Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

The central government awarded a total of 322 projects for the construction of 12,413 km roads under the '<keyword id="3647232" type="PERSON" weightage="20" keywordseo="bharatmala-pariyojana">Bharatmala Pariyojana</keyword>' till August, said a statement issued from the Ministry of Road Transport and Highways on Sunday. Till August, 2,921 km road has been constructed under the project. The Ministry of Road Transport and Highways has taken up detailed review of National Highways network and has given overall investment approval for Bharatmala Pariyojana Phase I Scheme for development of about 34,800 km (including 10,000 km residual NHDP stretches) at an estimated outlay of Rs 5,35,000 crore. Bharatmala Pariyojana is an umbrella program for the highways sector that focuses on optimizing efficiency of freight and passenger movement across the country by bridging critical infrastructure gaps through effective interventions like development of <keyword id="1951475" type="PERSON" weightage="20" keywordseo="economic-corridors">Economic Corridors</keyword>, Inter Corridors and Feeder Routes, National Corridor Efficiency Improvement, Border and International connectivity roads, Coastal and Port connectivity roads and Green-field expressways. SEE ALSO: <a href="https://www.businessinsider.in/science/space/news/nasa-cases-asteroid-bennu-ahead-of-snatch-and-grab-finds-six-new-secrets-including-a-possible-void-under-the-surface/slidelist/78577408.cms">NASA cases Asteroid Bennu ahead of snatch and grab — finds six new secrets, including a possible void under the surface</a> <a href="https://www.businessinsider.in/stock-market/news/rbi-governor-wants-markets-to-keep-the-faith-but-traders-want-something-more/articleshow/78574663.cms">RBI Governor wants markets to keep the faith but traders want something more</a> <a href="https://www.businessinsider.in/business/corporates/news/tcs-beats-accenture-to-become-the-worlds-most-valuable-it-services-company/articleshow/78566487.cms">TCS beats Accenture to become the world’s most valuable IT services company — but this not the first time it has raced ahead</a>

322 new projects for 12,413 km road construction sanctioned under 'Bharatmala Pariyojana'

At least 20,000 km of major <keyword id="6373156" type="ORGANIZATION" weightage="100" keywordseo="National-Highways">national highways</keyword> in India will be free from frequent cuts on the medians in the coming four to five years, with barricading for stray animals so that they can be prevented from coming on to the high-speed roads. Fast moving and heavy vehicles will be designated the main carriageways, which would make sure that these vehicles can run seamlessly and at high speed. Also read: <a href="http://www.businessinsider.in/indias-longest-road-tunnel-to-see-the-light-of-day/articleshow/57773446.cms">India's longest road tunnel to see the light of day</a> The project, which falls under the first phase of the ambitious <keyword id="4461929" type="UNKNOWN" weightage="100" keywordseo="bharatmala-scheme">Bharatmala scheme</keyword> will cost around Rs 3.85 lakh crore and would also include expansion of identified stretches to at least four lanes. Also read: <a href="http://www.businessinsider.in/indian-highways-to-have-malls-and-food-courts/articleshow/51305145.cms">Road trips in India will soon be the best way to travel</a> Presently, almost every type vehicles, be it fast-moving trucks or slow-moving cycle-rickshaws, can enter highways, thereby slowing down the speeds and defying the whole purpose of highways that are meant for less accidents. Also read: <a href="http://www.businessinsider.in/heres-how-suvs-have-driven-their-way-into-indian-roads-and-minds/articleshow/58143399.cms">Here’s how SUVs have driven their way into Indian roads and minds</a> The government has now decided to make existing highways more efficient instead of building more expensive <a href="http://www.businessinsider.in/strategy/Green-fund-to-make-national-highways-greener/articleshow/51596590.cms">greenfield roads</a>, and it’s for this purpose that the <a href="http://www.businessinsider.in/politics/too-realistic-nitin-gadkari-wants-to-bring-davos-to-uttarakhand/articleshow/57250266.cms">road transport and highways ministry</a> has sent the proposal to upgrade the identified stretches as "access controlled" ones. Such access controlled roads limit the kind of vehicles that can ply on them. Also read: <a href="http://www.businessinsider.in/Road-Ministry-wants-50-more-funds-in-Budget-allocation-several-plans-in-pipeline/articleshow/55937626.cms">Road Ministry wants 50% more funds in Budget allocation, several plans in pipeline</a>

Highways to be made fit for high-speed vehicles! U-turns and side entries to be barred

