Road sector ready for ‘better’ days with more highway stretches and new projects while driving into 2022

The Ministry of Road Transport and Highways (MoRTH) has an aim to make 40 km of national highway every single day in the current fiscal.

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Road sector ready for 'better' days with more highway stretches and new projects while driving into 2022

‘All-weather terrain’ may properly be a befitting description for the nation’s street quarter. Weathering the pandemic-caused twists and turns, the arena will see extra stretches of country-wide highways, of completion as well as awarding of multiple initiatives and fund increases in 2022, making it a “better” year than the passing one.

Connectivity with remote and hard terrains, decongesting essential points in the road network and included the multi-modal national community of transportation and logistics, and guidance beforehand with the bold voluntary vehicle scrappage policy even are at the 2022 radar.

Also Read: Strategy for the road to greater 10 million EMPLOYMENT, post-COVID – Secured Techno-Economic Growth of Tamil Nadu

“Next calendar year is going to be better (in terms of national highways construction) than the current year… next year, we are hoping that many of the projects which are being bid out, awarded this year, and which have come to a certain stage, will be completed,” GiridharAramane who is the Union Road Transport Secretary told PTI.

While the pandemic ravaged many a sector at special factors of time in the ultimate almost last two years, the street zone grappled with limitations but the progress in terms of countrywide highway construction became stellar.

The Ministry of Road Transport and Highways (MoRTH) has an aim to make 40 km of national highway every single day in the current fiscal. The aim is higher than the record construction of 37 km daily during the period of 2019-20.

“Our achievement can be much more than the current financial year. We also have a pipeline for awards next year under the Bharatmala Pariyojna and under the National Highway general program,” Aramane stated in an interview.

MoRTH has acknowledged projects which require to be offered next year under the BharatmalaPariyojna.

“Many of them are important greenfield projects and many others are under the National Infrastructure Pipeline (NIP),” he stated and emphasized these projects will certainly help provide “logistic efficiency to the Indian economy”.

“We have identified the congestion points in the country, which need to be cleared and also the economic centers, which have huge traffic flow between them. So, they have to be connected with efficient roads,” he stated.

In regard to monetization of road assets, the secretary mentioned out that all the roads built by the state agencies are examined for a short term, ranging from 1-3 years, or for a longer tenure for 15-25 years.

“So, as soon as we complete the building of a road, we will toll it for one year, if the market outlook is not good. If the appetite is good, we will do it for 3 years or under the Infrastructure Investment Trust (InvIT) or under the Toll Operate Transfer (ToT) model…” he stated.

The National Highway Authority of India’s (NHAI) first InVIT increased more than Rs 5,000 crore this year.

Regarding the proposed second InVIT, Aramane stated, “we are planning a small one, around Rs 2,500-3,000 crore. We are in the process of preparing for the issue.”

The secretary even stated that the government is thinking of securitizing Delhi-Dehradun Expressway and Delhi-Amritsar-Katra Expressway.

“We are also thinking of securitization of Raipur-Visakhapatnam national highway project, which is going to be the first mineral highway in the country in terms that it carries most of the mineral produced in Chhattisgarh, Odisha, and Jharkhand to Visakhapatnam port and other economic centers,” he stated.

At the same time as works persevered on the distinctive country-wide toll road tasks and tunnels at excessive velocity, along with Delhi-Mumbai throughway, Bangalore-Chennai limited-access highway, and Zojila tunnel, basis stone changed into additionally laid for the Delhi-Dehradun parkway and different projects. The Delhi-Dehradun parkway, once operational, will appreciably reduce the journey time among Dehradun and the national capital.

MoRTH is even working to construct an integrated multi-modal national network of transportation and logistics as a part of the PM GatiShakti-National Master Plan.

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Road sector ready for 'better' days with more highway stretches and new projects while driving into 2022
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The Ministry of Road Transport and Highways (MoRTH) has an aim to make 40 km of national highway every single day in the current fiscal.
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THE POLICY TIMES
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