NHAI projects may fall short of target: Report

Mumbai: Despite the pace of highways projects undertaken by state-run National Highways Authority of India (NHAI) picking up in the past three years, it is likely to remain short by 33-37 per cent of its FY19 target of completing 6,000 km, says Icra. With a strong unexecuted pipeline and concerted efforts on right of way, the NHAI is on a strong footing and is set to witness sustained growth in execution in FY2019, the highest ever over the last one decade (FY2010- FY2019), the agency said in a statement issued on Monday. As on March 31, 2018, NHAI has around 15,000 km of portion, which included projects awarded over the past five years, under completion. "The majority of the NHAI awarded projects in the past three years are on track as far as completion deadline is concerned and have not encountered any land acquisition challenges. The execution has also increased at a CAGR of 27% to 3,017 km in FY2018 from 1,500 km in FY2015," it said. PTI