Ministry of Road Transport and Highways (Ministry of Road Transport and Highways) has proposed to build 50,000 km of high-speed corridors by 2047. Road Transport and Highways Secretary Anurag Jain said on Friday that once this project is completed, the average speed of trucks on the national highway network will increase from 45 km per hour to 75-80 km per hour. He said the total length of high-speed corridors was 353 kilometers in 2014, which will increase to 3,913 kilometers in 2023.
Target of creating a 30 trillion dollar economy
A vision paper is being prepared by NITI Aayog to make India a developed economy of about 30 trillion dollars by 2047. Prime Minister Narendra Modi will release it by the end of this month. The Commission was tasked to consolidate 10 regional thematic approaches into a joint vision for ‘Developed India@2047’ in 2023. He said the project allocation will be as per ‘Vision 2047’ to improve implementation and reduce duplication. According to Jain, out of 108 road projects spanning 3,700 km connecting ports, eight projects (294 km) have been completed, 28 projects (1,808 km) have been awarded and detailed project reports for 72 projects (1,595 km) have been submitted. Are in process.
These projects will be completed soon
He said that under the Parvatamalay project, there is a plan to allocate 60 kilometers of ropeway projects by the end of the current financial year. Jain said a 3.85 km ropeway is under construction in Varanasi (Uttar Pradesh), while bids have been invited for nine projects of 36 km length. He said since the introduction of toll-collect, operate-transfer (TOT) model in 2018, the state-owned National Highways Authority of India (NHAI) has completed six rounds of road asset monetization through TOT. And have raised Rs 26,366 crore.
Latest Business News