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

REC Transfers HVDC Project to Power Grid

REC Limited has successfully handed over the Special Purpose Vehicle (SPV) for a High-Voltage Direct Current (HVDC) transmission project to Power Grid Corporation of India Limited (PGCIL). This strategic move aligns with the nation's objectives to strengthen its power transmission network. Key Highlights: Project Overview: The HVDC project, under the inter-state transmission system (ISTS) initiative, is a critical component of India's push toward robust and efficient electricity transmission. It aims to handle bulk power transfer across long distances while ensuring minimal losses. Role of RE..

Next Story
Infrastructure Transport

NF Railway Collaborates with IIT Guwahati

The Northeast Frontier (NF) Railway has signed strategic Memorandums of Understanding (MoUs) with IIT Guwahati to foster technological advancements and improve railway operations in the region. This partnership focuses on innovative solutions to enhance safety, efficiency, and sustainability in rail infrastructure. Key Highlights: Purpose of MoUs: The collaboration aims to leverage IIT Guwahati's expertise in technology and research for implementing cutting-edge solutions across railway operations. Key areas of focus include: Automation and digitization in maintenance. Sustainability initiati..

Next Story
Infrastructure Transport

Danapur Division Modernization Plans Revealed

The Railway Board has unveiled ambitious plans for the expansion and modernization of the Danapur Division, a critical hub under the East Central Railway. The initiative focuses on infrastructure development, enhanced passenger amenities, and operational efficiency. Key Highlights: Scope of Modernization: The Railway Board's blueprint emphasizes: Upgrading existing infrastructure to accommodate more passenger and freight traffic. Improving station facilities, such as platforms, waiting areas, and connectivity. Introducing advanced signal systems for safer and smoother operations. Freig..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000