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

02 Jul 2024 CW Team

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.

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..