Road construction to increase by 16-21 per cent in 2023-24

As per ICRA, the centre intends to accelerate the construction of roads in 2023-24 by 16-21 per cent to 12,000-12,500 km, with a healthy pipeline of projects and an increase in capital expenditure outlay. The project pipeline remains strong at 55,000 km under various stages of execution. This, along with focus on project completions ahead of general elections, is expected to boost execution to 12,000-12,500 km in 2023-24.