The Minister said, ‘keep your confidence 100%’ mentioning the various steps taken by his ministry in order to speed up the road infrastructure projects.

Union Minister for Road Transport and Highways (MoRTH) Nitin Gadkari, has planned an investment worth Rs 7 trillion for the projects related to infrastructure to be spent over the next 2-3 years. He has urged the investors to come forward and invest eagerly in the infrastructure sector, which offers a great parameter of investment opportunities covering multiple resources including highways, wayside amenities, multimodal logistics parks, warehousing zones, ropeways, and more.

Addressing the National Conference on Investment Opportunities in Highway, Transport, and Logistics, in Mumbai on Friday, Union Minister Nitin Gadkari ensured the investors that the internal rate in the road sector is fairly high and there is no need to worry about the returns on the investments in infrastructure projects or them getting stalled.

Gadkari also mentioned that the reasons behind the earlier projects getting stalled were the land possession issues, thus the ministry has decided that no project will be given the permission until 90% of the land accession and environment clearance is completed. The Minister said, ‘keep your confidence 100%’ mentioning the various steps taken by his ministry in order to speed up the road infrastructure projects.

RTH Ministry

Union Minister for Road Transport and Highways (MoRTH) Nitin Gadkari, has planned an investment worth Rs 7 trillion for the projects related to infrastructure to be spent over the next 2-3 years.

The highest capital cost of the total investment planned for infrastructure has been given to the 34,800 km highways which is around Rs 10 trillion, followed by an investment plan of Rs 50,000 crore for the multimodal logistics parks across the country. In its presentation for the projects, the ministry also mentioned that around Rs 6 trillion would be invested by FY24, in the highways segment. These roads and multimodal in infrastructure projects under the Bharatmala programme are expected to reduce the current logistics costs from 14 percent to 9 percent and expand the manufacturing and exports to help the economy in these sectors grow. 

This bharatmala project is the umbrella flagship programme for the national highway development, which has been planned to focus on the betterment of the cargo and passenger movement along with the development of the other infrastructure projects that are associated with the same. Gadkari also pointed out the benefits of the Vehicle Scrapping Policy of the government. “This will reduce pollution, improve tax revenues, help the growth of automobile sector, boost exports and also create jobs. It is a win-win situation, in which investors on a high scale can come in,” he said.

Alka Upadhyaya, the Chairperson of NHAI, informed that NHAI is on the verge of developing multiple facilities and associated infrastructure, with the Prime Minister’s vision for promoting the united infrastructure under PM Gati Shakti National Plan.

“The new thrust is on development of allied highway initiatives like multi modal logistics parks, last-mile connectivity through ropeway projects, fibre cables and other infrastructure along National Highways.” said Alka Upadhyaya. She also mentioned that almost 8,400 state-of-the-art greenfield expressways are being built as part of Bharatmala Pariyojana and these corridors will completely change the face of National Highways infrastructure and also elevate the economy to a 5 trillion-dollar economy.

Nitin Gadkari Meeting

“The new thrust is on development of allied highway initiatives like multi modal logistics parks, last-mile connectivity through ropeway projects, fibre cables and other infrastructure along National Highways.” 

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