Govt initiates 10,000-km greenfield expressway projects under Bharatmala Pariyojana
Union Minister Nitin Gadkari announced that the government is undertaking the construction of 10,000 km of greenfield expressway projects across India at a cost of Rs 4.5 lakh crore. These projects are part of the larger Bharatmala Pariyojana, which aims to develop 65,000 km of highways nationwide. The National Highways Authority of India (NHAI) has already generated over Rs 70,000 crore through various financing models, which will be utilized for highway construction. With the expansion of India's National Highway network from 91,000 km in 2014 to nearly 1.45 lakh km presently, the government is focused on integrated development through initiatives like the national infrastructure pipeline and PM Gati Shakti National master plan. Asset monetization, including models like ToT InVIT and project-based financing, will play a significant role in infrastructure investment, with NHAI having a share of 27% under the national monetization pipeline.
📅Published on:
04 July 2023
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