In line with Murkute, tendering normally slows within the first half of the yr as a result of Union Price range cycle and approval delays. Nevertheless, this yr’s exercise was additionally impacted by revised bidding norms launched by the Ministry of Street Transport and Highways (MoRTH). These adjustments, aimed toward guaranteeing stronger gamers dominate the area and curbing aggressive bidding, restricted the variety of eligible members.
“We count on tendering to collect tempo within the second half, following the standard 30:70 cut up between H1 and H2. With greater than 125 tasks already recognized, awarding exercise needs to be sturdy within the coming months,” she mentioned.
On the introduction of Extra Efficiency Safety (APS), Murkute famous that whereas it would discourage non-serious bidders, it won’t considerably have an effect on well-capitalised gamers with sturdy stability sheets.
Building progress could also be down 7–10% vis-a-vis final yr
Execution, nevertheless, continues to face bottlenecks. Delays in approvals, land acquisition points, and a low pipeline from earlier years are anticipated to reasonable building progress by 7–10% in comparison with final yr. Regardless of this, toll highway site visitors is projected to develop by 7–9% in FY26, pushed by logistics demand, greater coal mining volumes, and powerful freight motion.
Murkute additionally addressed the impression of the brand new annual FASTag go. Passenger vehicle-heavy corridors might even see a short-term impression, however she harassed that toll operators shall be compensated beneath change-in-law provisions. Importantly, FASTag has improved transparency and attracted extra world buyers into the freeway sector via InvITs and direct portfolio acquisitions.
“FASTag has really emerged as an enabler somewhat than a dampener. It has boosted transparency and investor confidence within the sector,” she mentioned.
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