New Delhi, Feb. 13 -- The execution of road construction by the ministry of road transport and highways (MoRTH) will decline by 5% in fiscal year 2026 (FY26) to 9,500-10,000km from the estimated road construction of 10,000-10,500km in FY25, ratings agency Icra said in a report.

The lower execution is on account of lower awarding by the ministry in the past two years, FY24 and FY25 (estimated), the report said.

The awarding during first nine months of FY25 was subdued at 3,100km, which is flattish on a year-on-year basis but significantly lower than the 5,835km project awarded during the same period in FY23.

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According to Icra, the ...