Govt to roll out Rs 2 lakh cr infra projs this year: Gadkari
12/09/2014 17:29
After launching highway projects worth Rs 1.5 lakh crore that were stuck on account of various regulatory hurdles, the government is all set to roll out Rs 2 lakh crore worth of infrastructure projects this year, Road Transport and Highways Minister Nitin Gadari said.
"We have cleared bottlenecks. It is easy to construct express highways but difficult to get environment clearance. However, we are removing hurdles. We have cleared projects worth Rs 1.5 lakh crore. Now this year we will launch projects worth Rs 2 lakh crore," Gadkari said addressing the annual convention of Society of Indian Automobile Manufacturers )SIAM).
Gadkari said his Ministry was also looking to build 200,000 km of roads under public-private-partnership (PPP) mode which includes widening of existing 100,000 km of highways, according to the media reports.
"We are fast-tracking the decision making and weeding out corruption and red-tapism from government functioning besides introducing innovation," he said.
There is no dearth of money to fund the projects and the Ministry if need be can garner more funds through securitisation of toll revenue which amounted to about Rs 1.8 lakh crore in 15 years besides raising funds through infrastructure bonds worth Rs 10,000 crore.
A number of steps, he said, has been initiated to bring in wide reforms in the highways sector including launch of 350 electronic toll plazas by December and building amenities for drivers and commuters on every 50 km stretch for which bids have already been floated for consultancy and design of 270 such facilities.
He said the draft for the new Motor Vehicles legislation expected to be passed in the upcoming Winter Session will be launched on Website by tomorrow seeking suggestions from stakeholders.
12/09/2014 17:29
After launching highway projects worth Rs 1.5 lakh crore that were stuck on account of various regulatory hurdles, the government is all set to roll out Rs 2 lakh crore worth of infrastructure projects this year, Road Transport and Highways Minister Nitin Gadari said.
"We have cleared bottlenecks. It is easy to construct express highways but difficult to get environment clearance. However, we are removing hurdles. We have cleared projects worth Rs 1.5 lakh crore. Now this year we will launch projects worth Rs 2 lakh crore," Gadkari said addressing the annual convention of Society of Indian Automobile Manufacturers )SIAM).
Gadkari said his Ministry was also looking to build 200,000 km of roads under public-private-partnership (PPP) mode which includes widening of existing 100,000 km of highways, according to the media reports.
"We are fast-tracking the decision making and weeding out corruption and red-tapism from government functioning besides introducing innovation," he said.
There is no dearth of money to fund the projects and the Ministry if need be can garner more funds through securitisation of toll revenue which amounted to about Rs 1.8 lakh crore in 15 years besides raising funds through infrastructure bonds worth Rs 10,000 crore.
A number of steps, he said, has been initiated to bring in wide reforms in the highways sector including launch of 350 electronic toll plazas by December and building amenities for drivers and commuters on every 50 km stretch for which bids have already been floated for consultancy and design of 270 such facilities.
He said the draft for the new Motor Vehicles legislation expected to be passed in the upcoming Winter Session will be launched on Website by tomorrow seeking suggestions from stakeholders.
