Aim to achieve 8000 kms of award target for FY18: NHAI

With the macros for India in terms of IIP data, softening of inflation looking up, it is time to get an update on ordering activity, high construction etc.

Deepak Kumar, Chairman, NHAI said the award target for FY18 stands at 8000 kms and they hope to achieve that.

So far more than 4000 kms of awards have been achieved and expect to finalise majority of the Bharatmala orders by March-end.

More than 10,000 kms have been tendered in FY18 so far.

The tender for next set of toll-operate-transfer (ToT) Projects will be in April and it will be done in 3 Tranches in FY19, said Kumar, adding that “We hope to gain USD 3 billion through this ToT project."

The decision of IPO will be taken by the road ministry, said Kumar.