New Delhi, Dec 11 () The government on Wednesday gave its nod to the National Highways Authority of India (NHAI) to set up Infrastructure Investment Trust (InvIT) and monetise national highway projects.
 InvITs are instruments on the pattern of mutual funds and are designed to pool small sums of money from a number of investors to invest in assets that give cash flow over a period of time.
 "The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has given its approval to the proposal of Ministry of Road Transport and Highways, authorising NHAI to set up InvIT as per InvIT Guidelines issued by SEBI," the Ministry of Road Transport and Highways said in a statement.
 This will enable NHAI to monetise completed national highways that have a toll collection track record of at least one year and NHAI reserves the right to levy toll on the identified highway, the statement said.
 InvIT as an instrument provides greater flexibility to investors and is expected to attract patient capital (for say 20-30 years) to the Indian highway market, as these investors are averse to construction risk and are interested in investment in assets which provide long-term stable returns, it said.
 It will also facilitate retail domestic savings and corpus of special institutions (such as mutual funds, PFRDA, etc.) to be invested in infrastructure sector through InvIT.
 Roads and highways are the lifeline of the economy, connecting remote and far-flung areas and ensuring efficient transportation on regional as well as pan-India basis, it said.
 Development of national highways has a multiplier effect in terms of facilitating trade and enhancing the overall economic development of a region, it added.
 In October 2017, the Centre launched Bharatmala Pariyojana, which is the flagship highway development programme of Government of India for development of 24,800 km of roads for a total investment of Rs 5,35,000 crore.
 Given the magnitude of Bharatmala program, NHAI would need adequate funds to complete the projects within the prescribed timelines, it said.
 "As a part of this exercise, a workable option is to monetise the completed and operational NH assets to unlock their value and offer attractive schemes to private players to invest in construction of national highways," the statement said.
 It stressed that using new and innovative financing vehicles has become inevitable for organisations like NHAI that have limited existing sources of funds.
 The then Finance Minister, in his Budget Speech of year 2018-19, had stated that NHAI may consider organizing its road assets into Special Purpose Vehicles and use innovative monetising structures such as Toll, Operate and Transfer model and Infrastructure Investment Trusts (InvlTs).
 Based on the learning and experience, NHAI has been actively working on setting up an InvIT to monetise its completed and operational national highways projects with the objective of mobilizing additional resources through capital markets.
 NHAI's InvIT will be a trust established by NHAI under the Indian Trust Act, 1882 and Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014.
 The InvIT Trust will be formed with an objective of investment, primarily in infrastructure projects (as defined by Ministry of Finance). InvIT may hold assets either directly or through an SPV or a holding. NAM RVK

Govt gives nod to NHAI to set up InvIT, monetise national highway projects

When the Modi government announced its first budget in 2014-15, the government of the largest democracy had allocated Rs 1.91 trillion for infrastructure development. Growing at a breathtaking phase through the consecutive budgets of the National Democratic Alliance (NDA) and touching Rs 4.94 trillions in 2017-18, the infrastructure sector received a push of Rs 5.97 trillions in the budget 2018-19. For <keyword id="6354477" type="PERSON" weightage="20" keywordseo="Narendra-Modi">Narendra Modi</keyword>’s government, infrastructure development of the country has been a prime focus area. While making his budget speech while presenting 2018-19 budget, <keyword id="42575" type="PERSON" weightage="20" keywordseo="Arun-Jaitley">Arun Jaitley</keyword>, the Finance Minister remarked, “Our country needs massive investments estimated to be in excess of Rs 50 lakh crores in infrastructure to increase growth of GDP, connect and integrate the nation with a network of roads, airports, railways, ports and inland waterways and to provide good quality services to our people." In order to the augment the resources, the government levied a road and infrastructure cess of Rs 8 per liter on the petrol and diesel imported. Jaitley said, “The government and market regulators have taken necessary measures for development of monetizing vehicles like Infrastructure Investment Trust (InvIT) and Real Estate Investment Trust (ReITs) in India. The government would initiate monetizing select CPSE (central public sector enterprises) assets using InvITs from next year." The latest economic survey reveals that such measures will be operationalized provided the country will face a $526 billion gap in the investment towards infrastructure development. Jaitley added, “Reserve Bank of India has issued guidelines to nudge corporates to access the bond market. Sebi (Securities and Exchange Board of India) will also consider mandating, beginning with large corporates, to meet about one-fourth of their financing needs from the bond market." Announcing the most innovative and integrated infrastructure planning model, the National Democratic Alliance government launched the country’s largest ever rail and road budget through budget 2018-19 that saw an allocation of Rs 1.48 trillion and Rs 1.21 trillion respectively. Way back while announcing the 2017-18 budget, Arun Jaitley said the cabinet had given a nod to the most ambitious Bharatmala (roads) scheme that will significantly strengthen the country’s roads network. To support this massive allocation requirement, the government said Rs 5.35 trillion as equity from the market. Jaitley’s talk emphasized that the nation required funds for some ambitious plans Sagarmala (ports) and Bharatmala to enhance its transport infrastructure to meet the growing needs of the largest democracy effectively. “To raise equity from the market for its mature road assets, NHAI will consider organizing its road assets into special purpose vehicles and use innovative monetizing structures like toll, operate and transfer (TOT) and Infrastructure Investment Funds (InvITs)," stressed Jaitley. Though the 2017-18 budget allocated Rs 73.31 crores for Airports Authority of India (AAI) from Rs 149.93 crores in 2017-18, AAI had to raise Rs 4,086 crores. While commenting on the line of budgets by the NDA government headed by Narendra Modi, Jaijit Bhattacharya, partner and head, economics and regulatory at consultancy firm KPMG remarked. “The budget demonstrates a very significant push on infrastructure, including rural infrastructure, as well as for immediate job creation as well as supporting long-term employability through education and skill development is very encouraging."

