Nitin Gadkari urges US to invest in India's road sector

06 Sep 2021 CW Team

Nitin Gadkari, the minister of union road transport and highways, came in contact with the US insurance and pension funds, requesting them to invest in the road sector of India.

The minister informed that GatiShakti would give a framework for integrated infrastructure development in the country.

While addressing the 29th AGM of the American Chamber of Commerce, Gadkari revealed that over the next five years, the ministry was planning to collect $15 billion via the monetisation of highways.

He said that they could give good returns and huge economically potential projects. He also said that India contributed extensive viability and economic potential for insurance and pension funds.

Finance minister Nirmala Sitharaman introduced the national asset monetisation plan. Under the National Monetisation Pipeline (NMP), the centre plans to raise $81 billion in four years.

The road sector, which covers nearly 26,700 km of assets, would be considered for monetisation. It would be worth Rs 1.60 lakh crore.

Image Source

Also read: Maldives inks pact with AFCONS for Greater Male Connectivity Project

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..