Road Ministry to Award Rs.3 Lakh Crore in Contracts in 3 Months
ROADS & HIGHWAYS

Road Ministry to Award Rs.3 Lakh Crore in Contracts in 3 Months

India's Road Transport and Highways Ministry is set to award contracts exceeding ?3 lakh crore within the next three months. This significant move aims to accelerate infrastructure development and boost the country's road network.

The planned contracts cover a broad spectrum of road projects, including the construction of highways, expressways, and other critical infrastructure. The initiative is expected to enhance connectivity, reduce travel times, and support economic growth by improving transportation efficiency across the country.

Union Minister Nitin Gadkari highlighted that this aggressive push is part of a broader strategy to address road infrastructure deficiencies and facilitate smoother transportation. By awarding these contracts promptly, the ministry aims to generate substantial employment opportunities and stimulate growth in the construction and related sectors.

The swift award of these contracts is also expected to bolster investor confidence and attract further investment in India's infrastructure development. The move underscores the government's commitment to upgrading the nation's road infrastructure and achieving key milestones in national development plans.

Overall, this ambitious plan reflects a proactive approach to infrastructure enhancement, aiming to significantly improve India's road network and contribute to the country's economic advancement.

The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com

India's Road Transport and Highways Ministry is set to award contracts exceeding ?3 lakh crore within the next three months. This significant move aims to accelerate infrastructure development and boost the country's road network. The planned contracts cover a broad spectrum of road projects, including the construction of highways, expressways, and other critical infrastructure. The initiative is expected to enhance connectivity, reduce travel times, and support economic growth by improving transportation efficiency across the country. Union Minister Nitin Gadkari highlighted that this aggressive push is part of a broader strategy to address road infrastructure deficiencies and facilitate smoother transportation. By awarding these contracts promptly, the ministry aims to generate substantial employment opportunities and stimulate growth in the construction and related sectors. The swift award of these contracts is also expected to bolster investor confidence and attract further investment in India's infrastructure development. The move underscores the government's commitment to upgrading the nation's road infrastructure and achieving key milestones in national development plans. Overall, this ambitious plan reflects a proactive approach to infrastructure enhancement, aiming to significantly improve India's road network and contribute to the country's economic advancement.

Next Story
Infrastructure Urban

India, US to promote sustainable aviation fuel and hydrogen in buses

India and the United States have agreed to promote sustainable aviation fuel (SAF), electrification of medium and heavy-duty vehicles, and the use of hydrogen in buses, tractors, and heavy equipment. This decision came during the Strategic Clean Energy Partnership (SCEP) dialogue between US Energy Secretary Jennifer Granholm and Indian Minister of Petroleum and Natural Gas Hardeep Singh Puri in Washington, DC. Both nations also encouraged increased investments in each other's clean energy markets. The joint statement emphasised the importance of a "just, orderly, and sustainable energy trans..

Next Story
Infrastructure Transport

Tuticorin Airport upgradation set for December completion

Tuticorin Airport in Tamil Nadu is undergoing a significant upgrade, with an expected completion date in December 2024. The project, valued at Rs 3.81billion, is being carried out by the Airports Authority of India (AAI) and involves the extension of the runway to accommodate A-321 type aircraft, construction of a new apron, a new terminal building, a technical block with a control tower, and a new fire station. The new terminal building, covering 17,500 square meters, will significantly enhance the airport's capacity, enabling it to serve 1,440 passengers during peak hours and handle up to 2 ..

Next Story
Infrastructure Transport

Airfare hike not tied to increased airport charges; ACI

The Airports Council International (ACI) stated that rising airfares are not linked to increased airport charges. Airport charges are crucial for infrastructure development within the commercial aviation ecosystem, but they remain a minimal part of the overall airfare. Stefano Baronci, Director General of ACI Asia Pacific & Middle East, emphasized that airports are infrastructure-intensive businesses, with costs dominated by maintaining essential infrastructure such as runways, taxiways, aprons, and terminal buildings. He noted that neglecting the capital expenditure needed to support future 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