Roads ministry seeks nod for Rs.22 trillion highway development plan
ROADS & HIGHWAYS

Roads ministry seeks nod for Rs.22 trillion highway development plan

In a big push for infrastructure development, the road transport and highways ministry has sought Cabinet approval for Rs.22 trillion investments in a highway development plan covering around 30,600 km by 2031-32.

The plan, submitted to the finance ministry and shared with all key ministries last week, includes construction of 18,000 km of expressways and high-speed corridors, decongestion of 4,000 km national highways around cities and building of strategic and international roads.

Around 35 per cent of the investment will come from the private sector. The master plan for highway development has been proposed in two phases.

The Rs.22 trillion estimate is for projects to be taken up in the first phase. Once completed, the average travel speed of trucks on the national highway network will go up to 85 kmph from the current 47 kmph.

The average travel speed on highways is over 100 kmph in the US and 90 kmph in China. The government expects that increasing the average speed will help India achieve its target of reducing logistic costs to 9-10 percent of the GDP.

In a big push for infrastructure development, the road transport and highways ministry has sought Cabinet approval for Rs.22 trillion investments in a highway development plan covering around 30,600 km by 2031-32. The plan, submitted to the finance ministry and shared with all key ministries last week, includes construction of 18,000 km of expressways and high-speed corridors, decongestion of 4,000 km national highways around cities and building of strategic and international roads. Around 35 per cent of the investment will come from the private sector. The master plan for highway development has been proposed in two phases. The Rs.22 trillion estimate is for projects to be taken up in the first phase. Once completed, the average travel speed of trucks on the national highway network will go up to 85 kmph from the current 47 kmph. The average travel speed on highways is over 100 kmph in the US and 90 kmph in China. The government expects that increasing the average speed will help India achieve its target of reducing logistic costs to 9-10 percent of the GDP.

Next Story
Infrastructure Energy

South West Pinnacle Wins Rs 30 Cr Oman Mining Contract

South West Pinnacle Exploration Ltd has secured a Rs 30 crore contract from Minerals Development Oman (MDO) for mining exploration in concession areas 12B and 13.The two-year project will be carried out via Alara Resources LLC, a JV in Oman. MDO, backed by Oman’s investment authorities, focuses on monetising mineral wealth.The contract covers copper, gold, and chromite and highlights South West Pinnacle’s growing footprint in international exploration and mining services. ..

Next Story
Equipment

Godrej GEG Boosts Intralogistics with AI and Green Tech

Godrej Enterprises Group (GEG) is revolutionising warehouse and factory logistics through its Material Handling Equipment and Storage Solutions arms by integrating AI, IoT, and automation.With 20–25% market share and 85% local sourcing, GEG champions Atmanirbhar Bharat and sustainability. The Chennai plant, a green manufacturing leader, uses RoHS-compliant materials and has slashed energy consumption by 60%.GEG serves e-commerce, FMCG, retail, and cold chains with high-performance racking and electric forklifts. Upcoming IoT-enabled forklifts and telematics solutions aim to improve speed, sa..

Next Story
Infrastructure Urban

Amit Shah Inaugurates Key Projects Across Gujarat

Union Home Minister Amit Shah inaugurated and laid the foundation stone for various projects in Gujarat’s Panchmahal district and Ahmedabad.In Godhra, he inaugurated the Center of Excellence building, sports complex, reservoir, and Miyawaki plantation. In Ahmedabad, he unveiled a new cooperative complex in Adaroda village and a primary school in Juwal.These projects, under the Model Co-op Village scheme, aim to boost education, sustainability, and rural development across the state. ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?