The Center is planning a massive infrastructure revival to increase the construction of highways in the country. According to reports, strategies are being developed to increase road budgets by 30% to build 50 km of highways per day by 2022.
MoRTH received Rs 1.18 trillion in funding in 2021-2022.
According to experts, while this amount would be good for accelerating the development of highways, more allocations should be considered as the sector is already working to expand the network of major highways such as the Delhi-Mumbai highway.
An infrastructure sector expert working at a large global audit firm said increasing government funding for the sector would only work if the funds were used for capital spending rather than overheads such as salaries bureaucrats.
The pace of work has picked up under the leadership of India’s Minister of Road Transport and Highways, Nitin Gadkari. The length of the country’s national roads has increased from 91,287 km in April 2014 to 141,000 km currently. Likewise, the construction speed has increased significantly from 14 km per day in 2014-15 to 37 km per day today.
While the Covid-19 pandemic has devastated many sectors at different times over the past two years, the road sector, despite the challenges faced, has made significant progress in terms of building national highways.
Besides highways, the government will place a strong emphasis on logistics in order to reduce the country’s high logistics expenditure, which accounts for more than 15 percent of the country’s gross domestic product (GDP).
In this regard, the NHAI is setting up multimodal logistics parks in strategic locations across the country.
Building high-quality roads and ensuring seamless connectivity are key priorities for the infrastructure segment in India, which aims to grow into a $ 5,000 billion economy in the years to come.
(Edited by : Thomas abraham)