India To Revive 34 Highway Projects

The Highways Ministry has shown signs to revive 34 highway projects, worth over INR 26,000 crores in its presentation to the Prime Minister of India, Narendra Modi.

The project includes over 4,084 km of roads, which will be restructured or converted to engineering procurement and construction (EPC) from public-private partnership.

Five projects have been handed over to the concerned state governments, while the other 18 projects will be given to (EPC).

A senior official from the National Highways Authority of India said, "The ministry can sanction projects up to Rs 1,000 crore in EPC mode without the cabinet approval. The strategy now is to divide projects into smaller parcels wherever possible and speed up the execution."

The Prime Minister has set a target of constructing 8,500 km of highways by March next year. During 2013-14, there was a target set for 9,638 km, but only 3,169 km was sanctioned by the previous government.

36 highway projects were scrapped in the last two years by the government. Land acquisition problems, increasing costs and clearances were main reasons for the delay in projects.

Click to compare, buy, and renew Car Insurance online

Buy InsuranceBuy Now

Story first published: Friday, November 7, 2014, 14:51 [IST]
Please Wait while comments are loading...

Latest Wallpapers