Crisil Research has lowered its execution forecast in National Highways Authority of India (NHAI) projects for fiscal 2019 to 3,600 – 3,800 km from earlier anticipated 4,300 km.
80% land – needs to be acquired for lenders to start disbursements
800km – hybrid annuity model projects awaiting appointed dates
3,400 km – of HAM projects were awarded last fiscal
8.4km per day – execution last fiscal
180km – projects– have gone past the five-month window available for financial closure
9.9-10.4 km per day – execution likely this fiscal, less than 11.8 km per day estimated
*Appointed date is the de facto starting date of a project, when the NHAI hands over its contract letter to a developer or concessionaire.