India's road construction pace to grow 5-8% YoY to 12,500-13,000 km, driven by project pipeline, govt capital outlay, and ministry focus on completion.
India's road construction pace is projected to grow by 5-8% year-on-year to 12,500-13,000 km, driven by a healthy project pipeline, increased government capital outlay, and a focus on project completion by the Ministry of Road Transport and Highways. The Ministry's project award pipeline is currently over 45,000 km. The EPC model remains the primary mode of project funding, accounting for 70-75% of awards, followed by the BOT-HAM model.
April 16, 2024
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