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Highway Construction May Contract First Time In Six Years. What It Means For Road Builders
The pace of building national highways in India is on track to fall for the first time in six years.
18 Mar 2020, 01:00 PM IST ![NDTV Profit](/icons/feather-without-circle.svg)
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![Traffic moves along National Highway as road construction takes place in Bangalore, India. (Photographer: Namas Bhojani/Bloomberg)](https://media.assettype.com/bloombergquint%2F2017-05%2F7e898fbe-eed2-4922-b208-12d092e0d1fd%2Fm1054511.jpg?rect=0%2C0%2C3000%2C1688&auto=format%2Ccompress&w=200)
Traffic moves along National Highway as road construction takes place in Bangalore, India. (Photographer: Namas Bhojani/Bloomberg)
The pace of building national highways in India may fall for the first time in six years in the ongoing fiscal because of a liquidity crunch, stricter lending norms and subdued awarding.Nearly 10,000-10,200 km of highways may be constructed in 2019-20, according to projections by the rating agencies ICRA and CARE Ratings. That’s a decline of about 6-8 percent over the previous year and nearly 90 percent of the Ministry of Road Transp...
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