Targeting road construction of more than 10000kms this yr
Raghav Chandra, Chairman, NHAI
Jul 22, 2016 | Source: CNBC TV 18
NHAI has seen bidding complete for 50 projects, awarded 11 and has invited 15 bids this financial year, says NHAI Chairman Raghav Chandra, adding, NHAI has a construction target of more than 10,000 km of roads for FY17.
Along with State Bank of India, the NHAI has selected three projects for new fund infusion, said NHAI Chairman Raghav Chandra. "This is a step to revive construction works to make these projects operational.
Chandra said the consortiums involved are Supreme Infra in Maharashtra-Goa project, Madhucon Projects Ltd in Bihar and SEW in West Bengal. Biggest among the three, is Supreme Infra's Panvel-Indapur project, which will to receive Rs 540 crore from the government.
He also commented on recent news that China Railway Construction Corporation (CRCC) had expressed an interest in taking part in EPC and PPP projects, saying that such a move would ease liquidity crunch in infrastructure projects and said NHAI was open to tweaking rules to allow CRCC to come in.