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Road infrastructure in India to witness mega push in 2022
04 Jan 2022 CW Team
In 2022, India’s road sector will witness tremendous growth as there will be more stretches of national highways, granting and completion of numerous projects and fundraises in 2022, making it a better year than the passing one.
The 2022 radar will additionally witness an integrated multi-modal national network of transportation and logistics, connectivity with remote and tough terrains, decongestion of significant points in the road network and steering ahead with the voluntary vehicle scrappage policy, Road Transport Secretary Giridhar Aramane told the media. In the present fiscal, the Road Transport and highways ministry strives to build 40 km of national highway per day. The goal targeted by the ministry is higher than the record development of 37 km daily during the 2019-20 period. As per Aramane, the accomplishment by the Ministry can be much more than the current fiscal year. Additionally, the Ministry has a pipeline for awards in 2022 under the Bharatmala Pariyojna and the National Highway general programme. Projects have been recognised by the ministry which needs to be presented next year under the Bharatmala Pariyojna. Concerning road assets’ monetisation, Aramane noted that all the roads developed by the state agencies are monetised for a short period, ranging from 1 to 3 years, or for a longer tenure spanning 15 to 25 years. As soon as the ministry finishes road construction, MoRTH will toll it for a year if the market outlook is not good. The Ministry will do it for three years or under the Infrastructure Investment Trust or the Toll Operate Transfer model if the appetite is good. He additionally said that the Modi government is thinking of securitising Delhi-Dehradun and Delhi-Amritsar-Katra Expressway projects. The ministry is planning securitisation of the Raipur–Visakhapatnam NH project, which is going to be India’s first mineral highway in terms that it holds most of the mineral created in Chhattisgarh, Odisha and Jharkhand to Visakhapatnam port as well as other economic hubs. Image SourceAlso read: Nitin Gadkari inaugurates Rs 4,160 cr road projects in Uttar Pradesh
