Nifty99000 100%

Sensex99000 100%

Article rating: 4.0
Article rating: 3.7
Article rating: 5.0
Article rating: 4.0
Article rating: 4.5
Article rating: 3.8
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
RSS

News

Centre to build 15,000 km national highways this fiscal: Minister

Author: IANS/Friday, July 21, 2017/Categories: Infrastructure

Centre to build 15,000 km national highways this fiscal: Minister

New Delhi, July 20 (IANS) - The government has set a target of constructing 15,000-km of national highways during the current fiscal, Minister of State for Road Transport and Highways Pon Radhakrishnan said. Of this, 2,269 km roads have already been completed by June 30, the Minister added.

According to the data shared by him, 8,231 km national highways were constructed in 2016-17 at the rate of over 22 km per day.  "To expedite completion of these projects, various steps are taken, including streamlining of land acquisition and environment clearances, exit for equity investors, close coordination with other ministries, revamping of dispute resolution mechanism and frequent reviews at various levels," he said. 

The minister also said that "in-principle" approval had been granted to convert 51,300 km length of state roads as new highways. 

The criteria for the conversion includes roads running through the length and breadth of the country, connecting adjacent countries, national capital with state capitals, mutually the state capitals, major ports, large industrial centres or tourist centres, roads meeting very important strategic requirement in hilly and isolated areas. The total length of highways in the country till March 31, 2014 was about 91,287 km, which has been enhanced to about 1,15,435 km at present. 

The Ministry has also taken up a detailed review of the highways network with a view to develop road connectivity to border areas, development of coastal roads, improvement in the efficiency of National Corridors and development of Economic Corridors under the proposed Bharatmala Pariyojana. 

On June 16 the Public Investment Board recommended the proposal for Phase-I of Bharatmala Pariyojana for consideration of the Cabinet Committee on Economic Affairs (CCEA) for investment approval.

Print Rate this article:
No rating

Number of views (191)/Comments (0)

S Vijaykrishnan
S Vijaykrishnan

IANS

Other posts by IANS
Contact author

Leave a comment

Name:
Email:
Comment:
Add comment

Name:
Email:
Subject:
Message:
x

Videos

Ask the Finapolis.

I'm not a robot
 
Dharmendra Satpathy
Col. Sanjeev Govila (retd)
Hum Fauji Investments
 
The Finapolis' expert answers your queries on investments, taxation and personal finance. Want advice? Submit your Question above
Want to Invest
 
 

Categories

Disclaimer

The technical studies / analysis discussed here can be at odds with our fundamental views / analysis. The information and views presented in this report are prepared by Karvy Consultants Limited. The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither Karvy nor Karvy Consultants nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document. The author, directors and other employees of Karvy and its affiliates may hold long or short positions in the above mentioned companies from time to time. Every employee of Karvy and its associate companies is required to disclose his/her individual stock holdings and details of trades, if any, that they undertake. The team rendering corporate analysis and investment recommendations are restricted in purchasing/selling of shares or other securities till such a time this recommendation has either been displayed or has been forwarded to clients of Karvy. All employees are further restricted to place orders only through Karvy Consultants Ltd. This report is intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities.

Subscribe For Free

Get the e-paper free