National Highways Authority of India: Still a work in progress: how the NHAI is leaving behind the grungy lanes of fund crunch and project delays

The Jammu-Srinagar national highway wears an abandoned look during peak winter, 2017.

Synopsis

After a roller-coaster ride in the last decade, the National Highways Authority of India has reinvented itself over the past four years by raising funds independently and addressing the construction industry’s woes.

In 2006, when the infrastructure boom was at its peak, the Haryana Urban Development Authority rolled out a plan to construct an eight-lane, 18.5km long Northern Peripheral Road, widely known as the Dwarka Expressway. But even before the project could take shape, real-estate companies rushed in to build residences on either side of the proposed road, expecting a windfall.Four years later, in 2010, a detailed project report was drawn and tenders

  • GIFT ARTICLE
  • FONT SIZE
  • SAVE
  • COMMENT

Sign in to read the full article

You’ve got this Prime Story as a Free Gift

Already a Member?

Why ?

  • Sharp Insight-rich, Indepth stories across 20+ sectors

  • Access the exclusive Economic Times stories, Editorial and Expert opinion

  • Clean experience with
    Minimal Ads

  • Comment & Engage with ET Prime community

  • Exclusive invites to Virtual Events with Industry Leaders

  • A trusted team of Journalists & Analysts who can best filter signal from noise



Source link

more recommended stories