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|3rd August 2015, 12:21||#1|
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Government announces new road plans for $ 93 billion
The Government of India has announced projects worth $ 93 billion for road building in India. This includes the National Highways Building Project (NHDP), a $ 45 billion flagship programme. 26,000 kms of National Highway projects are expected to be awarded to bidders.
The NHDP is a programme under which, the government plans to transform the existing national highways into world-class roads in different phases. It will see 20,000 kms of roads being built over the next 3 years with an investment of $ 45 billion.
Other projects include the Bharat Mala Project for $ 12 billion and 6,000 kms, a project for connecting 123 district headquarters for $ 15 billion, the construction of 350 bridges and railway over-bridges in two years for $ 8 billion, Char Dham connectivity for 2,500 kms for $ 8 billion and development of roads in the North-East and border areas for $ 5 billion.
The government is wooing bidders for the projects. It claims that investment opportunities include new models being rolled out both for greenfield and brownfield projects. This is among the largest government-led PPP development programmes in the world.
The government claims that it intends to award projects for construction of 10,000 kms this year alone. It is providing various fiscal incentives as well.
Source: Economic Times
Last edited by Aditya : 24th October 2017 at 14:25.
|24th October 2017, 14:21||#2|
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Re: Government announces new road plans for $ 93 billion
"As part of country's biggest highway development plan, government also approved the Phase 1 of Bharatmala project to develop and expand approximately 40,000 km of roads at an investment of Rs 3.5 lakh crore by 2022.
Umbrella highway development programme -- Bharatmala highway project -- will includes 44 economic corridors that will connect border areas, improve international, port and coastal connectivity besides highway corridors connecting key economic and commercial hubs.
The government also plans to improve the speed of traffic movement on key corridors by providing uniform four-lane roads.
Government's new plan could significantly increase the average distance a truck covers daily in India. According to estimates, due to poor roads, narrow width and congestion, a truck in India covers only an average distance of 250-300 km daily, while in developed countries trucks cover an average 700-800 km daily."
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