Road projects worth Rs 25 lakh  crore to be developed
ROADS & HIGHWAYS

Road projects worth Rs 25 lakh crore to be developed

According to the government, Rs 25 lakh crore worth of road projects will be developed as part of the Rs 100 lakh crore infrastructure building programme that was declared by Prime Minister Narendra Modi. These schemes comprise revamping the models of asset monetisation as well as establishing SPVs for the Rs 1 lakh crore worth Delhi-Mumbai Corridor Project. Roads minister Nitin Gadkari was quoted in a PTI report saying that last week that he has cleared two large highway projects worth Rs 65,000 crore including the Amritsar-Ajmer express highway project worth Rs 35,000 crore.

To attract a higher number of investments in the asset monetisation programme, a revision of the model has been undertaken in alignment with the department of disinvestment model which has allowed for the realistic price discovery of an asset. As per the Indian roads minister Nitin Gadkari, the facilitation of the infrastructure debt funds ensures their participation in the asset’s direct financing under monetisation.

Under the Bharatmala initiative, the SPV national highways logistics management company has been put in place for a total of 35 logistics parks. Manoj Kumar, a member of NHAI, acts as their chairman.

To help existing partners in the road and construction sector deal with financial and logistic woes stemming from the slowing down of the economy, they have been granted sizable financial relief packages, added the Minister.

According to the government, Rs 25 lakh crore worth of road projects will be developed as part of the Rs 100 lakh crore infrastructure building programme that was declared by Prime Minister Narendra Modi. These schemes comprise revamping the models of asset monetisation as well as establishing SPVs for the Rs 1 lakh crore worth Delhi-Mumbai Corridor Project. Roads minister Nitin Gadkari was quoted in a PTI report saying that last week that he has cleared two large highway projects worth Rs 65,000 crore including the Amritsar-Ajmer express highway project worth Rs 35,000 crore.To attract a higher number of investments in the asset monetisation programme, a revision of the model has been undertaken in alignment with the department of disinvestment model which has allowed for the realistic price discovery of an asset. As per the Indian roads minister Nitin Gadkari, the facilitation of the infrastructure debt funds ensures their participation in the asset’s direct financing under monetisation. Under the Bharatmala initiative, the SPV national highways logistics management company has been put in place for a total of 35 logistics parks. Manoj Kumar, a member of NHAI, acts as their chairman. To help existing partners in the road and construction sector deal with financial and logistic woes stemming from the slowing down of the economy, they have been granted sizable financial relief packages, added the Minister.

Next Story
Real Estate

Rethinking Slum Development

In July 2024, the Supreme Court directed the Bombay High Court to initiate suo motu proceedings to evaluate the implementation of the Maharashtra Slum Area (Improvement, Clearance and Redevelopment) Act.During the ensuing proceedings, the Division Bench of Justices expressed concern about the plight of slum dwellers, saying, “Merely because you are a slum dweller doesn’t mean that you are left to the discretion of developers. They end up with a pittance.” The Bench also noted that the buildings allocated to slum dwellers were akin to “vertical slums”. “The buildings are congested. ..

Next Story
Real Estate

Ring in the New!

Lighting:OLED (organic light emitting diode) panels such as those by Philips are the latest option in soft lighting fixtures that can be embedded into walls, ceilings or furniture, says Nilesh Sawant, Principal Architect, Nilesh Sawant Architect. “Being thin and flexible, they lend themselves well to different applications while delivering the energy-efficiency associated with LED technology.”And Sapna Aggarwal, Founder, ANSA Architecture & Interiors, says “Embedded light-emitting diodes can create a dreamy illumination, while dimmable LEDs are useful for allowing..

Next Story
Infrastructure Urban

Jhansi Library

The Jhansi Library, commissioned by the Jhansi Development Authority (JDA) under the Jhansi Smart City initiative and built by Bootes Impex, a net-zero construction-tech company. It is the first library in Asia to achieve EDGE (Excellence in Design for Greater Efficiencies) certification from the International Finance Corporation (IFC), a member of the World Bank Group. This milestone marks the library as India’s first and only net-zero library, aligning  with India’s Net-Zero Vision 2070.Sustainable designDeepak Rai, Managing Director, Bootes Impex, explains, “The project's vision ..

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