Indian Govt To Invest 5 Lakh Crores In 5 Years To Build Roads

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Nitin Gadkari, Minister of Road Transport, Highways and Shipping said that the NDA government is implementing a plan to invest INR 5 lakh crores towards building better roads in India in the next five years.

The government, instead of building a mere 2 km stretch a day, will build stretches up to 30 km a day for the next two years.

The government will give the Public-Private-Partnership (PPP) full support, including lower interest taxes for private sector's involvement towards developing the infrastructure.

According to Gadkari, the government is strongly focusing to reduce the number of road accidents, which is very high at the moment. He said, "We want to improve quality of roads. We are sincere and determined to reduce accident deaths."

The government would like to to make road journeys safer with the aid of technology, and is making the Motor Vehicle Act to be more transparent and simplified for licensing and road permits.

Safer and better quality roads will reduce the accident numbers on Indian roads. Currently, out of five lakh road accidents that take place, about 1.50 lakh people lose their lives. This number is what the government is looking at reducing significantly.

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Story first published: Friday, January 16, 2015, 12:27 [IST]
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