A growing set of Indian road projects under the hybrid annuity model is facing execution delays, largely linked to model complexity and a slow right-of-way acquisition process. However, Crisil finds lenders are still protected because concession agreements provide strong safeguards, keeping credit profiles stable even as timelines slip. The key friction point remains getting land access cleared.
Shivraj Singh Chouhan is set to launch Batch-II under PMGSY-IV, promising faster connectivity across Jammu and Kashmir. The plan includes 330 new road projects spanning 1,600 kilometres and costing Rs 3,550 crore. Officials say the roads will benefit 363 habitations, aiming to strengthen rural access and spur local development in the region.
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