Nifty99000 100%

Sensex99000 100%

Article rating: 5.0
Article rating: 5.0
Article rating: No rating
Article rating: 4.5
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: 4.8
Article rating: 5.0
Article rating: 3.0
Article rating: No rating
Article rating: 5.0
Article rating: No rating


Gadkari announces plan to develop 2 lakh km of highways

Author: IANS/Monday, March 26, 2018/Categories: Infrastructure

Gadkari announces plan to develop 2 lakh km of highways

Bengaluru, March 24 - India plans to develop 2 lakh km of highways and 12 expressways across the country, said Union Road Transport & Highways Minister Nitin Gadkari on March 24.

"The Central government plans to develop 2 lakh km of highways and 12 expressways across the country with the help of state governments," he said at an industry summit on 'The Emerging New Growth Paradigm', organised by the Confederation of Indian Industry (CII).

Noting that progress in the road sector was growing at 28 km per day in this fiscal, Gadkari said the target would be 40 km per day in 2018-19.

"Our government has signed work contracts for projects valued at Rs 850,000 crore for roads, ports, shipping, water resources in the coming years," Gadkari told top executives of India Inc at the day-long event.

In Karnataka's context, the minister said work on a new highway between Bengaluru and Mysuru at a cost of Rs 7,000 crore commenced on March 24, and work on the Rs 16,000 crore expressway project between Bengaluru and Chennai is expected to start in early April.

For developing the Karwar port in Karnataka, the minister said the Central government would spend Rs 3,000 crore on its projects if the state government agreed to give the required land.

Advocating waterways as a means of cheaper logistical option, Gadkari said the government had called upon the state-run Hindustan Aeronautics Ltd (HAL) to form a joint venture to manufacture seaplanes.

"There is a need for 10,000 seaplanes over the next two years to ferry people and goods using them on waterways across the country," reiterated Gadkari in the presence of HAL Chairman T. Suvarna Raju at the summit.

Stressing on the need to check pollution, he urged the automobile sector to produce vehicles that run on electricity and alternate fuels like ethanol and methanol from agriculture waste, as conversion of waste into wealth is the future.

Admitting that water conservation was a major concern in the country, Gadkari, who is also in charge of Water Resources, said planning than its shortage was the real issue.

"Our government has decided to solve the water problems in Punjab, Haryana and Rajasthan by utilising water from rivers flowing into Pakistan," he noted.

The government has also introduced a scheme where water will reach farmlands using pipe system than canals, avoiding land acquisition costs to the tune of Rs 6,000 crore.

The summit also deliberated on key areas including regulatory excellence, sustainability and diversity, global shocks, carbon footprint reduction commitment, diversity, job creation, industry 4.0, new-gen technologies, future of work and next generation leadership.

Print Rate this article:
No rating

Number of views (142)/Comments (0)

Kavita Giridhar Mallya


Other posts by IANS
Contact author

Leave a comment

Add comment



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



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