Government building expressways, investing Rs 4.5 trn: Gadkari

05 Jul 2023 CW Team

During the event on 'Management Development Program on Infrastructure Financing' organized by IIM Kozhikode, the minister informed that the National Highways Authority of India (NHAI) had raised over Rs 70o billion through various financing methods. He added that this amount would be utilised for the construction of highway projects.

Gadkari explained that the government had conceptualized the Bharatmala Pariyojana, encompassing a 65,000 km highway development plan across the nation. The initial phase of this plan consisted of a road network spanning 34,800 km. As part of this initiative, the government aimed to construct 10,000 km of greenfield expressways, amounting to Rs 4.5 trillion.

The minister stated that the total length of India's National Highway (NH) network had risen from 91,000 km in 2014 to nearly 1.45 lakh km presently.

Furthermore, Gadkari emphasized that the government had made significant efforts to boost the economy through the national infrastructure pipeline and the PM Gati Shakti National master plan. These programs aimed to achieve comprehensive and integrated development in the country, resulting in cost and time savings. The newly established infrastructure projects would also enhance connectivity to remote regions.

Regarding infrastructure investment, the minister highlighted the importance of asset monetisation. He mentioned that NHAI held a 27% share under the national monetization pipeline. Additionally, the government was pursuing various models of monetization for national highways assets, including ToT (Toll-Operate-Transfer), InVIT (Infrastructure Investment Trust), and project-based financing, he stated.

Also read:
Kerala Water Authority to Expand Water Supply Network in Muvattupuzha
Minister unveils Rs 350 million twin sewage projects in Rajkot

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Nitin Gadkari, Union Minister, announced that the government was undertaking the construction of several greenfield expressway projects totalling 10,000 km throughout the country. He stated that the cost of these projects would amount to Rs 4.5 trillion. Gadkari mentioned that these road developments were part of the Bharatmala Pariyojana, a road network initiative. During the event on 'Management Development Program on Infrastructure Financing' organized by IIM Kozhikode, the minister informed that the National Highways Authority of India (NHAI) had raised over Rs 70o billion through various financing methods. He added that this amount would be utilised for the construction of highway projects. Gadkari explained that the government had conceptualized the Bharatmala Pariyojana, encompassing a 65,000 km highway development plan across the nation. The initial phase of this plan consisted of a road network spanning 34,800 km. As part of this initiative, the government aimed to construct 10,000 km of greenfield expressways, amounting to Rs 4.5 trillion. The minister stated that the total length of India's National Highway (NH) network had risen from 91,000 km in 2014 to nearly 1.45 lakh km presently. Furthermore, Gadkari emphasized that the government had made significant efforts to boost the economy through the national infrastructure pipeline and the PM Gati Shakti National master plan. These programs aimed to achieve comprehensive and integrated development in the country, resulting in cost and time savings. The newly established infrastructure projects would also enhance connectivity to remote regions. Regarding infrastructure investment, the minister highlighted the importance of asset monetisation. He mentioned that NHAI held a 27% share under the national monetization pipeline. Additionally, the government was pursuing various models of monetization for national highways assets, including ToT (Toll-Operate-Transfer), InVIT (Infrastructure Investment Trust), and project-based financing, he stated. Also read: Kerala Water Authority to Expand Water Supply Network in MuvattupuzhaMinister unveils Rs 350 million twin sewage projects in Rajkot

Real Estate

26 Jun 2026

AGM Vijaylaxmi launches Sixty3 W.E. Bizpark

AGM Vijaylaxmi Group has launched Sixty3 W.E. Bizpark, a mixed-use commercial development in Goregaon East, Mumbai. The project includes contemporary office spaces and a high-street retail component designed to support businesses, retailers and professionals.Located along the Western Express Highway, Sixty3 W.E. Bizpark is planned as a G+25-storey commercial tower. It offers office spaces ranging from 545 sq ft to 3,200 sq ft, with a 3.60 metre floor-to-floor height aimed at improving spatial comfort, natural light and operational efficiency.The project features a high-street retail boulevard ..

Real Estate

26 Jun 2026

Manglam Group to Develop Sheraton Hotel in Jaipur

Manglam Group has signed an agreement with Marriott International to develop a Sheraton hotel on the Jaipur–Ajmer Highway in Jaipur. The project will feature 220 keys and is being developed with an investment of around Rs 3.5 billion across more than 300,000 sq ft.The hotel marks Manglam Group’s third collaboration with Marriott International and forms part of its Rs 10 billion hospitality investment roadmap. The agreement was signed by Amrita Gupta, Director, Manglam Group and CEO, Manglam Spa and Resorts, and Rajeev Menon, President, Asia Pacific excluding Greater China, Marriott Interna..

Infrastructure Urban

26 Jun 2026

India Warehousing Show 2026 opens at YashoBhoomi

India's warehousing, logistics, and supply chain ecosystem came together as the 15th edition of India Warehousing Show (IWS) 2026 opened at YashoBhoomi, India International Convention & Expo Centre (IICC), Dwarka, New Delhi on June 25 (Thursday). Organised by RX India, the three-day event will run from 25-27 June 2026, bringing together policymakers, industry leaders, technology providers, and supply chain professionals under one roof. It also features a two-day knowledge conference that will run alongside the exhibition. Inaugurated by Pankaj Kumar, Joint Secretary - Logistics, DPIIT..