Centre eyes state highways with high traffic for lane expansion
ROADS & HIGHWAYS

Centre eyes state highways with high traffic for lane expansion

The Centre is mulling a scheme under which it will take over state highways having high-traffic density for expansion, Union Minister Nitin Gadkari.

Gadkari, who handles the road transport and highways portfolio, said a state highway will be expanded into a four or six-lane road by the Centre and toll will be collected for 25 years before handing the asset back to the state.

"...we will take that highway from the state government (and) will collect the toll," Gadkari said, speaking at a convention organised by the Association of National Exchanges Members of India (ANMI) here.

The minister, who has built a reputation for constructing mega road projects across the country, exuded confidence that the money invested for a particular highway's expansion into a 4-6 lane carriageway can be recovered in 12-13 years itself.

Also Read
NHAI road awards at three-year low in first half of fiscal
Modi launches PMGSY-III road scheme in Himachal

The Centre is mulling a scheme under which it will take over state highways having high-traffic density for expansion, Union Minister Nitin Gadkari. Gadkari, who handles the road transport and highways portfolio, said a state highway will be expanded into a four or six-lane road by the Centre and toll will be collected for 25 years before handing the asset back to the state. ...we will take that highway from the state government (and) will collect the toll, Gadkari said, speaking at a convention organised by the Association of National Exchanges Members of India (ANMI) here. The minister, who has built a reputation for constructing mega road projects across the country, exuded confidence that the money invested for a particular highway's expansion into a 4-6 lane carriageway can be recovered in 12-13 years itself. Also Read NHAI road awards at three-year low in first half of fiscal Modi launches PMGSY-III road scheme in Himachal

Next Story
Real Estate

The Only Way is Up!

In 2025, India’s real-estate market will be driven by a confluence of economic, demographic and policy-driven factors. Among these, Boman Irani, President, CREDAI National, counts rapid urbanisation, the rise of the middle class, policy reforms like RERA and GST rationalisation, and the Government’s decision to allow 100 per cent FDI in construction development projects (including townships, housing, built-up infrastructure, and real-estate broking services).In the top metros, especially Bengaluru, followed by Hyderabad and Pune, the key drivers will continue to be job creation a..

Next Story
Building Material

Organisations valuing gender diversity achieve higher profitability

The building materials industry is projected to grow by 8-12 per cent over the next five years. How is Aparna Enterprises positioning itself to leverage this momentum and solidify its market presence?The Indian construction and building materials industry is projected to witness significant expansion, with estimates suggesting an 8-12 per cent compound annual growth rate (CAGR) over the next five years. This growth is fuelled by rapid urbanisation, increased infrastructure investments and sustainability-focused policies. With India's real-estate market expected to reach $ 1 trillion by 2030, t..

Next Story
Real Estate

Dealing with Delays

Delays have beleaguered many a construction project in India, hampering the country from building to its ability and potential, and leading to additional costs incurred by the contractor. The reasons for delayIn India, delays mainly occur owing to obtaining statutory approvals, non-provisioning of right of way, utility diversion and approval of drawings and design. Delays are broadly classified based on responsibility and effect. Excusable delays arise from factors beyond the contractor’s control, such as force majeure events or employer-induced delays. These delays generally entitle th..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?