Nitin Gadkari: Indian roads to be as good as American by 2024
ROADS & HIGHWAYS

Nitin Gadkari: Indian roads to be as good as American by 2024

India is going through rapid development under PM Modi and the road infrastructure in India shall be as good as the ones in America by 2024, according to Union Minister for Road Transport and Highways, Nitin Gadkari while addressing an industry interaction session held by the Associated Chambers of Commerce and Industry of India (ASSOCHAM).

In the session on the socio-economic vision of India via infrastructure investments, Nitin Gadkari said that agriculture, industry, employment, and infrastructure represent the pillars of growth and development. People can no longer expect just the government to make all investments as there is a need to find innovative financial models for securing the finances of projects. An excellent example and case study is the management of liquid and solid waste in Mathura.

He added that the road sector lacks a dedicated NBFC such as the power sector or Indian railways which needs to be dealt with at the earliest. Insurance funds and pension funds seem like viable options and further tie-ups with foreign funds for accessible loans against the dollar. Therefore an infrastructure-focused NBFC is an urgent requirement.

The government is working towards systematically addressing challenges in infrastructure development, land acquisition being a major obstacle and reason for delay. However, now all projects commence only after executing 80-90% of acquisitions.

Image Source

India is going through rapid development under PM Modi and the road infrastructure in India shall be as good as the ones in America by 2024, according to Union Minister for Road Transport and Highways, Nitin Gadkari while addressing an industry interaction session held by the Associated Chambers of Commerce and Industry of India (ASSOCHAM). In the session on the socio-economic vision of India via infrastructure investments, Nitin Gadkari said that agriculture, industry, employment, and infrastructure represent the pillars of growth and development. People can no longer expect just the government to make all investments as there is a need to find innovative financial models for securing the finances of projects. An excellent example and case study is the management of liquid and solid waste in Mathura. He added that the road sector lacks a dedicated NBFC such as the power sector or Indian railways which needs to be dealt with at the earliest. Insurance funds and pension funds seem like viable options and further tie-ups with foreign funds for accessible loans against the dollar. Therefore an infrastructure-focused NBFC is an urgent requirement. The government is working towards systematically addressing challenges in infrastructure development, land acquisition being a major obstacle and reason for delay. However, now all projects commence only after executing 80-90% of acquisitions. Image Source

Next Story
Infrastructure Transport

GMLR’s First Flyover To Open By May 2026, Says BMC

The Brihanmumbai Municipal Corporation (BMC) has announced that the first flyover of the Goregaon–Mulund Link Road (GMLR) project will be ready for use by May 2026.The GMLR, one of Mumbai’s most ambitious infrastructure ventures, involves a 12.2-kilometre corridor comprising tunnels, flyovers, and interchanges, built at an estimated cost of Rs 140 billion. The project aims to provide a seamless connection between Mumbai’s western and eastern suburbs, drastically reducing travel time and congestion.The first phase features a 1.2-kilometre flyover, beginning near Dindoshi Court and extendi..

Next Story
Infrastructure Transport

Assam Awaits Nod For Rs 60 Billion Brahmaputra Tunnel

Assam’s ambitious Rs 60 billion underwater tunnel project, India’s first to be built beneath a major river, is awaiting Union Cabinet approval, according to a report by The Times of India. The proposed tunnel will connect Numaligarh and Gohpur under the Brahmaputra River, significantly improving road connectivity and strengthening strategic infrastructure near Arunachal Pradesh, which borders China.Estimated to take five years to complete, the project marks a major milestone in India’s transport and defence infrastructure planning. “The Detailed Project Report (DPR) is ready and will s..

Next Story
Infrastructure Energy

Kochi Set To Commission South India’s First Hydrogen Station

Kerala is gearing up to embrace the fuel of the future — green hydrogen, with South India’s first green hydrogen plant and refuelling station nearing commissioning on the Cochin International Airport (CIAL) premises. The project marks a major milestone in India’s clean energy transition and could soon power the Kochi Water Metro and selected e-feeder services of the Kochi Metro.The project is being implemented by Bharat Petroleum Corporation Limited (BPCL) in collaboration with CIAL, featuring a 1,000-kilowatt facility at Nedumbassery. BPCL has also finalised plans for a second hydrogen ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?