The Road Transport and Highway Ministry of India has stated its plans to take over the state highways which have a high density of traffic from the state government for 25 years. Subsequently, the state highways will be turned into highways with 4 or 6 lanes. Also, the toll tax will be collected from the converted highways by the central government.
All this planning was stated by Nitin Gadkari, who is the Union Minister of Road Transport and Highways of India, in the virtual meeting at the 12th International Convention of ANMI (Association of National Exchanges Members of India), which was held in Mumbai. He also added that after a duration of 12-13 years, the land acquisition costs will be completely recovered along with investments and interests from the state highways. He called for cooperation in infrastructure investment and recommended that investments in the nation’s infrastructure be free of danger and produce good returns.
To support the infrastructure growth of the nation, the financial markets of India need to follow a new and innovative approach.
To support the infrastructure growth of the nation, the financial markets of India need to follow a new and innovative approach. The PPP model is inviting investments. The minister also noted that if we direct our expenditures toward waste management, green hydrogen, solar, and other such initiatives, we can export energy to the world. The riches of India’s future lie in innovation, entrepreneurship, science, and technology. The development of the nation’s infrastructure has received top priority from the Center, he continued.
While addressing the development of the nation’s infrastructure, Gadkari mentioned that a green express highway is under planning between the cities of Mumbai and Bangalore, which will be a drive of almost five hours between Mumbai – Bangalore and a journey of almost 3.5 – 4 hours between Pune and Bangalore. He added that the Mumbai-Pune Express Highway will turn and begin as the Highway towards Bangalore near Pune’s Ring Road.
In addition to this, by the end of this year, 27 new green express highways are coming up in the nation which will be connecting the following routes:
- Delhi – Dehradun in 2 hours
- Delhi – Haridwar in 2 hours
- Delhi – Jaipur in 2 hours
- Delhi – Chandigarh in 2.5 hrs
- Delhi – Amritsar in 4 hrs
- Delhi – Srinagar in 8 hrs
- Delhi – Katra in 6 hrs
- Delhi – Mumbai in 10 hrs
- Chennai – Bangalore in 2 hrs
- Lucknow – Kanpur in half an hour
The planning for the takeover was stated by Nitin Gadkari, who is the Union Minister of Road Transport and Highways of India.
Other highway projects that are also under process are the ones connecting Varanasi to Kolkata and Gorakhpur to Siliguri. In this context, the minister said that they envision developing a National Highway Grid, just like the National Water grid. Additionally, he said that by the end of 2024, toll revenue will reach Rs 1 lakh 40 thousand crores from its current level of Rs 40,000 crores. According to the Minister, the Ministry is also building 75 tunnels for Rs 2,50,000 cr.
According to Gadkari, 40 km of new roads are built in the nation on average each day. He added that there is already 65 lakh km of roads in the nation, of which 1.45 lakh km are national highways. The Union Road Transport and Motorways Minister remarked that in the future, before building highways, the objective is to acquire land through collaboration and JVs with private sector investors.
Nitin Gadkari found potential in the transport development of the nation and also an economic possibility in introducing e-buses. Bus ports, trolley buses, and EVs in cities are some of the projects that his ministry has taken charge of.
Ropeways, cable cars, and funicular rail are being built in steep places as part of the Parvatmala programme. According to the Minister, the eateries and parking lots that will sprout up around these developments will increase the sources of income. Ethanol, methanol, biodiesel, bio-LNG, bio-CNG, electric, and green hydrogen are among the fuel sources that the Road Transport and Highways Ministry is considering diversifying. According to the Minister, the Center’s National Hydrogen Mission aims to export green hydrogen from India to the rest of the world.