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Road construction may slow down in FY25 on lower project awards last fiscal: Rating agencies

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.

Road ministry confident of achieving 13,800-km highway target for FY24

Anurag Jain said that the government is targeting to award 10,000 km of national highway projects in 2023-24. He added that the government has asked companies to prepare detailed project reports (DPR) for unawarded identified projects to increase pace of awarding in 2023-24.

Budget @ 10 | Ambitious goals year after year, but road construction targets missed

Budget @10: Aviation ministry asks for 25-30% increase in FY25 budgetary outlay for RCS-UDAN scheme

Despite the aviation industry surpassing pre-COVID-19 levels, traffic under UDAN remains low. So, to speed up the launch of new routes and revive airports under UDAN, MoCA has sought a budgetary allocation of Rs 1,500 crore for 2024–25, the highest-ever allocation for the scheme.

Budget@1O | All eyes on aviation sector as industry on the cusp of a boom

While govt measures have seen more Indians flying, making the country the third-largest aviation market in the world, infrastructure woes continue to haunt. Abolition of the negative fiscal regime and provision of adequate infrastructure are the industry s two main demands.

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