[sleepyhead148]

Quoting our Finance Minister on the Bharatmala Project

Now for bharat mala: It has been approved for 35,000 km - costs 5.35 lakh cr. NHAI will organize the orad assets in SPV, and put InvITs and Toll operate transfer to fund it.

[SJM1214]

Bharatmala project hit by delays, shortage of funds.

The first phase under the project has an estimated investment outlay of Rs 5.35 lakh crore according to the investment plan approved by the Cabinet Committee on Economic Affairs (CCEA), spanning a period of five years.

Prime Minister Narendra Modi’s ambitious Rs 5.35 lakh crore Bharatmala Pariyojana, an umbrella project launched in 2017 and hailed as India’s biggest highways development plan, is beset by delays at multiple implementation stages amid funding shortages, according to a central government report reviewing its progress until September.

According to the report, a copy of which has been reviewed by Hindustan Times, project implementation under the programme could also be set back by delays in land acquisition, detailed project report (DPR) preparation, the bidding process, appointment of concessionaires and physical construction.

News Source.

[SJM1214]

Bharatmala 2.0 to focus on expressways, add 4000 km greenfield roads.

Govt targets building 4000 km greenfield roads and 3000 km expressways under Bharatmala 2.0 programme.

Higher speed limit notified for cars, at a maximum of 120 kmph on expressways.

NHAI has asked consultants to avoid road alignments through national parks and wildlife sanctuaries

News Source.