Road projects worth Rs 25 lakh crore to be developed

07 Dec 2020 Editorial Team

According to the government, Rs 25 lakh crore worth of road projects will be developed as part of the Rs 100 lakh crore infrastructure building programme that was declared by Prime Minister Narendra Modi. These schemes comprise revamping the models of asset monetisation as well as establishing SPVs for the Rs 1 lakh crore worth Delhi-Mumbai Corridor Project. Roads minister Nitin Gadkari was quoted in a PTI report saying that last week that he has cleared two large highway projects worth Rs 65,000 crore including the Amritsar-Ajmer express highway project worth Rs 35,000 crore.

To attract a higher number of investments in the asset monetisation programme, a revision of the model has been undertaken in alignment with the department of disinvestment model which has allowed for the realistic price discovery of an asset. As per the Indian roads minister Nitin Gadkari, the facilitation of the infrastructure debt funds ensures their participation in the asset’s direct financing under monetisation.

Under the Bharatmala initiative, the SPV national highways logistics management company has been put in place for a total of 35 logistics parks. Manoj Kumar, a member of NHAI, acts as their chairman.

To help existing partners in the road and construction sector deal with financial and logistic woes stemming from the slowing down of the economy, they have been granted sizable financial relief packages, added the Minister.

Infrastructure Transport

17 Oct 2025

Sonowal Unveils Eight Projects at NMPA’s Golden Jubilee

Union Minister for Ports, Shipping and Waterways, Shri Sarbananda Sonowal, inaugurated the Curtain Raiser Ceremony of the Golden Jubilee Celebrations of the New Mangalore Port Authority (NMPA) at Bharat Mandapam. To commemorate the milestone, he unveiled eight major maritime infrastructure projects designed to strengthen India’s port network, enhance logistics performance, and promote sustainability. These include a modern cruise terminal, new covered storage facilities, a 150-bed multi-speciality hospital, expanded truck terminals, and improved port access infrastructure aimed at enhancing..

India To Boost US LPG Imports, Cut Middle East Reliance

India is planning to reduce imports of liquefied petroleum gas (LPG) from the Middle East as state-owned refiners prepare to ramp up purchases from the United States, according to sources familiar with the matter. The move aligns with New Delhi’s efforts to expand energy cooperation and secure a broader trade deal with Washington. State refiners have already notified their traditional LPG suppliers in Saudi Arabia, the United Arab Emirates, Kuwait and Qatar of the potential reduction in imports. Although the exact size of the supply cut was not disclosed, earlier reports suggested that Indi..

UK Sanctions Nayara Energy in Crackdown on Russian Oil

The United Kingdom has announced fresh sanctions on 90 entities, including Indian refiner Nayara Energy Limited, in its latest bid to curb Russian oil revenues and weaken President Vladimir Putin’s war funding. The sanctions, unveiled jointly by the Foreign, Commonwealth and Development Office (FCDO) and the UK Treasury, aim to disrupt networks supporting Moscow’s crude exports amid the ongoing war in Ukraine. According to the FCDO, the new restrictions are intended to “strike at the heart of Putin’s war funding” by targeting firms and assets that enable Russia’s energy trade. “..