A total of 116,496 road accidents occurred on national highways, including expressways, in 2020, causing 47,984 deaths, Parliament was informed
The Road Transport and Highways Minister said that there is a huge opportunity for investors in India's infrastructure sector as the traffic density is rising every year
Gadkari emphasised on infrastructure development for employment generation and economic prosperity
Union Minister Nitin Gadkari urged investors to invest more in infrastructure projects for good returns.
Union Minister Nitin Gadkari on Friday called upon investors to take up road projects as they offer "very high" internal rate of return, ensuring their economic viability. Assuring investors that their investments are safe, the road transport and highways minister said the possibility of any project getting stalled is nil now. "The internal rate of return in the road sector is very high and so there is no need to worry about their economic viability," Gadkari said while addressing a national conference on investment opportunities in highways, transport and logistics. Recalling his stint as the Public Works Department (PWD) minister in the first Shiv Sena-BJP government in Maharashtra in the early 1990s, he said even in those days money was never a problem to fund infrastructure as he could successfully raise funds and build the Mumbai-Pune Expressway with public money, which then went on to become a model for infrastructure financing. "When Reliance submitted the tender for the ...
He was speaking at a national conference on investment opportunities in highways, transport and logistics
Nitin Gadkari will chair National Conference on 'Investment Opportunities in Highways, Transport and Logistics' in Mumbai on Friday.
Road Transport and Highways Minister Nitin Gadkari said private sector investment in road construction in 2020-21 and 2019-20 was Rs 12,475.53 crore and Rs 21,925.98 crore, respectively
The Road Transport and Highways minister said the country has set several world records in road construction despite Covid
The minister said 49 projects in about 4,970 km costing about Rs 113,000 crore are in various stages of progress and are targeted for completion by 2023-24
Gadkari further said there is a need to reduce delay in the decision making process
A total of 47,984 people died due to road accidents on National Highways, including on expressways, during calendar year 2020, Parliament was informed on Thursday. In a written reply to the Lok Sabha, Minister of Road Transport and Highways Nitin Gadkari said as many as 53,872 persons died due to road accidents on National Highways, including on expressways, in 2019. Gadkari said the major causes of accidents on the National Highways (NHs) are vehicle design and condition, road engineering, over-speeding, drunken driving/ consumption of alcohol & drug, driving on wrong side, jumping the red light, use of mobile phone, etc. He also said the ministry has issued guidelines for improving the road safety through road safety audits at all stages (design stage, construction stage and O&M stage) by engaging independent road safety experts. Replying to a separate question, Gadkari said during the oxygen crisis in March-April 2021, shortage of technically qualified trained drivers .
Union Minister Nitin Gadkari on Thursday said that he envisions to "create value from waste" and is planning to use green hydrogen to run buses, trucks, and cars in Indian cities.
Gadkari said NHAI has identified 5,500 km, 7,300 km and 8,900 km length of National Highways (NHs) stretches for monetisation, respectively, in 2022-23, 2023-24 and 2024-25
He said a new national highway, to be constructed at a cost of Rs 40,000 crore, will link Surat in western state of Gujarat to South India
Gadkari said farmers should turn to ethanol production instead of growing conventional crops, as this will improve profitability and provide green fuel to the country
The road map of the central government for Jammu and Kashmir will provide freedom to the people of the Union territory from poverty and unemployment, Union Minister Nitin Gadkari on Wednesday said
Union minister Nitin Gadkari on Wednesday termed allegations that road construction triggered landslides in Uttarakhand as 'misinformation' and asserted that the government is sensitive about ecology
Union Road Transport Minister Nitin Gadkari on Tuesday said that the Centre's mission is to increase the turnover of the automobile industry to Rs 15 lakh crore within the next five years."The current turnover of the automobile sector of the country is Rs 7.5 lakh crore, out of which Rs 3 crore is export. My aim is to make the auto industry to the volume of Rs 15 lakh crore within the next five year, " Gadkari said as he inaugurated Maruti Suzuki and Toyota Tsusho Group's government-approved scrapping in Greater Noida.Recently, Prime Minister Narendra Modi at the COP26 summit said India is aiming for net zero carbon emissions by 2070.Gadkari said that for this purpose, the government was encouraging the usage of CNG, LNG, green hydrogen, ethanol fuels and electric vehicles."Our current import of fossil fuel is currently Rs 8 lakh crores and it will reach Rs 25 lakh crores in the next five years. We are working constantly on the diversification of agriculture towards energy and power ..
The scrappage policy will be one of the key factors to control pollution and create jobs, Union Minister Gadkari said