NHAI plans townships & logistics parks along highways
In a bid to generate more resources for road construction across the country, NHAI has prepared a roadmap to build modern townships, logistics parks, entertainment hubs and other wayside amenities along the existing and new highways, and has sought the cabinet's nod to acquire land for the purpose. NHAI will set up a separate vertical for the real estate business. Once the NH Act is amended, it will also become its primary activity like developing and maintenance of highways. This is one way of earning revenue to meet increasing fund requirements, said Union minister Nitin Gadkari. "The NHAI chairman has sent me a proposal, which will be placed before the cabinet after which the agency will acquire land parcels of 3,000 to 10,000 acres along the upcoming highways and expressways. Townships can come up on this land and you can invest in setting up medical universities or other educations. The NHAI is looking at such plans along the upcoming Delhi-Mumbai and other 21 greenfield expressways," he said.
📅Published on:
07 February 2020
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