PHD Chamber Infra Conclave Stresses on Elevated Road Corridors

PHD Chamber Infra Conclave Stresses on Elevated Road Corridors

As per the prevailing norms in the road sector, the escalating land acquisition cost is not just consuming 70% of the total road project cost, but also causing undue delays in the execution of the projects. To address this, the transport ministry is contemplating building elevated road corridors across the country, said Indian Army General (Retd) V K Singh, Minister of State for Road Transport & Highways. He was addressing the Infra Conclave 2019 Challenges and Way Forward organized by the PHD Chamber of Commerce in New Delhi.

Though the overall cost of constructing elevated corridors is higher than building surface or plain roads, they require less land and ensure quicker execution. The increased cost can be recovered by monetizing surplus land parcels along the highways by engaging private player for providing roadside amenities.

In addition, NHAI has targeted ₹one lakh crore in revenue from toll and wayside amenities over the next five years to fund the new projects. As of now, NHAI has readied road projects worth ₹8 lakh crore to be awarded in the next couple of years. The finance ministry is setting up a high-level task force to identify road projects worth ₹100-lakh-crore to be executed by 2024-25. The Minister revealed that his ministry has a basket of projects worth ₹15 lakh crore and is now weighing various financing options and is keen on monetizing various aspects of road assets.

PHD Chamber Infra Conclave Stresses on Elevated Road Corridors

Amid talks of a slowing economy, the highways sector has the potential to revive growth by building road infrastructure, which will spur growth in steel, cement and automotive industries, including the labor market. Good road connectivity is key to driving economic and social development as roads enable seamless movement of men, machines and material across the length and breadth of the country.

While the overall allocation for NHAI has seen a rise in the past couple of years, its IEBR (Internal and Extra Budgetary Resources) have increased from ₹50,532.41 crore in FY18 to ₹62,000 crore in FY19, and to ₹75,000 crore in FY20. Roads with tolling system will increase to 75,000 km over the next five years. Currently, around 24,996 km of roads are under the tolling system, and over 2,000 km will be added by the end of the current financial year. The toll income by the end of this (financial) year will reach ₹30,000 crore and with NHAI building more roads and other amenities, the income from toll and other sources will reach the targeted figure, and NHAI will be able to get loans from banks and raise money from the market. Currently, the ministry is roping in the insurance sector for bank guarantees to ensure smooth flow of finances for the new projects.

Ashish Wig, Chairman, Infra Development Committee, urged the transport ministry to streamline the DPR preparing process as in most cases the project reports are ill-conceived and not based on ground realities, which is causing undue delays in project execution and one of the main reasons for cost escalations. He recalled that the current government, shortly after taking over the reins at the Centre in May 2014, had pushed the pace of road construction and made it a benchmark for India’s infrastructure creation. It also initiated a new integrated infrastructure program for building roads and highways, railways, airports, and projects like Sagarmala and Bharatmala.

PHD Chamber Infra Conclave Stresses on Elevated Road Corridors

India has been grappling with high logistics costs of 14% and development of roads, railways and waterways will cut down logistics costs to 8%. With several large conglomerates and infrastructure companies weighed down by debt, the onus of creating infrastructure is on the Centre. On its part, the NDA government did not lack ambition as was evident when the road construction target of 45-km per day was set in the last financial year; from 27 km achieved per day in 2017-18, it touched nearly 33 km per day. While the total investment for the Bharatmala project was pegged at ₹10 trillion—the largest ever outlay for a government in road construction scheme—the country has envisaged ₹8 trillion of investment until 2035 under the Sagarmala program.

CERA’s Secretary General, Satin Sachdeva, highlighted the problems confronting the construction equipment rental industry including undue delay in payments by the road building agencies. He also urged the GST Council and the Government to reduce GST rates on equipment rental services. The Minister promised to address the issues.

