the
best year of highway construction. Besides, NHAI will also be rating the best roads to enhance quality and speed of execution. NHAI has also
urged the authorities to advocate innovative land pooling methods to save land acquisition costs across the country by upto Rs 2 trillion.
Other Policy Developments
MoRTH issues notification for promotion of toll payment through FASTag
• MoRTH has issued a notification making FASTag mandatory to be available by January 1, 2021 in old vehicles as well, i.e., M and N category of
motor vehicles (four wheelers) sold before December 1, 2017, through amendments in Central Motor Vehicles Rules (CMVR), 1989.
• It has also been mandated that a valid FASTag is mandatory while getting a new 3rd Party Insurance through an amendment in FORM 51
(certificate of Insurance), wherein the details of FASTag ID shall be captured. This shall be applicable with effect from April 1, 2021.
Andhra Pradesh government considers levying toll tax on state roads
• Reportedly, Andhra Pradesh government is considering a plan to levy toll tax on state highways with high traffic density, in a bid to enhance
the state government’s revenue.
• The toll fee collected from the state highways will go to Andhra Pradesh Road Development Corporation (APRDC) to be used for maintenance
of highways. A decision to this effect is expected to be taken soon by the State Cabinet.
• In the first phase, toll will be collected at about 35 state highways, including the KadapaPulivendula, Eluru-Jangareddygudem and
Bhimavaram-Gudivada highways. If the pilot succeeds, toll fee collection would be done in the remaining 24 routes as well.
24Roads
Initiatives in Light of Covid-19
Key Announcements
National highway project awards double despite COVID-19 pandemic
• As per media reports, the pace of award of national highway projects has almost doubled during April-October 2020, compared to the past
year, despite the ongoing COVID-19 pandemic. Highway project awards for April-October 2020 have reached 5,679 km, compared to 2,982
km in the same period of last year.
• Besides, construction of highways has also improved from 210 km in April 2020 to 4,628 km by October 2020. This translates into average
construction of nearly 22 km/day during April-October 2020.
NHAI toll collections cross pre-COVID levels in November 2020
• Toll collection on national highways across the country surpassed pre-COVID levels in November 2020, signalling sharp signs of recovery in
road traffic.
• The toll collections in the first week of November have reached 114 per cent of pre-COVID levels in the month under review. On March 25,
2020, the central government had announced temporary suspension of toll collection in the wake of COVID-19 pandemic.
• NHAI as well as highway developers resumed collection at toll plazas in line with the Ministry of Home Affairs directives on April 20, 2020.
Traffic across national highways had dipped to as low as 25-30 per cent of pre-COVID levels during the first phase of the nationwide lockdown
in March 2020.
FASTag users cross 20 million count
• NHAI has announced that the number of FASTag users in the country has crossed the 20 million mark, registering a growth of 400 per cent in
a year.
• This has increased the total toll collection to Rs 920 million per day, a substantial increase from Rs 700 million per day, a year back. FASTag
contributes to nearly 75 per cent of the total toll collection as of now.
25Roads
Initiatives in Light of Covid-19
Key Announcements
NHAI to introduce prepaid touch-and-go cards to cut long queues
• With the aim to minimise cash transaction at toll plazas, NHAI will soon roll out a Delhi Metro type prepaid touch-and-go card for commuters.
Each card would cost around Rs 50 and can be used only on ‘hybrid’ lanes where payments are made by cash or through electronic means.
• NHAI’s toll management wing, Indian Highways Management Company Limited (IHMCL), has invited bids for rollout of this system. According
to the tender document, the successful bidder will set up at least two dedicated point-ofsales (PoS) manpower in three shifts for card
issuance, recharge, top-up facility and cash management at each national highway toll plaza for the initial three months.
• The pre-paid card system will be integrated with the toll management systems (TMS) to enable the toll operator to select vehicle class so that
the applicable toll fee can be deducted immediately from the prepaid card on tapping the PoS device.
26Roads
Key Recent Developments
Impact of COVID-19 on Competitive Intensity
• According to ICRA Ratings, expects the central government spend on infrastructure to be maintained given the positive multiplier affect it will
have on overall economy amid the COVID-19 pandemic. The state governments in particular are staring at a huge revenue deficit in current
financial year; and therefore, the headroom available to them for incurring capital expenditure has reduced substantially.
