Ministry of Road Transport & Highways of Govt of India on 09-November, 2015
National Highways Authority of India (NHAI) has released National Highways Construction Cost Index (NHCCI) up to September 2015. This has been compiled based on information received from the source agencies viz. concessionaire / contractors. The index has been uploaded on NHAI website http://www.nhai.org. Issues relating to choice of base period, selection of item basket, derivation of weighting diagram, collection of data, method of calculation of NHCCI and comparison with WPI have been uploaded on NHAI website as “Methodology for NHCCI”.
The indices are released experimentally for inviting comments from users / experts / stakeholders on replacing WPI with NHCCI in escalation clauses of highways construction cost. Figures are provisional subject to revision with availability of further additional information and have no legal sanctity attached as yet. However, it is a step towards finalization of indices after receiving the feedback / comments.