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 Transport

Railway stations in Prayagraj undergo major passenger facility expansion

The Railway Board Chairman and CEO, Satish Kumar, conducted an extensive inspection on Saturday alongside the General Manager of Northern Railway and the officiating General Manager of North Central Railway. Their visit focused on various ongoing projects at multiple stations across the Northern and North Central Railway zones, with particular attention to enhancing facilities for the upcoming Maha Kumbh. During the inspection, Chairman Kumar reviewed the construction of a vital bridge over the River Ganga, specifically between Jhunsi and Prayagraj Rambagh. This bridge is expected to significa..

Next Story
Infrastructure Transport

Madurai-Thoothukudi broad gauge line works under review

The construction of the Madurai-Thoothukudi broad gauge line, which includes the crucial Melmarudur-Tiruparankundram project, is currently under careful review. This update comes from Southern Railway's assistant public information officer, J Kumarasubramanian, following an RTI inquiry made by a concerned citizen, Dayanand Krishnan. The new broad gauge line is projected to cover a total length of 143.5 km, with the initial 18 km stretch between Milavittan and Melmarudur completed and sanctioned by the Commission of Railway Safety on March 8, 2022. While substantial progress has been made on t..

Next Story
Real Estate

DLF expects Rs 26,000 cr from super luxury project in Gurugram

Realty giant DLF is projecting impressive revenue of Rs 26,000 crore from its newly unveiled super-luxury project, The Dahlias, situated in the heart of Gurugram. Ashok Tyagi, the Managing Director of DLF, shared these insights during a recent conference call with market analysts, highlighting the project's potential amidst rising demand for high-end residential properties. The Dahlias project spans an expansive 17 acres and is set to feature approximately 420 ultra-luxury apartments, each boasting a minimum size of 10,300 square feet. This ambitious development has already garnered significan..

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