Union Minister Nitin Gadkari said on Thursday that the National Highways Authority of India (NHAI) is working on a plan to raise one lakh crore rupees by raising the national highways on the market in the next five years. He asked the industries to come forward in this matter and take advantage of it by investing.
Gadkari, who holds the responsibility of the Ministry of Road Transport and Highways and Micro Small and Medium Enterprises (MSME), said that this will accelerate growth and the fund can be used to fund robust infrastructure facilities. In a CII program, he said that NHAI plans to raise one lakh crore rupees in the next five years by rolling out highways on the market through toll collection and transfer.
Highway will be leased
The minister said that the sale or lease of property on the market is a good business opportunity for the industries and on the other hand it will help the government to extract the value of the investment made in infrastructure. He said, “It is beneficial for the industries as well as the government”. This will help in promoting the infrastructure in the country.
Investment in infra sector will accelerate
NHAI has been authorized to market public-funded national highway projects on TOT basis which have been in operation for at least one year and where toll collection is being done. Gadkari said that the plan to put national property on the market was an important initiative. This will act as a catalyst for long-term investment in the infrastructure sector.
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