India Investment, Stocks, Credit Card and Retail Forum
Investments in Indian Equity and Research => Indian Economy, Macro, RBI Policies => Topic started by: chetan on January 11, 2011, 11:37:19 AM
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NHAI has awarded 4800kms of projects till December 2010. It expects award activity to pick up in Q4FY11E and expects to award projects totaling to ~2700-3100kms in Q4FY11E, taking the total projects awarded to ~7500kms -7900kms in FY11E. NHAI intends to award 9000kms in FY12E and FY13E each. Of the 9000kms expected to be awarded in FY12E, it intends to award ~3000kms in Q1FY12E.
As per the revised plan of NHAI, ~70% of projects will be awarded on a Toll basis, ~20% will be on Annuity basis and 10% will be on EPC basis.
In states like Kerala, West Bengal and Goa, land acquisition remains a problem. States like Rajasthan, Gujarat, Maharashtra, Tamil Nadu are fairly supportive in the land acquisition process. Bihar and Jharkhand are also progressing better than expected. Land acquisition costs are increasing sharply. NHAI has set up 122 dedicated special land acquisition units for the new stretches of land to be acquired.