Roads projects to be executed the EPC route
ROADS & HIGHWAYS

Roads projects to be executed the EPC route

The Minster of Road, Transport and Highways Nitin Gadkari has been quoted in a leading newspaper confirming that the focus will be more on EPC projects at the moment.

The ministry is prioritising asset monetisation and EPC, which will be entirely funded by the government. It is believed that this will enable faster monetisation of projects.

As reported, National Highways Authority of India (NHAI) has set itself a target of awarding 4,500 km of road projects in the current financial year. While projects awarded this year on the EPC mode total to 1,700 km, projects with a cumulative length of around 2,000 km are to be awarded on the HAM basis.

In the case of HAM projects, 40 per cent of the construction cost comes from the government and the remaining spends from the developer. Here, the government is also accountable for land acquisition and told collection.

As the roads sector has not been receiving a good response in terms of private investment, reportedly market watchers have also agreed on the viability of the EPC mode in terms of monetisation. The minister has been quoted on plans to increase the toll income to Rs 1 trillion annually from the current Rs 40,000 crore. As reported, in order to generate revenue, NHAI will allow oil marketing companies to set up petrol pumps along national highways, through wayside amenities. In terms of roads construction target, the aim is to construct 8,000-10,000 km by March this year. Following this, road construction would have reached around 7,000 km so far this fiscal.

With 10,800 km constructed in the financial year, FY19 witnessed the highest ever pace of road construction. Going forward, electric highways is reported to be on the priority list along with churning new modes of generating toll revenue.

The Minster of Road, Transport and Highways Nitin Gadkari has been quoted in a leading newspaper confirming that the focus will be more on EPC projects at the moment. The ministry is prioritising asset monetisation and EPC, which will be entirely funded by the government. It is believed that this will enable faster monetisation of projects.As reported, National Highways Authority of India (NHAI) has set itself a target of awarding 4,500 km of road projects in the current financial year. While projects awarded this year on the EPC mode total to 1,700 km, projects with a cumulative length of around 2,000 km are to be awarded on the HAM basis. In the case of HAM projects, 40 per cent of the construction cost comes from the government and the remaining spends from the developer. Here, the government is also accountable for land acquisition and told collection.As the roads sector has not been receiving a good response in terms of private investment, reportedly market watchers have also agreed on the viability of the EPC mode in terms of monetisation. The minister has been quoted on plans to increase the toll income to Rs 1 trillion annually from the current Rs 40,000 crore. As reported, in order to generate revenue, NHAI will allow oil marketing companies to set up petrol pumps along national highways, through wayside amenities. In terms of roads construction target, the aim is to construct 8,000-10,000 km by March this year. Following this, road construction would have reached around 7,000 km so far this fiscal. With 10,800 km constructed in the financial year, FY19 witnessed the highest ever pace of road construction. Going forward, electric highways is reported to be on the priority list along with churning new modes of generating toll revenue.

Next Story
Infrastructure Transport

Mumbai-Ahmedabad Bullet Train Set to Launch by 2028

India’s first bullet train is set to revolutionize high-speed travel along the western corridor, with the Mumbai-Ahmedabad high-speed rail project aiming for a 2028 launch. This announcement marks a major milestone in India’s infrastructure goals, as it promises to reduce travel time between the two economic hubs from eight hours to just three.Spanning a planned 508-kilometre stretch, the corridor stands as a flagship example of Indo-Japanese collaboration in technology and engineering. Once operational, the train is expected to transform intercity mobility and place India among the select..

Next Story
Infrastructure Transport

Mumbai-Gandhinagar Train Service Enhances Passenger Capacity

The Mumbai Central–Gandhinagar Capital Vande Bharat Express has increased its passenger capacity by adding four additional AC chair car coaches to meet the growing commuter demand on one of India’s busiest business corridors. This upgrade, effective from 11 May, raised the train’s seating capacity from 1,128 to 1,440 passengers, allowing it to serve 936 more passengers daily in both directions. The increase was described as a practical measure to accommodate the surging demand on the busy Mumbai–Ahmedabad–Gandhinagar route, which regularly operates at over 150 percent seat occupancy...

Next Story
Infrastructure Urban

Delhi Plans 12 Sewage Plants to Clean Najafgarh Drain Efficiently

Delhi’s ambitious plan to improve the water quality of the Yamuna River has gained significant momentum as the Delhi Jal Board (DJB) has begun work on 12 new sewage treatment plants (STPs) aimed at reducing the volume of untreated sewage being discharged from the Najafgarh Drain.This initiative forms part of the ongoing efforts to clean the Yamuna and restore the river’s health, which has long been a critical environmental issue for the national capital. Given the alarming pollution levels in the Yamuna, experts and officials consider this project a vital step toward addressing the persist..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?