President, PHD Chambster, D K Aggarwal, Member Finance, Inland Waterways Authority, Alok Ranjan, Member Projects, NHAI, R K Pandey, General Manager, Contract NCC Ltd, Dr. Sridhar Mothe, Vice President Sustainable Investment Banking, Yes Bank, Daanish Verma, President, ACE, Pradeep Sharma, Head EHS RBF India, L&T, Mohammad Moizuddin and Chief Scientist, CRRI, K Sitaram Anjanyelu, also addressed the gathering.
NBM&CW December 2019
IRF Conference Highlights Road Construction Technologies & Solutions

IRF Conference Highlights Road Construction Technologies & Solutions

International Road Federation (IRF) organized a two-day Conference-cum-Exhibition titled ‘Revolutionizing Road Infra with Modern Equipment, Technologies, Sustainable Materials, and Policy Guidelines’.

Read more ...

LogiMAT India 2024 facilitates ₹500 mn Investment Surge

LogiMAT India 2024 facilitates ₹500 mn Investment Surge

The LogiMAT 2024 event facilitated significant investments in India's logistics sector, with transactions worth over ₹500 million taking place, contributing towards infrastructure development, technology adoption, and capacity

Read more ...

Apollo Inffratech Group's Technovation: A festival of future technologies

Apollo Inffratech Group's Technovation: A festival of future technologies

Apollo Inffratech Group celebrated TechNOVATION - a festival of future technologies - on 16th February 2024. It was held at two of its production facilities simultaneously viz. at Apollo Inffratech’s Headquarters and Works at

Read more ...

International Symposium on Innovative World of Concrete (IWC24)

International Symposium on Innovative World of Concrete (IWC24)

The International Symposium on Innovative World of Concrete (IWC24) was held at Raajkutir, Kolkata, India, from 18th to 20th January 2024. The symposium focused on the theme "Concrete Construction: Present and Future." Organized

Read more ...

ICEMA Summit: Making CE Manufacturing Future-Ready

ICEMA Summit: Making CE Manufacturing Future-Ready

The 2nd CE Manufacturing and Supply Chain Summit, organized by the Indian Construction Equipment Manufacturers Association (ICEMA) – an affiliated body of CII, in New Delhi, on 19th February 2024, hosted discussions on critical topics

Read more ...

World Tunnel Congress: Preview of Four Highlights at WTC 2024 Exhibition in China

World Tunnel Congress: Preview of Four Highlights at WTC 2024 Exhibition in China

The World Tunnel Congress 2024 is set to be held with great fanfare during 19-25 April ’24 at Shenzhen, China. To date, the Congress has drawn the world's leading companies in the tunnel industry to participate in the event.

Read more ...

CCMA Successfully Hosts the 4th International Suppliers Conference 2023 on 'Construction Chemicals for the Next Gen'

CCMA Successfully Hosts the 4th International Suppliers Conference 2023 on 'Construction Chemicals for the Next Gen'

The Construction Chemical Manufacturers Association (CCMA) has successfully organized the 4th International Suppliers Conference 2023 on "Construction Chemicals for the Next Gen" on the 4th and 5th of December, 2023, at Taj Vivanta, Navi Mumbai

Read more ...

EXCON Bigger & Better in 2023 - Puts the Spotlight on High-Tech Machines Alternate Fuels Electric Equipment Hydrogen Engines

EXCON Bigger & Better in 2023 - Puts the Spotlight on High-Tech Machines Alternate Fuels Electric Equipment Hydrogen Engines

Spread over 32,00,000 sqft of display area, CII Excon 2023 attracted over 75,000 visitors, 1,021 exhibitors, including more than 100 from overseas (as per preliminary figures; final will be revealed post-UFI audit), and participation

Read more ...

Sustainable Construction takes Center Stage at WOC India 2023

Sustainable Construction takes Center Stage at WOC India 2023

The 9th edition of World of Concrete India was organised by Informa Markets in India, a leading B2B event organizer, at the Bombay Exhibition Centre, Mumbai. The three-day event that concluded on October 20, 2023, was marked by the presence

Read more ...

