Under the primary part of Rs 5.35-trillion Bharatmala Priyojona, the National Highways Authority of India (NHAI) will tender out one other bunch of freeway tasks with a mixed size of 14,389 km by 2023-24, NHAI chairperson Alka Upadhyay stated on Thursday .
Speaking on the National Road Infra Conclave 2022 organised by FE, Upadhaya stated, “We have come a long way. We hope to tender out all works (under the first phase) by 2023-24.”
As on March 31, beneath the programme by means of which financial corridors, expressways, border and worldwide connectivity roads and coastal and port connectivity roads are being developed, a complete of 20,411-km venture size been awarded of which 8,134 km has already been constructed.
“The development of freight corridors, national highways and expressways are going to reduce the cost of logistics which is currently very high in the country, around 12-13% of the GDP. With these highways coming up, I am sure there will be a huge reduction in logistics cost,” she stated.
Upadhya stated Indian companies will likely be extra aggressive going ahead as the federal government lays particular emphasis on offering the last-mile connectivity by means of growth of nationwide highways, state highways and rural roads. “These will ultimately fulfill the dream of PM Gatishakti, the national master plan of multi-modal connectivity in the country. All of these not only make connectivity good, but also make Indian business far more competitive.”
Detailing the asset monetisation programme of the authority, she stated the NHAI has an asset base of just about 1.4 lakh km of nationwide highways. Through a correct research on which belongings could be monetised, which may go to the market and provides higher returns, the authority has included “many of these” within the National Monetisation Plan.
“We did our InvIT final 12 months for the primary time and had been capable of increase round Rs 8,000 crore by means of 5 tasks for about 400 km. We have one other system, TOT, the place we have now raised about Rs 17,000 crore over the previous couple of years.
With a mixture of toll function switch (TOT) tasks and InvIT, we are going to take a look at extra asset monetisation within the subsequent few months and the following few years,” the NHAI chairperson stated.
Another very profitable experiment has been performed by the NHAI is the creation of the particular objective car for the Delhi-Mumbai expressway growth programme. The SPV has additionally acquired an AAA ranking.
Regarding the Parvatmala programme, which was introduced within the Budget for the present fiscal, far-flung areas of Himachal Pradesh, Uttarakhand, J&Ok and within the North-East could be related by means of the event of ropeways to supply last-minute connectivity. Work for awarding ropeways in Kedarnath and Hemkund has already began, she stated.
Source: www.financialexpress.com”