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Business/Economy
Road Infrastructure in India-Few Points
1-India has the second largest road network across the world at 4.7 million km.
This road network transports more than 60 per cent of all goods in the country and 85 per cent of India’s total passenger traffic.
2-Government of India has set earmarked 20 per cent of the investment of US$ 1 trillion reserved for infrastructure during the 12th Five-Year Plan (2012–17) to develop the country’s roads.
3-Under the Pradhan Mantri Gram Sadak Yojana (PMGSY), 133-km roads per day in 2016-17 were constructed as against a 2011-14 average of 73-km per day.
4-Power Finance Corporation Limited (PFC) has provided a financial assistance of Rs 13 crore (US$ 1.94 million) and collaborated with National Green Highways Mission (NGHM) under National Highways Authority of India (NHAI) for plantations work on NH7 in Nagpur region under their ‘Adopt a Green Highways’ Program.
5-As per Mr Raghav Chandra, Chairman of NHAI, NHAI plans to invest around US$ 250 billion in 240 road projects spanning 50,000 kms over the next five to six years.
6-The Union government approved the construction of around 1,000 km of expressways at a cost of Rs 16.68 crore (US$ 2.49 million) on a design-build-finance-operate-transfer (DBFOT) mode
7-The Ministry of Road Transport and Highways has undertaken development of about 7,000 km of national highways under BharatmalaPariyojana at an estimated cost of Rs 80,000 crore (US$ 11.93 billion) in consultation with state governments
8-The Cabinet Committee on Economic Affairs (CCEA) has authorised the NHAI to monetise 75 publicly funded highway projects of value Rs 35,600 crore (US$ 5.34 billion) via toll-operate-transfer (TOT) mode which will fetch adequate funds to finance road construction of 2,700 km length of roads
9-India and Japan are planning to enter into a partnership and launch an infrastructure finance company which will provide soft loans for Indian road projects with a credit target of Rs 2 lakh crore (US$ 30 billion).
10- The Indian government plans to develop a total of 66,117 km of roads under different programmes such as National Highways Development Project (NHDP), Special Accelerated Road Development Programme in North East (SARDP-NE) and Left Wing Extremism (LWE)
11-In the Union Budget 2017-18, the Government of India has allotted Rs 64,000 crore (US$ 9.55 billion) to NHAI for roads and highways and Rs 27000 crore (US$ 4.03 billion) for PMGSY.
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