Govt. announces infrastructure projects worth ₹7 trillion for next 2-3 years

Union minister for road transport and highways Nitin Gadkari while addressing the National Conference on Investment Opportunities in Highways, Transport and Logistics invited investors and urged them to take advantage of the diverse opportunities spanning asset classes in the infrastructure sector, including highways, multimodal logistics parks, wayside amenities, ropeways, and warehousing zones.
At the conference, Gadkari said, “The internal rate of return in the road sector is very high and, hence, there is no need to worry about economic viability.”
He informed that the government has addressed the early delays due to land acquisition, and now, projects are not awarded before 90% of land acquisition is complete and environment clearances are obtained.
Highlighting the benefits of projects under the Bharatmala program Gadkari said, “Travel time from Mumbai to Delhi, via road, will go down from 48 to 12 hours in one year; road and multimodal infrastructure projects will reduce logistics costs and boost manufacturing, increase exports and help the economy grow.”