A look at budget allocation for infrastructure under the Modi government

<ul><li>The Ministry of Roads Transport and Highways gave the Modi government much bragging rights in the first term.</li><li>He has been vested the responsibility once again and this signals a continuity in the government's approach to infrastructure.</li><li>Gadkari was also in charge of shipping and inland waterways between 2014 and 2019. </li></ul> Narendra Modi's thumping win in 2019 general elections depended a lot on the successes of Nitin Gadkari, the member of Parliament from Nagpur, a city home to the Rashtriya Swayamsevak Sangh (RSS), which is the ideological parent for the Bharatiya Janata Party (BJP). He has retained charge of Road, Transport &amp; Highways ministry and will also now look at micro,medium and small enterprises. As the minister for roads and highways, Gadkari was instrumental in an explosion in construction and operation of bridges, flyovers and expressways in Narendra Mod's first term as Prime Minister. He also played a significant role in the implementation of the rural roads project, the Pradhan Mantri Gram Sadak Yojana. He also had Shipping &amp; Inland Waterways Ministry, which has now been given to Mansukh Lal Mandaviya, who is a minister of state with independent charge. Mandaviya will also look at Fertiliser Ministry. All of this gave the Modi government much bragging rights while seeking votes in the 2019 election. "Investors like continuity upto a point because it means certainty. However, I think the broad consensus in the business community, not only we would like to see continuity, we also want to see more progress on reforms," a long-time India watcher and political analyst, Alastair Newton, Co-founder &amp; Director, Alavan Business Advisory, told Business Insider on May 24. Gadkari will be crucial in implementing the BJP's <a href="https://www.businessinsider.in/bjp-manifesto-released-for-2019-lok-sabha-elections/articleshow/68774925.cms" data-type="tilCustomLink" target="_blank">promise of infrastructure projects worth $1.4 trillion in its manifesto</a>. This includes the vow to double the road network between cities. The government has already promised to spend $109 billion on the Bharatmala project, a pan-India centrally-funded scheme for roads and highways, by 2022 . While his first Lok Sabha stint came in 2014, Gadkari had joined politics as a student activist for the Akhil Bharatiya Vidya Parishad (ABVP) in 1976. He went on to become the president of the Bharatiya Janata Yuva Morcha when he was just 24 years old and also became the secretary of the BJP in Nagpur city. SEE ALSO: <a href="https://www.businessinsider.in/narendra-modi-led-bjp-manifestos-infrastructure-promise/articleshow/68795743.cms" data-type="tilCustomLink" target="_blank">Nearly half of Narendra Modi's $1.4 trillion ‘new’ infrastructure promise may be already approved projects</a>

You Searched For "bharatmala scheme" and got 6 results

322 new projects for 12,413 km road construction sanctioned under 'Bharatmala Pariyojana'

IANS

Highways to be made fit for high-speed vehicles! U-turns and side entries to be barred

BI India Bureau

Govt gives nod to NHAI to set up InvIT, monetise national highway projects

PTI

A look at budget allocation for infrastructure under the Modi government

BI India Bureau

Nitin Gadkari, a top performer in Modi's first term, gets a second term as Road Transport and Highways Minister

BI India Bureau

Full text of President Ram Nath Kovind's first address to the Parliament as the 17th Lok Sabha gets underway

BI India Bureau

Popular Keywords

Buying Guides