• The private sector capex and the interest in public private partnership (PPP) based infrastructure projects is also expected to be limited in
near term, due to increased risk averseness and limited capital availability.
• As a result, NHAI/MoRTH EPC projects are expected to witness heightened competition.
• As per a study conducted by ICRA covering 160 EPC projects awarded by NHAI during F2017-20 spread across 22 states spanning 6,260 km,
the average number of bidders per project for the EPC segment ranged between 4 to 10. These 160 projects were awarded to as high as 69
EPC players.
• Of total 160 projects, 69% were awarded at a discount to NHAI’s base price (median discount of 11.2 per cent), 3% were awarded at par to
base price and remaining 28% were awarded at a premium (median premium of 7.7%).
• The top 10 players bagged around 62 projects totaling 2,713 km which is 43% of total awards in length.
Grants/Allocations
• The Uttar Pradesh Expressway Industrial Development Authority (UPEIDA) Board has approved a proposal of Rs 221.45 billion for civil works
for the construction of the Ganga expressway project.
• In order to generate finances, the Board has proposed that avenues of the public-private-partnership (PPP) model should be explored. The
Board has suggested that investors should be identified as per the records of NHAI and then expression of interest (EOI) should be signed.
• The Himachal Pradesh government has approved funds worth Rs 1.96 billion for the Pathankot-Mandi road project.
• The project involves four-laning of 219 km long road stretch connecting Pathankot, Suini, Parour, Chauntada, Chauntra, Padhar and Mandi in
Himachal Pradesh.
• The Finance Committee of the Government of Uttar Pradesh has approved implementation of the Ghaziabad-Haridwar two-lane canal road
project.
• The project involves construction of 111 km two-lane canal road connecting Ghaziabad and Haridwar and is proposed on the right-side bank
of the upper Ganga canal originating from Haridwar in Uttar Pradesh at an estimated cost of Rs 6.28 billion.
27Roads
Key Recent Developments
Loans/Bonds
• The Asian Development Bank (ADB) and the central government have signed a $177 million loan to upgrade 450 km of state highways and
major district roads in Maharashtra.
• The project will improve connectivity between rural areas and urban centres in the state. Another feature of the project is to update the road
maintenance system by encouraging five-year performance-based maintenance obligations to contractors to sustain asset quality and service
levels.
• The project will upgrade two major district roads and 11 state highways, with combined length of 450 km, to two-lane standard across seven
districts of Maharashtra, and improve connectivity to national highways, interstate roads, seaports, airports, rail hubs, district headquarters,
industrial areas, enterprise clusters and agricultural areas.
• The World Bank has signed a $120 million project to improve and modernise the transport sector in Meghalaya. The $120 million loan from
the International Bank for Reconstruction and Development (IBRD) has a maturity of 14 years, including a grace period of six years.
• The Meghalaya Integrated Transport Project (MITP) will improve about 300 km of strategic road segments and stand-alone bridges by using
innovative, climate-resilient, and nature-based solutions.
• The segments will serve major agriculture areas, important tourist destinations, small-scale industries, major towns and underserved
populations by linking them to markets, health and education centres, besides national and international corridors.
• A consortium of public sector banks has sanctioned a fresh loan of Rs 2.50 billion for the Gorakhpur Link expressway project. The Bank of
Maharashtra has also joined the consortium and Punjab National bank and UCO Bank have already provided credit of Rs 7.5 billion and Rs 2.5
billion, respectively, for the project.
• So far, three public sector banks have provided Rs 12.5 billion for the project. Meanwhile, the Uttar Pradesh cabinet has already granted
approval for setting up the consortium of banks for funding the expressway project.
28Roads
Key Recent Developments
TOT/InvITs
• NHAI has received upfront consideration of Rs 50.11 billion from Cube Highways and Infrastructure, under the third bundle of the tolloperate-
transfer (TOT) model. The Singapore-based firm had delayed the payment to NHAI amid the uncertainties posed by COVID-19 outbreak.
• The TOT Bundle III, with a cumulative length of 566 km, consists of nine toll plazas in the state of Uttar Pradesh, Jharkhand, Bihar and Tamil
Nadu.
• Cube Highways had deferred paying up for the bundle as traffic density had started dwindling since March this year, when India went under a
nationwide lockdown to curb the spread of COVID-19. However, the company has not been penalised for delay in payment as the
government continues to implement relaxations announced in light of the pandemic.