EXCON 2023: A Window to India's Engineering Prowess & Global Competitiveness

EXCON 2023: A Window to India's Engineering Prowess & Global Competitiveness

There is a great deal of anticipation amongst exhibitors and visitors from across India and abroad for the upcoming Excon’23. The trade event, one of the largest in Asia in the infra construction equipment sector, has grown

Read more ...

Global Maritime India Summit 2023 Modernizing Logistics and Coastal Shipping

Global Maritime India Summit 2023 Modernizing Logistics and Coastal Shipping

Prime Minister Narendra Modi, while inaugurating the third edition of Global Maritime India Summit 2023 held in Mumbai, remarked that India has a vast coastline, a strong riverine eco-system, and a rich cultural

Read more ...

India Warehousing & Logistics Show A key platform for knowledge sharing in Warehousing & Logistics Industry

India Warehousing & Logistics Show A key platform for knowledge sharing in Warehousing & Logistics Industry

The 10th-anniversary edition of the India Warehousing & Logistics Show (IWLS) is scheduled to take place for three days at the Bombay Exhibition Centre, Goregaon (E) in Mumbai from November 21st

Read more ...

Excon 2023 - Propelling India’s Technological Prowess & Global Stature

Excon 2023 - Propelling India’s Technological Prowess & Global Stature

Preparations for the upcoming Excon 2023 edition are in full swing, with organizer CII, in collaboration with various departments of the Karnataka state government, planning key activities for the attendees. No doubt, given the impressive stature of the

Read more ...

Terex India Hosts TEXCON 2023

Terex India Hosts TEXCON 2023

Terex India’s TEXCON 2023 event, held at its Hosur facility in Tamil Nadu, showcased an impressive line-up of Technological and Sustainable Solutions for Construction and Recycling Industries. P.P. Basistha reports. Terex, global manufacturer of materials

Read more ...

JCB India: Growing its Excavator Business Across Sectors

JCB India: Growing its Excavator Business Across Sectors

JCB India is leveraging its design and manufacturing capabilities to market its excavators as it aims to meet the rising demand from infra development projects. P.P. Basistha witnesses the company’s manufacturing prowess and wide range of products at the

Read more ...

Crane Owners Association of India Organizes 11th AGM

Crane Owners Association of India Organizes 11th AGM

Cowners came together for the 11th Annual General Meeting of Crane Owners Association of India (COAOI) on 29th September 2023 at the Taj Palace Hotel, Mumbai. The gathering included esteemed members of COAOI. SANY India was the event’s partner

Read more ...

ICEMA: Laying the Foundation for a Transformative Future

ICEMA: Laying the Foundation for a Transformative Future

ICEMA’s CE Technology Summit brought together industry leaders, innovators, and visionaries to identify key challenges in the development and adoption of advanced in-house technologies. “The Technology Vision Roadmap developed by the Construction

Read more ...

Demtech: Bigger & Better in 2023

Demtech: Bigger & Better in 2023

The second edition of Demtech 2023 Conference and Exhibition, held at Bengaluru on the 28th and 29th September 2023, played host to 450 delegates, representation from 10 countries, and 45 exhibitors. The success of Demtech 23 has once again proved

Read more ...

CCMA to organize 4th International Suppliers Conference 2023 on “Construction Chemicals for Next Gen”

CCMA to organize 4th International Suppliers Conference 2023 on “Construction Chemicals for Next Gen”

The 4th edition of the International Conference of Suppliers for leading manufacturers and suppliers of construction chemicals is being organized by the Construction Chemicals Manufacturers Association (CCMA). The conference will be held on 4th and

Read more ...

To get latest updates on whatsapp, Save +91 93545 87773 and send us a 'Saved' message
Click Here to Subscribe to Our eNewsletter.