Projects under Bharatmala Phase-I to be tendered by 2023-24
AVIATION & AIRPORTS

Projects under Bharatmala Phase-I to be tendered by 2023-24

Chairperson of the National Highways Authority of India (NHAI), Alka Upadhyay, told the media that NHAI will tender for another bunch of highway projects with an additional 14,389 km by 2023-24 under Phase-I of Rs 5.35 trillion Bharatmala Pariyojana.

As of 31 March, under the programme through which economic corridors, expressways, border, international connectivity roads and coastal and port connectivity roads are being developed, 20,411 km project has been awarded, out of which 8,134 km has already been completed.

Upadhyay said that the development of freight corridors, national highways (NHs) and expressways would reduce logistics costs, which is recently very high in India, around 12-13% of the Gross Domestic Product (GDP).

She added that Indian businesses would be more competitive as the government emphasises providing last-mile connectivity through the development of national highways, state highways and rural roads under the vision of PM Gatishakti programme. These developments will offer better connectivity and make Indian businesses more competitive. NHAI has an asset base of around 1.4 lakh km of NHs.

She told the media that NHAI did its first infrastructure investment trust (InvIT) last year and raised around Rs 8,000 crore through five projects for about 400 km. Its toll operate transfer (TOT) model raised about Rs 17,000 crore over the past few years. NHAI plans to monetise more assets with InvIT and TOT.

NHAI created a Special Purpose Vehicle (SPV) for the Delhi-Mumbai expressway development programme, which received an AAA rating.

Under the Parvatmala programme, areas of Himachal Pradesh, Uttarakhand, Jammu and Kashmir and North-East would be connected through the development of ropeways to provide last-minute connectivity. The work for awarding ropeways in Kedarnath and Hemkund has already started.

Image Source

Also read: 336 km road works completed under Bharatmala Pariyojna Phase-I

Chairperson of the National Highways Authority of India (NHAI), Alka Upadhyay, told the media that NHAI will tender for another bunch of highway projects with an additional 14,389 km by 2023-24 under Phase-I of Rs 5.35 trillion Bharatmala Pariyojana. As of 31 March, under the programme through which economic corridors, expressways, border, international connectivity roads and coastal and port connectivity roads are being developed, 20,411 km project has been awarded, out of which 8,134 km has already been completed. Upadhyay said that the development of freight corridors, national highways (NHs) and expressways would reduce logistics costs, which is recently very high in India, around 12-13% of the Gross Domestic Product (GDP). She added that Indian businesses would be more competitive as the government emphasises providing last-mile connectivity through the development of national highways, state highways and rural roads under the vision of PM Gatishakti programme. These developments will offer better connectivity and make Indian businesses more competitive. NHAI has an asset base of around 1.4 lakh km of NHs. She told the media that NHAI did its first infrastructure investment trust (InvIT) last year and raised around Rs 8,000 crore through five projects for about 400 km. Its toll operate transfer (TOT) model raised about Rs 17,000 crore over the past few years. NHAI plans to monetise more assets with InvIT and TOT. NHAI created a Special Purpose Vehicle (SPV) for the Delhi-Mumbai expressway development programme, which received an AAA rating. Under the Parvatmala programme, areas of Himachal Pradesh, Uttarakhand, Jammu and Kashmir and North-East would be connected through the development of ropeways to provide last-minute connectivity. The work for awarding ropeways in Kedarnath and Hemkund has already started. Image Source Also read: 336 km road works completed under Bharatmala Pariyojna Phase-I

Next Story
Infrastructure Energy

Samridh, CEID Launch High-Capacity Biogas Plant in Moradabad

Samridh Bioenergy has broken ground on a 12 TPD compressed biogas (CBG) plant in Moradabad, Uttar Pradesh, under the MNRE’s National Bioenergy Programme. Spread across 12 acres, the plant will process 270 tonne of organic waste daily and generate 30,000 cubic metre of biogas per day.CEID Consultants and Engineering Pvt Ltd has been appointed as the EPC contractor, responsible for the complete design, procurement, and construction of the plant. Equipped with four multi-feed digesters, the facility will accept a mix of press mud, cow dung, chicken litter, and vegetable waste, supporting contin..

Next Story
Real Estate

Delhi Micro-Markets Drive Up Housing Prices: Grihum Study

A new study by Grihum Housing Finance reveals that the rise of micro-markets across Delhi-NCR is fuelling real estate price appreciation, especially in the affordable housing segment. Key drivers include renewed post-pandemic interest, migration trends, and government schemes like PMAY.According to the study, over the past two decades, floor rates have risen 267 per cent, from Rs 1,500 per sq ft in 2005 to Rs 5,500 in 2024. In the same period, land rates surged 492 per cent, from Rs 1,300 to Rs 7,700 per sq ft. The sharp increase highlights strong capital appreciation in Delhi’s emerging loc..

Next Story
Resources

Covestro Develops PCR Polycarbonates from End-of-Life Headlamps

Materials manufacturer Covestro has launched post-consumer recycled (PCR) polycarbonates made from end-of-life automotive headlamps, in a move aimed at strengthening circularity in the auto industry. These TÜV Rheinland-certified grades, containing 50 per cent recycled content, are now commercially available for new automotive applications.Developed under a joint programme led by GIZ, with Volkswagen and NIO as key partners, the recycled material is currently being validated for use in future vehicle models.""This new line of polycarbonate represents a significant step in supporting the autom..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?