Govt constructs 12,349 Kms of Highways in FY24, Second Highest in history

Record highway construction: Ministry of Ro Transport and Highways (MoRTH) has marked a significant feat by constructing 12,349 kilometres of national highways during fiscal year 2023-24. This accomplishment, although slightly below record-breaking figures of previous year, highlights government's stefast dedication to bolstering infrastructure and connectivity across nation.

MoRTH's completion of 12,349 kilometres of national highways exemplifies government's relentless pursuit of infrastructure expansion. Despite challenges, including pandemic, this notable milestone reflects sustained progress in vancing India's ro network.

ministry's construction figures demonstrate a consistent upward trajectory, affirming government's unwavering commitment to infrastructure development. This upward trend signals positive momentum in dressing infrastructure needs and fostering economic growth.

MoRTH's proactive approach is evident in awarding 8,581 national highway projects during fiscal year. se awards signify government's proactive stance in vancing ro infrastructure, which is crucial for bolstering connectivity and driving economic prosperity.

Major Infra Projects

In a recent analysis of India's infrastructure, Ministry of Statistics and Programme Implementation (MoSPI) has unveiled insights into country's development trajectory. According to MoSPI infrastructure tracker, major infra projects growth up by 168 per cent between FY14 to FY24.

In a recent analysis of India's infrastructure, Ministry of Statistics and Programme Implementation (MoSPI) has unveiled insights into country's development trajectory. analysis revealed that ros, railways, petroleum, coal, and power sectors collectively accounted for over 90 per cent of total major infrastructure pro 

data revealed a staggering 168 per cent increase in major infrastructure projects (valued above Rs 1.5 billion ) between FY14 and FY24, showcasing an accelerated pace of development compared to preceding dece. Over this period, original cost of major projects tracked by MoSPI has skyrocketed from Rs 8 trillion to Rs 27 trillion, signifying an impressive 240 per cent surge. 

Ros Taking Center Stage

Anor trend observed was significant shift towards ro infrastructure. While railways dominated in FY14, ros have now emerged as dominant sector, commanding 58 per cent of 1,902 major projects tracked by MoSPI in FY24. analysis revealed that ros, railways, petroleum, coal, and power sectors collectively accounted for over 90 per cent of total major infrastructure projects. Despite ir prevalence, ro projects emerged as most cost-effective, with an average original cost of Rs 7.7 billion, while urban development projects proved to be most expensive. 

Navigating Cost Overruns

While ro projects demonstrated commendable efficiency with minimal average cost overruns of 3 per cent, power and railway projects faced more significant challenges, experiencing cost overruns of 20 per cent and 52 per cent respectively. se insights underscore importance of efficient project management and resource allocation in mitigating cost escalations. Government Focus and Implications government's unwavering focus on ro and railway infrastructure aligns with India's ambitions to position itself as a cost-competitive manufacturing hub. With increased capital expenditure allocations to se sectors, coupled with prudent fiscal measures, India aims to fortify its infrastructure backbone to support sustained economic growth and development.