Highway News
Govt To Spend ₹ 7 Lakh Cr In Next 2-3 On Infra
Union Minister for Road Transport and Highways (MoRTH) Nitin Gadkari, while addressing the National Conference on Investment Opportunities in Highways, Transport and Logistics in Mumbai recently, has urged investors to come forward and invest boldly in the country’s infrastructure sector, which offers a diverse array of investment opportunities spanning multiple asset classes including Multimodal Logistics Parks, Highways, Ropeways, Wayside Amenities, warehousing zones and more. According to the Union Minister, the Internal ROI in the road sector is very high. Thus, there is no need to worry about economic viability, he said.
The Union Minister also spoke about the many benefits of upcoming infrastructure projects under the government’s Bharatmala Programme. As per Gadkari, within one year, the travel time from Mumbai to Delhi, via road, will go down from 48 hours to 12 hours.
Ganga Expressway: Adani Enterprises Receives LoA To Implement 3 Major Stretches
Adani Enterprises said it has received the letter of award from Uttar Pradesh Expressways Industrial Development Authority to implement three major stretches of the greenfield Ganga Expressway. In a statement, the company also said the project cost is over ₹ 17,000 crore and this is India’s largest ever expressway project awarded to a private company under the public-private partnership (PPP) framework.
It further said AEL will construct three groups of the access-controlled six-lane expressway, expandable to eight lanes in Uttar Pradesh and the concession period will be 30 years. The Ganga Expressway in which will connect Meerut with Prayagraj, will be India’s longest expressway to be implemented on the design, build, finance, operate and transfer (DBFOT) basis.
Of its 594km length, AEL will build 464km from Budaun to Prayagraj, which comprises 80% of the expressway project, the statement said.
Karnataka To Get Its First Greenfield Highway
The National Highways Authority of India (NHAI) has invited tenders for the building of a six-lane accesscontrolled greenfield highway connecting Badadal village in Kalaburagi district and Singnodi in Raichur district. This will be the state’s first access-controlled roadway, as well as North Karnataka’s first six-lane motorway.
This expressway would cost the Union government over ₹ 25 crore per kilometer. The Kalyana Karnataka Grahakara Vedike, which would connect the region to Bengaluru and Mumbai, has been recognized as a positive development.
The proposed highway is numbered NH-150C, and its construction is expected to start in a year.