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ICRA Predicts MoRTH Road Project Slowdown in FY27, Toll Growth at 6-8%
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MoRTH Road Execution to Moderate, Toll Growth at 6-8%: ICRA Report
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News18
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25-02-2026, 14:00
MoRTH Road Execution to Moderate, Toll Growth at 6-8%: ICRA Report
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MoRTH road construction projected to moderate to 9,000-9,500 km in FY2026-27 due to sustained slowdown in project awarding.
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Toll growth is forecasted at 6-8% for FY2026-27, with healthy collections expected in FY2025-26 (7-9% growth).
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Inflation-linked toll rate for FY2026-27 likely to increase by approximately 3.3% for newer projects and 2.5-3.0% for older projects.
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ICRA projects MoRTH's road awards at 7,250-7,750 km for FY2025-26, similar to FY2024-25 but lower than previous years.
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Competition in NHAI/MoRTH projects remains stiff, with significant bidding discounts observed for both EPC and HAM projects.
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