The Road Transport and Highways Ministry has approved 22 green express highways in Karnataka worth Rs.1.5 tn. This includes a new alignment of the Pune-Bengaluru Express Highway, which will be completed in the next few years at Rs.500 bn.
Delivering his inaugural address at CII’s 10th edition of Excon 2019 in Bengaluru, one of South Asia’s leading construction equipment trade fair, Nitin Gadkari, Minister for Road Transport & Highways, and Micro, Small and Medium Enterprises, Government of India, has said that the prime minister’s vision is to make India a $5 trillion economy.
The expo in Bengaluru, held from December 10-14, spelled big opportunities for the construction equipment sector, offering an expectation of 40 per cent increase in sales for the industry in the near future.
As reported, the National Highways Authority of India (NHAI) received the Union Cabinet’s approval for setting up an infrastructure investment trust (InvIT) – permitting the body to monetise its completed national highways and therefore, fulfil its funding requirements.