India has one of the largest road networks in the world, spanning over a total of 5.5 million kms. Over 64.5 per cent of all goods in the country are transported through roads, while, 90 per cent of the total passenger traffic uses road network to commute. During FY2018-19, Government of India allocated Rs 71,000 crore (US$ 10.97 billion) for development of national highways across the country.
In addition, 312 projects were recommended for development by the Public Private Partnership Appraisal Committee (PPPAC) of Investment of US$ 31 billion is expected in PPP by 2020 for national highways.
National Highway Development Project (NHDP) is a 7 phase project amounting to US$ 60 billion. The projects aims to widening, upgradation and rehabilitation of 47,054 kilometres of national highways.
Govt. has announced Rs 25 trillion (US$ 372.8 billion) investment in infrastructure over a period of three years, which will include Rs 8 trillion (US$ 119.3 billion) for developing 27 industrial clusters and an additional Rs 5 trillion (US$ 74.56 billion) for road, railway and port connectivity projects.
Currently, a total length of 34,800 km road projects have been proposed to be constructed, under Bharatmala Pariyojana Phase-I. Government of India has also approved highway projects worth Rs 2 billion (US$ 29.83 million) to improve connectivity among Gujarat, Maharashtra, Rajasthan, Madhya Pradesh and Diu. The Government of India signed US$ 500 million loan agreement with World Bank to provide additional funding for construction of 7,000 km climate resilient roads out of which 3,500 km will be built using green technologies under Pradhan Mantri Gram Sadak Yojna (PMGDY).
The Government of India approved construction of a 9.9 km 6 lane bridge project across Ganga in Uttar Pradesh on NH-36 with the total capital cost of Rs 1,948.25 crore (US$ 302.29 million). The construction of the project is expected to be completed by December 2021. Government of India signed a US$ 210 million deal with World Bank to improve rural roads at a stretch of 10,510 km in Madhya Pradesh under the Gram Sadak Yojana programme.
The Govt. of India had approved a plan for constructing 1000 km of Expressways under NHDP Phase-VI at the cost of Rs. 16,680 crore on DBFOT basis. Under Bharatmala Pariyojana Program under which Expressway projects (Ahmedabad-Dholera, Vadodara-Mumbai, Delhi-Meerut, Kanpur-Lucknow, Chennai-Bangalore, Delhi-Amritsar-Katra& Delhi-Jaipur) of aggregate length 1837 km. are envisaged to be developed.
Govt launched the Setu Bharatam programme for building bridges for safe and seamless travel on National Highways. Setu Bharatam programme aims to make all National Highways free of railway level crossings by 2019. This is being done to prevent the frequent accidents and loss of lives at level crossings. The Minister informed that 208 Railway Over Bridges (ROB)/Railway Under Bridges (RUB) will be built at the level crossings at a cost of Rs. 20,800 crore as part of the programme. The details of 208 ROBs are as follows:
Andhra Pradesh – 33, Assam – 12, Bihar – 20, Chattisgarh – 5, Gujarat – 8, Haryana – 10, Himachal Pradesh – 5, Jharkhand – 11, Karnataka – 17, Kerala – 4, Madhya Pradesh -6, Maharashtra – 12, Odisha – 4, Punjab – 10, Rajasthan – 9, Tamil Nadu – 9, Utarakhand – 2, Uttar Pradesh – 9, West Bengal – 22. In addition to this, about 1500 old and worn down bridges will also be improved by replacement/widening/strengthening in a phased manner at a cost of about Rs. 30,000 crore.
The Government of India has decided to invest Rs 7 trillion (US$ 107.82 billion) for construction of new roads and highways over the next five years.
The Ministry of Road Transport and Highways has fixed an overall target to award 15,000 km projects and construction of 10,000 km national highways in FY19. A total of about 295 major projects including bridges and roads are expected to be completed during the same period.
The government, through a series of initiatives, is working on policies to attract significant investor interest. A total of 200,000 km national highways are expected to be completed by 2022
KRS Infra Ventures engaged in marketing equipments & services for development of Roads & Highways and deal in Toll Equipment’s, Road Construction equipment etc.
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