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Business News/ Politics / Policy/  Centre plans project to decongest Delhi
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Centre plans project to decongest Delhi

Transport minister Nitin Gadkari says government plans to offer incentives to motorists to surrender old cars

Transport minister Nitin Gadkari. Photo: Ramesh Pathania/MintPremium
Transport minister Nitin Gadkari. Photo: Ramesh Pathania/Mint

New Delhi: Transport minister Nitin Gadkari on Friday proposed a 4,000 crore pilot programme to decongest Delhi and said the government plans to offer incentives to motorists to surrender old cars.

“...we are taking a number of initiatives to decongest the national capital and other areas. One such step, which could be revolutionary in this regard, will be the Metrino project worth 4,000 crore," Gadkari said at an industry event.

The project, “on the pattern of a ropeway," will cover a 70-km stretch from the busy Dhaula Kuan intersection in Delhi to Manesar, near Gurgaon, in Haryana.

Under the project, fully automatic and driverless vehicles known as pods will travel suspended from an overhead cable network. Work on the project will start in six months. Gadkari said the capital cost of the project will be about 50 crore per km, compared with 250 crore per km for a metro rail project.

The project is aimed at decongesting Delhi and reducing road accidents.

According to Gadkari, almost 500,000 road accidents happen every year in India, killing 150,000 people and injuring 300,000.

“We are trying (to ensure) that these...come down by 50% in the coming two years," Gadkari said.

The minister said the government had developed a software that would help identify accident-prone areas in cities to put in place measures to prevent road crashes. The software will be provided to cities free.

“Similarly there are spots with high traffic congestion, which can be easily fixed through steps like constructing a bypass or an underpass," he added.

About 5 trillion of investment will go into the construction and improvement of roads in the next few years, according to Gadkari.

The minister said the government had earmarked 112 projects to be sold to foreign insurance and pension funds.

“We are inviting investors from all over the world. We can get 1 lakh crore by securitising these. Many foreign funds are ready to finance us 2 to 3 lakh crore on 0.50% (interest)," he said.

The minister said that work on a 16-lane highway connecting Delhi and Meerut will start in the next 2-3 months.

The government, which aims to build 30 km of roads per day in 2015-16, was able to build only 12 km per day in the last financial year.

For the past two years, road projects have been awarded under the government-funded engineering-procurement-construction model in the absence of private sector interest.

In the fiscal year ended 31 March, the ministry awarded 8,000 km of road projects, but less than 800 km was covered under the public-private partnership route.

gaurav.m@livemint.com

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Published: 04 Jul 2015, 12:13 AM IST
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