Highway growth typically picks up pace in the second half of the year, with increased infrastructure spending and weather conditions favouring construction.
Construction of national highways reached its highest in February, when the Centre developed 42.03 kilometres of highways per day, according to Ministry of Road Transport and Highways' (MoRTH) data. However, this number was over 7 per cent lower than the same period last year, when 1361 km were constructed.
So far, the Centre has constructed 8064 kms of highways this fiscal. This figure comes as the fiscal year nears its end, with MoRTH needing approximately 4,000 kms of development to meet its FY23 target, which is widely understood as unrealistic.
The Centre’s FY23 construction levels are a fraction higher than the previous fiscal, which happened through sizable leaps in the months of November, December, and January (see chart). Since November,
First Published: Mar 15 2023 | 09:25 AM IST