Indian Logistics Info

Logistics Industry News

Indian Logistics Directory
Search
Home » Logistics Industry News » Roadways » Govt to Invest Rs 4.5 tn in 10,000 km Greenfield Expressway Projects
 
To List or Submit your listings related to Logistics Directory - Click Here
 
Amazon - Hot New Releases
Amazon - Today Deals
Amazon - Best Sellers
 

Roadways Industry News

Govt to Invest Rs 4.5 tn in 10,000 km Greenfield Expressway Projects

Wednesday 5th Jul 2023    225
Govt to Invest Rs 4.5 tn in 10,000 km Greenfield Expressway Projects
 

The Union Minister announced that the government plans to build several greenfield highway projects totaling 10,000 km across the country. He mentioned that the minister of roads, transport and highways stated that the cost of these projects is estimated at Rs 4.5 trillion. He further explained that these road networks are set up as part of the Bharatmala Pariyojana.

Speaking at an event on 'Management Development Program on Infrastructure Financing', organised by IIM Kozhikode, the minister stated: "The government has conceptualised the Bharatmala Pariyojna, which aims to develop 65,000 km of highways across the country. The first phase of this project consists of a road network of 34,800 km. In addition, we are currently building 10,000km of greenfield motorways, with an expected cost of Rs 4.5 trillion."

The minister also mentioned that the National Highways Authority of India (NHAI) has generated more than Rs 700 billion through various funding models. These funds will be used for the construction of motorway projects.

According to the minister, India's total National Highway (NH) network has expanded from 91,000 km in 2014 to almost 1.45 lakh km at present. Gadkari further added that the government has significantly boosted the economy through PM Gati Shakti's national infrastructure pipeline and national master plan.

These programs are aimed at achieving comprehensive and integrated development across the country, while also reducing costs and time. By connecting remote areas, these new infrastructure projects will play a crucial role in achieving this goal. The minister stated: "Asset monetisation is an important aspect of infrastructure investment. NHAI has a 27% share of the national monetization pipeline. We are actively seeking different models of monetization for national highway assets, such as Toll-Operate-Transfer (ToT), Infrastructure Investment Trusts (InVIT) and project-based financing. "

 
 
 
To List or Submit your listings related to Logistics Directory - Click Here
 
 
 
Indian Logistics Info :: Facebook Indian Logistics Info :: Twitter Instagram Indian Logistics Info :: LinkedIn
© 2007 - IndianLogisticsInfo.com. All Rights Reserved
hit counter
Home  |  Overview  |  Advertise  |  Link to us  |  About us  |  Contact us  |  Sitemap  |  Privacy Statement