• Reportedly, NHAI is set to come up with its Rs 50 billion Infrastructure Investment Trust (InvIT) by early-2021.
• NHAI’s InvIT, the first InvIT to be sponsored by any government entity in the country, will initially consist of the highway road assets under the
TOT Bundle II.
• Auction for the second TOT bundle, with 586 km of national highways in Rajasthan, Gujarat, West Bengal, and Bihar at a base price of Rs
53.62 billion, got cancelled last year after the bids offered were much below NHAI expectation.
• Reportedly, IL&FS Limited has finalised the InvIT structure for its road assets in order to resolve its debt of about Rs 150 billion.
• IL&FS has set up Roadstar Infra Private Limited (RIIPL), as a new subsidiary of IL&FS Transportation Networks India Limited (ITNL) to act as a
sponsor to the proposed InvIT. Besides, North Karnataka Expressway Limited (NKEL) has been appointed as the investment manager to the
proposed InvIT.
• As per the reports, ITNL has infused fresh capital of Rs 750 million in the sponsor entity post receipt of requisite approvals, in order to meet
the SEBI’s InvIT norm of Rs 1 billion net worth. In addition, NKEL will be transferred by ITNL to Roadstar Infra Private Limited.
• IL&FS has received in-principle approval from SEBI for registering the InvIT and is likely to approach SEBI shortly for seeking final registration
of the trust.
• IRB Infrastructure Trust, the private InvlT, has successfully closed the second tranche of fund raising by way of Rights Issue of Units amounting
to Rs 5.10 billion.
• IRB Infrastructure Developers Limited, being the sponsor and 51 per cent stakeholder, contributed Rs 2.6 billion and GIC affiliates, holding the
balance 49 per cent stake, have contributed Rs 2.5 billion.
• This is part of the total commitment of Rs 44 billion by GIC affiliates towards 49 per cent stake in the private InvIT housing nine BOT assets,
out of which IRB Infrastructure Trust had already received Rs 37.53 billion from GIC affiliates in February 2020.
29Roads
Key Recent Developments
Financial Closures
• Ashoka Kandi Ramsanpalle Road Private Limited, a wholly owned subsidiary of Ashoka Buildcon Limited, has achieved financial closure letter
dated October 23, 2020 from NHAI.
• The company received financial closure on October 5, 2020, for the project entailing four-laning of 39.98 km section of NH-161 from Kandi
(Design km 0) (km 498.25 of NH-65) to Ramsanpalle (Design km 39.98/existing km 44.76) in Telangana.
• The HAM project is being implemented under Bharatmala Pariyojna at a bid project cost of Rs 10 billion.
Asset Sales/Stake Dilution
• Reportedly, the Life Insurance Corporation of India (LIC) has raised its stake in IRB Infrastructure Developers Limited to 5.27 per cent in
quarter ended September 2020.
• LIC has been increasing its holding in the company for a long time. In the September quarter, LIC's stake in the company rose to 5.27 per cent,
from 3.81 per cent in the quarter ended June 2020.
• Sadbhav Infrastructure Project Limited has received approval from Ahmedabad Urban Development Authority (AUDA) for 100 per cent stake
sale in Ahmedabad Ring Road Infrastructure Limited (ARRIL), a wholly owned subsidiary of the company, to Indinfravit Trust and refinancing
of existing debts of ARRIL subject to fulfillment of certain conditions.
• The company had signed definitive agreements with lndinfravit on July 1, 2019 to sell 100 per cent stake in nine operational projects for an
enterprise value of Rs 66.1 billion (including equity value of Rs 25.5 billion).
• Reportedly, Welspun Enterprises Limited is in talks with a Canadian pension fund for investment in the company’s road project assets.
• The company has nine road projects, with a project cost of over Rs 120 billion. Of the nine road projects, seven are on the hybrid annuity
model (HAM).
30Roads
Key Recent Developments
Others
• NHAI has accepted arbitration award amounting to Rs 439.51 million in favour of Dhule Palesner Tollway Limited (DPTL), a subsidiary of
Sadbhav Infrastructure Project Limited, without any pendente-lite interest and interest on delayed payment. Sadbhav Infrastructure Project
Limited had earlier announced the winning of an arbitration award against NHAI through DPTL.
