In order to launch the first phase of the Bharatmala project, the PM has asked for Public Investment Board's (PIB) clearance. This phase, which will be carried out at an estimated investment of Rs.5.35 lakh crore, will focus on building 29,000 km of highways network including economic corridor schemes, coastal and other roads. After viewing the presentation by the Road Transport and Highways Ministry, the PMO was of the view that a note should be floated for PIB approval. This is going to be one of the last mega projects of the government of day and initiatives are currently on to complete the first phase of the project before 2019. As a matter of fact, the blueprint of the Bharatmala project has already been finalised and detailed project reports (DPRs) are in the process of formation. The Bharatmala project has been envisaged as an umbrella program that will subsume unfinished parts of the NHDP and also focus on the new initiatives such as creation of economic corridors, development of border and international connectivity roads, coastal and port connectivity roads involving a whopping investment of Rs.10 lakh-crore, claimed Transport ministry officials.
📅Published on:
22 April 2017
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