The Centre also aims to continue increasing the allocation for capex in the upcoming year given that private investment is yet to rebound significantly.
The Motor Vehicle Aggregator Guidelines, 2025, mandate 80% fare to drivers. From fare caps to stricter driver checks, here’s how MVAG 2025 will reshape the ride-hailing game.
This development comes at a time when insurers have been reporting escalating loss ratios
Coal and roads outperform targets, while Railways lags with over 81 percent shortfall. NITI Aayog is revamping its approach for the second NMP (2025–30) with a Rs 10 lakh crore target.
The largest miss on FY25 capex is expected to be due to a spending slowdown in roads and highway projects, followed by housing and atomic energy.
MoRTH's PNC Infra order dated February 6, 2025 conveyed the reduction in the period of disqualification (debarment) from one year to four months from the date of original debarment order dated October 18, 2024, subject to NHAI procedures.
Of the total Rs 2.72 lakh crore, the National Highways Authority of India (NHAI) has been allocated around Rs 1.87 lakh crore as part of MoRTH’s capital expenditure plan for 2025-26, a 10 percent increase from 2024-25, when it was allocated Rs 1.68 lakh crore.
The Survey added that the construction of national highways has slowed down in 2024-25. Data shows that 5,853 km of national highway was constructed during April to December in FY25, while 6,215 km of NH was constructed in FY24 during the same period.
PNC Infratech and its two SPVs were disqualified by MoRTH and NHAI from participating in tendering process for a year in October. The decision was challenged by the company before the Division Bench of Delhi High Court in November through a Letters Patent Appeals.
Initially, the ministry had thought of issuing the guidelines itself, but now it wants states themselves to frame these SOPs, given the different topographies, say officials.
The escalated cost of Bharatmala has been a cause of concern, and the Union Finance Ministry told MoRTH in 2023 not to award any new project under the scheme till there is Cabinet approval on the revised cost of the project.
The ministry completed the construction of 12,349 km of national highways in 2023-24 after constructing 10,993 km of highways in FY23, according to officials from MoRTH.
The Economic Survey for 2023-24 tabled in Parliament on July 22 had also highlighted that government still struggles with on-boarding of digital land record which leads to land acquisition delays while constructing national highways.
The Economic Survey for 2023-24 tabled in Parliament on July 22 said that a total of 8,29,409 km of road length has been sanctioned under Pradhan Mantri Gram Sadak Yojana (PMGSY) out of which, 7,63,308 km of road length has been completed as on 18 th June 2024 at an expenditure of Rs 3.23 lakh crore.
Sitharaman also said that new airports, medical facilities and sports infrastructure projects will also be setup in Bihar.
The sector has reported robust growth over the last 10 years with the Bharatiya Janata Party-led government spending around Rs 10,37,616.39 crore between 2014 and 2024 to construct 54,858 km of national highways.
Economic Survey 2024: The average pace of national highway construction increased by 3 times from 11.7 km per day in 2013-14 to 34 km per day by 2023-24.
Along with long-term plans that may be in the pipeline for the sector, any move on price rationalisation on early BOT and TOT projects will be closely watched.
The revised BOT guidelines, which incorporate learnings from past failures and relatively flat book-to-bill ratio of large developers, are expected to lure developers into road projects
"Highway construction has fallen due to a slowdown in land clearance after the Model Code of Conduct kicked in and voting began from April 19," a senior government official said.
Road construction usually sees a drop in an election year as the execution of projects is delayed during the model code of conduct and project awarding is delayed in the financial year before the Lok Sabha elections.
The road ministry has been trying to launch "digital highways" in India since 2022 with around 1,367 kilometres on the Delhi-Mumbai Expressway and 512 km on the Hyderabad-Bengaluru corridor being identified as pilot routes for the digital highway development.
Won't comment on electoral bonds issue since it is subjudice in the Supreme Court, Gadkari said at the latest edition of ‘News18 Rising Bharat Summit’, which is being held in New Delhi on March 19 and 20.
As part of the new SOPs, the government has addressed issues like identifying the 'shear zone' of a project site before creating the Detailed Project Report (DPR) for a tunnel project. It also mandates the presence of certain safety equipment at the construction site.
The government had set a target of 13,000 km and 13,800 km of highway construction in FY2022-23 and FY2023-24, respectively, but the speed of construction was affected by unfavorable weather conditions and state elections in many states.