Nitin Gadkari Advocates Flexible, Market-Driven Approach for Highway Construction
ROADS & HIGHWAYS

Nitin Gadkari Advocates Flexible, Market-Driven Approach for Highway Construction

Nitin Gadkari, the Minister for Road Transport and Highways, has emphasised the need for a flexible and market-driven approach in the construction of highways across India. Addressing stakeholders, Gadkari highlighted the importance of adapting strategies that foster innovation, efficiency, and timely execution in infrastructure projects.

The Minister stressed the role of the Hybrid Annuity Model (HAM) in revolutionising the highway construction sector by incorporating private sector participation and leveraging market dynamics. He emphasised the need for seamless execution and timely completion of projects to meet the growing demands of a rapidly developing nation.

Gadkari also underscored the significance of electronic toll collection systems like FASTags in enhancing tolling efficiency and revenue collection. He encouraged further adoption of digital technologies to streamline operations and reduce logistical complexities in highway management.

Furthermore, Gadkari reaffirmed the government's commitment to enhancing transparency and accountability in infrastructure development. He emphasised the importance of creating an enabling environment that promotes innovation and attracts investments in the sector.

The Minister's call for a market-driven approach aims to accelerate India's infrastructure growth trajectory, ensuring robust connectivity and economic development across the country. By fostering a conducive environment for private sector participation and technological advancements, Gadkari envisions a future-ready highway network that meets global standards of efficiency and sustainability.

Nitin Gadkari, the Minister for Road Transport and Highways, has emphasised the need for a flexible and market-driven approach in the construction of highways across India. Addressing stakeholders, Gadkari highlighted the importance of adapting strategies that foster innovation, efficiency, and timely execution in infrastructure projects. The Minister stressed the role of the Hybrid Annuity Model (HAM) in revolutionising the highway construction sector by incorporating private sector participation and leveraging market dynamics. He emphasised the need for seamless execution and timely completion of projects to meet the growing demands of a rapidly developing nation. Gadkari also underscored the significance of electronic toll collection systems like FASTags in enhancing tolling efficiency and revenue collection. He encouraged further adoption of digital technologies to streamline operations and reduce logistical complexities in highway management. Furthermore, Gadkari reaffirmed the government's commitment to enhancing transparency and accountability in infrastructure development. He emphasised the importance of creating an enabling environment that promotes innovation and attracts investments in the sector. The Minister's call for a market-driven approach aims to accelerate India's infrastructure growth trajectory, ensuring robust connectivity and economic development across the country. By fostering a conducive environment for private sector participation and technological advancements, Gadkari envisions a future-ready highway network that meets global standards of efficiency and sustainability.

Next Story
Infrastructure Urban

Our urban initiatives set a benchmark for projects across India

The Nagpur Smart and Sustainable City Development Corporation (NSSCDCL) has bagged an excellence award for being a leader in creating healthy streets in Indian cities. Soumya Sharma Chandak, Chief Executive Officer (CEO), tells R SRINIVASAN what led to this achievement and elaborates upon other successes and plans. Excerpts from the conversation:What key factors contributed to NSSCDCL winning the excellence award for creating healthy streets in India?We won this award for our efforts to suggest juncti..

Next Story
Infrastructure Urban

Construction Sector Results

The Indian construction sector demonstrated both growth opportunities and notable challenges in the first half of FY2024-25, driven by a mix of economic, operational and policy factors. The sector’s total consolidated operating revenue across all segments (Ultra Large, Large, Medium, and small construction companies) reached approximately Rs.70,871 crore in H1 FY25, compared to Rs.67,126 crore in H1 FY24, reflecting a year-on-year growth of about 5.6 per cent. When including Larsen & Toubro (L&T), the largest player in  the sector,..

Next Story
Infrastructure Transport

India must focus on building resilient road infrastructure

Vadodara-based firm Zydex Industries has developed a silane nanotechnology-based product for road construction that can resist cracking under heavy traffic loads and cyclic weather. The company is using nano-polymer and silane to make roads free of potholes and cracks, thanks to their anti-strip property and enhanced resistance to moisture damage. The company has also developed a technology to make aggregates waterproof, thus forming a skin-like layer that is water-resistant and prevents the formation of potholes. Himanshu Agarwal, Chief Operating Officer, Zydex Industries, speaks about g..

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