Gadkari also laid the foundation stones of eight road projects, costing Rs 17,787 crore
Investment in public infrastructure will be essential to pull the economy out of the massive downturn the pandemic has imposed
Constructed by Sher Shah Suri in the 16th century, the original road over the years extended right up to Kabul in Afghanistan (in the west) and Chittagong in Bangladesh (in the east).
Districts and states will not be in a position to sustain the expenditure on the stay of migrant labour so they could instead be used for construction activity
"Mid-career training should be mandatory for promotion of highway engineers to next higher levels," the road transport minister Gadkari said on Tuesday.
Total budgetary allocations to fund the ambitious new highway development programme is estimated at Rs 3,43,045 crore over FY2019-2022 - averaging around Rs 86,000 crore per annum.
New guidelines for BOT projects are being worked out, making developers wait and watch
Gadkari said his ministry and the state have sanctioned 2,300 km of new roads where the Detailed Project Report is ready
Industry experts depend on NHAI's data on awards and execution to draw their projections.
The date has been extended by 15 days to give people more time to enable their vehicles with FASTag
The National Electronic Toll Collection (FASTag) programme has been implemented nationally to remove bottlenecks and ensure seamless movement of traffic
Work on Bundelkhand Expressway, Gorakhpur Link will cost Rs 14,500 crore and create 60,000 new jobs.
The NHAI plan to scrap projects stalled by tardy land acquisition would also help check escalation of costs
The 296-km Bundelkhand Expressway and the 91-km Gorakhpur Link Expressway are estimated to cost Rs 14,849 crore and Rs 5,876 crore
The revision or tweaking of documents for BOT becomes essential in the current scenario as the government moves the focus away from the HAM model
Gadkari said the government might raise funds by issuance of bonds and proposed an attractive rate of return of around 7.5-8 per cent
Many highway projects under the BOT and EPC mode are turning into NPAs due to heavy interest burden on account of delays in projects
The Road Transport and Highways Minister was addressing the media after the signing of an MoU between NHAI and NIIF
This financial year, allocation has been made to the NHAI for major works under the Bharatmala Pariyojana, entrusted to the organisation for execution
The focus on BOT means the project mix in highway construction will change from what it was in the past few years, when BOT formed 2-3 per cent of the mix