Tuesday, February 11, 2025

Bengaluru Transforms 25 Intersections with Fountains, Lighting, and Green Spaces

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Bengaluru Transforms 25 Intersections with Fountains, Lighting, and Green Spaces
As of December 2024, over half of the 374 road projects awarded by the National Highways Authority, with a total construction cost of Rs 1 trillion, have faced delays of more than six months. Notably, the percentage of projects experiencing significant time overruns has escalated from 33% in June 2023 to 55% by the end of 2024, reflecting a deterioration in project execution timelines. The majority of these projects are being implemented under the Hybrid Annuity Model (HAM), which constitutes 55% of all national highway development initiatives. These contracts were awarded between 2015 and 2024.
Original source:
https://www.constructionworld.in/policy-updates-and-economic-news/bengaluru-revamps-25-junctions-with-fountains-lights-and-greenery/68870

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