• DPTL had received appointed date on December 21, 2009 to augment the 89 km existing road from km 168.5 to km 265 on the Madhya
Pradesh/Maharashtra Border - Dhule section of NH-3 in Maharashtra by four-laning on DBFOT basis.
• The original concession period is 18 years from the appointed date. DPTL achieved first commercial operations date on January 23, 2012.
• IRB InvIT Fund has announced that IRB Surat Dahisar Tollway Limited has concluded its conciliation process with NHAI and accordingly, the
concession period for its project has been extended by 460 days.
• As a result, the concession period for the project will expire on May 25, 2022, as against the original transfer date of February 19, 2021.
31Roads
Key Upcoming Projects
Key Upcoming Projects
Cost Length Current
Project name State Detailed status
(Rs billion) (km) Status
The first phase between Nagpur-Shirdi will be commissioned
Mumbai-Nagpur by May 1, 2021. The second phase of 103 km between Shirdi
Under
Communication 553.35 701.00 Maharashtra and Igatpuri will be opened for traffic in December 2021 while
Construction
expressway the remaining 78 km between Igatpuri and Wadpe near
Mumbai will be commissioned on May 1, 2022.
As of September 2020, 26 packages have been awarded under
Delhi, Rajasthan,
the project. Besides, construction work has already
Delhi-Vadodara Haryana, Madhya Under
424.80 845.00 commenced on 13 packages. Recently, Dilip Buildcon Limited,
expressway Pradesh and Construction
in JV with Altis Holding Corporation, has been declared the
Gujarat
lowest (L-1) bidder for Package 15 of the project.
As of September 2020, seven packages have been awarded
Vadodara- under the project. Besides, construction work has already
Gujarat and Under
Mumbai 400.33 447.00 commenced on five packages. Most recently, IRB
Maharashtra Construction
expressway Infrastructure Developers Limited has received letter of award
(LoA) for construction of 27.5 km Gandeva-Ena section.
The Cabinet has approved a district-wise alignment of the
expressway. The government has also decided to monetise the
Ganga Agra-Lucknow expressway for funding the Ganga expressway
299.24 628.00 Uttar Pradesh Approved
expressway project and has decided to set up a high-power committee to
take procedural and operational decisions to monetise the
Agra-Lucknow expressway.
Delhi - Amritsar Delhi, Punjab and
Under Recently, NHAI invited bids for various packages under the
- Katra 309.36 600.00 Jammu &
Bidding project.
expressway Kashmir
Source: India Infrastructure Research
32Roads
Key Upcoming Projects
Key Upcoming Projects
Cost Capacity Current
Project name State Detailed status
(Rs billion) (km) Status
In September 2020, the Andhra Pradesh government gave
administrative sanction for Rs 1 billion to acquire land for the project.
Amaravati- The alignment of the proposed access-controlled expressway has been
384 km Andhra
Anantapur 276.25 Approved approved by the Land Acquisition Committee and the total cost of the
(approx.) Pradesh
expressway land acquisition has been estimated to be Rs 22.31 billion. The state
government will provide the land owned by it free of cost and bear
50% of the cost to be incurred for acquiring additional land.
Purvanchal Uttar Under UPEIDA is aiming to throw open the Purvanchal expressway to the
224.95 340.82
expressway Pradesh Construction public from January 26, 2021, ahead of the deadline of April 2021.
As of September 2020, about 16% construction work has been
Bundelkhand Uttar Under completed on the project. In August 2020, UPEIDA signed a loan
148.49 296.07
expressway Pradesh Construction agreement of Rs 59 billion with a consortium of six banks for timely
project execution.
Chennai- Karnataka,
Under
Bengaluru 207.99 272.00 Tamil Recently, bids have been invited for various under the project.
Bidding
expressway Nadu
Surat-
Gujarat,
Ahmednagar- The project is still in the announced stage. Construction work on the
205.53 300.00 Maharasht Announced
Solapur Surat-Ahmednagar highway is expected to commence by April 2021.
ra
highway
Mumbai
Maharasht Under The construction work on the 21.8 km Mumbai Trans Harbour Link
Trans 178.43 21.80
ra Construction (MTHL) project is expected to be completed by September 2022.
Harbour Link
Source: India Infrastructure Research
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