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Road project execution in India to pick up - Icra

Infra News - Published on Thu, 27 Dec 2018

Image Source: The Financial Express
Financial Express reported that even as the upcoming general elections in 2019 are expected to affect the length of road projects awarded by the government, construction of projects already awarded is expected to gather pace. According to research and ratings agency Icra, a strong pipeline yet to be executed and a concerted effort on securing right of way put the National Highways Authority of India on a strong footing. “We expect to witness sustained growth in execution in 2019,” Icra said in a statement.

Icra said that while project-awarding activity usually picks up substantially during the fourth quarter, considering the general elections in 2019, new award activity is likely to get affected in the final quarter this fiscal as well as in the first quarter next year.

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Posted By : Joykumar Irom on Thu, 27 Dec 2018
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