India Aims for 13,814km Highway Construction in 2023-24
By Rediff Money Desk, NEWDELHI Jan 05, 2024 16:07
India's Ministry of Road Transport and Highways is confident of achieving a 13,814km highway construction target for the current fiscal year, with progress exceeding last year's figures.
New Delhi, Jan 5 (PTI) The Ministry of Road Transport and Highways (MoRTH) is confident of achieving the highways construction target of 13,814 kilometres for the current fiscal, its secretary Anurag Jain said on Friday.
Addressing a press conference, Jain further said the total length of national highways in India increased 60 per cent to 1,46,145 km till December 2023, from 91,287 km in 2014, since the Narendra Modi government came into power.
"The pace of highway construction in 2023-24 so far has been better than last year, and we are confident of achieving the 13,814-km highway construction target during the current fiscal," he said.
Up to December 31, 2023, the ministry has built 6,217 km of national highway, higher than last year's 5,774 km for the same period.
According to him, the government is planning to award 10,000 km of national highway projects in 2023-24.
Jain also said that the government has asked companies to prepare detailed project reports (DPR) for unawarded identified projects to increase the pace of awarding in 2023-24.
He said the total length of four-lanes and above national highways (NHs) increased by 2.5 times to 46,179 km in December 2023 from 18,387 km in 2014.
While the total length of high-speed corridors in 2014 was 353 km, which increased to 3,913 km in 2023, the total length of less than 2-lane national highways decreased from 30 per cent (2014) to 10 per cent of national highway network in 2023.
Jain also said the road ministry has constructed 6,217 km of national highways up to December in 2023-24.
He noted that expenditure on the ministry's highways construction expenditure is expected to increase by 9.4 times to Rs 3.17 lakh crore in 2023 from 2014.
Jain said under the Vehicle Scrapping Policy, 44 registered vehicle scrapping facilities (RVSFs) are operational in India, while concession and motor vehicle tax was announced by 19 states/ Union Territories.
As many as 49,770 vehicles were scrapped till date under the Vehicle Scrapping Policy, he added.
Jain said state-owned NHAI has collected Rs 18,450 crore as toll till December in the current financial year.
Addressing a press conference, Jain further said the total length of national highways in India increased 60 per cent to 1,46,145 km till December 2023, from 91,287 km in 2014, since the Narendra Modi government came into power.
"The pace of highway construction in 2023-24 so far has been better than last year, and we are confident of achieving the 13,814-km highway construction target during the current fiscal," he said.
Up to December 31, 2023, the ministry has built 6,217 km of national highway, higher than last year's 5,774 km for the same period.
According to him, the government is planning to award 10,000 km of national highway projects in 2023-24.
Jain also said that the government has asked companies to prepare detailed project reports (DPR) for unawarded identified projects to increase the pace of awarding in 2023-24.
He said the total length of four-lanes and above national highways (NHs) increased by 2.5 times to 46,179 km in December 2023 from 18,387 km in 2014.
While the total length of high-speed corridors in 2014 was 353 km, which increased to 3,913 km in 2023, the total length of less than 2-lane national highways decreased from 30 per cent (2014) to 10 per cent of national highway network in 2023.
Jain also said the road ministry has constructed 6,217 km of national highways up to December in 2023-24.
He noted that expenditure on the ministry's highways construction expenditure is expected to increase by 9.4 times to Rs 3.17 lakh crore in 2023 from 2014.
Jain said under the Vehicle Scrapping Policy, 44 registered vehicle scrapping facilities (RVSFs) are operational in India, while concession and motor vehicle tax was announced by 19 states/ Union Territories.
As many as 49,770 vehicles were scrapped till date under the Vehicle Scrapping Policy, he added.
Jain said state-owned NHAI has collected Rs 18,450 crore as toll till December in the current financial year.
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- IFL Enterprises
- 1.36 (+ 4.62)
- 95510990
- Franklin Industries
- 3.90 (+ 4.56)
- 27302785
- Vodafone Idea L
- 16.16 ( -3.75)
- 21146179
- Indian Renewable
- 258.95 ( -4.89)
- 14148327
- AvanceTechnologies
- 0.90 ( -1.10)
- 11438895
MORE NEWS
Indian Markets Turn Negative After Record Highs
Indian stock markets experienced volatility on Thursday, turning negative after...
ASK Property Fund Invests Rs 190 Cr in...
ASK Property Fund has invested Rs 190 crore in a real estate project being developed by...
Japan Trade Deficit Shrinks as Exports Rebound
Japan's trade deficit narrowed in the first half of 2023, driven by a recovery in...