New Delhi, Feb. 7 -- The pace of National highway construction in India is expected to decline by approximately 7-10 per cent in FY25, with construction slowing from 12,350 km in FY24 to an estimated 11,100-11,500 km in FY25, translating to a rate of nearly 31 kilometre per day, according to CareEdge Ratings.

The slowdown is attributed to execution challenges, intensifying competition, and significant delays in the receipt of appointed dates after project awards.

Maulesh Desai, Director, CareEdge Ratings, said, "Among the under-construction projects, totalling Rs 1.83 lakh crore, 55 per cent with an aggregate BPC of Rs 1 lakh crore are delayed by more than six months."

He added, "It is owing to escalating execution challenges, heighten...