The Ministry of Road Transport and Highways (MoRTH) has its focus on adopting a corridor-based approach to highway development, emphasising consistent standards, user convenience, and logistics efficiency.
Utilising GSTN and toll data, MoRTH has identified a 50,000 km high-speed highway corridor network crucial to achieve India's target of becoming a USD 30 trillion economy by 2047. By FY25, MoRTH aims to operationalise 4,827 km of high-speed corridors, with 4,693 km already completed by December 2024. Major projects like the Delhi-Mumbai, Delhi-Dehradun, and Bengaluru-Chennai expressways are slated for completion this year, transforming connectivity.
In FY25, the government plans to construct 10,400 km of national highways, with National Highways Authority of India (NHAI) targeting 5,000 km.
Despite a slightly reduced construction performance of 4,900 km in the first eight months of FY25, toll collections are surging, expected to exceed Rs 70,000 crore in 2024. NHAI's asset monetization strategies—TOT, Infrastructure Trusts (InVIT), and SPVs, yielded Rs 40,000 crore in FY24.
The government aims to award 12,900 km of highway projects in FY25, a 50 percent increase over FY24, bolstered by the National Infrastructure Pipeline and enhanced Union Budget capital expenditure.