India Highway Projects

Dip in October has severely dented prospects of road ministry meeting its target of constructing 12,000-14,000 km of highways in 2022-23

The ministry had constructed 10,237 kms in 2019-20, 13,327 kms in 2020-21, and 10,457 kms in 2021-22

Its InvITs have a combined value of $3.8 billion and cover 33 assets in 22 states

In a written reply to the Rajya Sabha, the Road Transport and Highways Minister said that time for the completion of a project is generally kept two-three years from the date of the award

The Minister said the NHAI has resumed 95 per cent of work on war-footing now with permission to start construction activities while adhering to guidelines.

The project comprises components like sustainable development and maintenance of National Highways, Institutional Capacity Enhancement, Road Safety and Research and Development.

Toll fee collection from the highway projects developed under the hybrid annuity model is the responsibility of the government/authority.

Singh said that amid talks of slowing global economy, highways sector has the potential to revive growth citing how the US survived economic depression

The Minister said that the line of credit will be used to fund the ambitious Bharatmala project, the revised cost of which has reached Rs 8.41 trillion

The present government has doubled that length to 180,000 km

Appoints Crisil, Deloitte and Mazars to conduct due diligence of nine stretches that would be tendered this month

India to invest Rs 25,000 cr in highway linking projects for International trade