Union road transport and highways minister Nitin Gadkari on Tuesday said total length of the national highways in the country increased by about 59% in the last nine years. As a result of this expansion, India now has the second largest road network, after the US.Addressing a press conference in New Delhi, Gadkari said: Total length of National Highways was 91,287 km in 2013-14, which increased to 1,45,240 km in 2022-23, which is a rise of more than 59% during this period.
1 Sep 2023In this video, we delve into India's remarkable growth in National Highways and its impact on the country's economy. Over the past 9 years, around 50,000 kilometers of new highways have been constructed, fostering connectivity and stimulating economic development. The Gati Shakti Mission aims to streamline freight movement and reduce logistical costs, driving India's integration into global value chains. We explore the significance of efficient transportation networks for India's competitiveness and highlight the importance of ongoing maintenance and quality improvement. This infrastructure upgrade aims to boost connectivity, stimulate economic growth, and enhance India's global competitiveness.
25 Aug 2023As national elections draw near, public spending has taken an upturn in India. The government is relying on an infrastructure build-up to multiply people’s incomes and support economic growth. Paced-up highway construction has been placed in the spotlight by the Centre’s aim to construct a record 45km of highways daily in 2023-24 on an average. This would add up to 16,000km during the year, exceeding the last high of 13,298km achieved in 2020-21 at a rate of 36.4km per day. Highway construction had slowed after that, with our daily rate dropping to 29km and 24km in 2021-22 and 2022-23, respectively. Let us explore whether India's infrastructure boom can propel economic growth.
11 May 2023The PMO has recently told the NHAI that the government is not keen to sustain its large investments in building highwaysThe private sector is also not keen to do so, according to industry analysts and highway developers
2 min read3 Sep 2019The financial sector crisis in the country has also put banks on the back foot in lending to firms building roadsInfrastructure stocks began their descent after news of weak orders in FY19
2 min read14 Apr 2019The platform will target toll-operate-transfer models, acquisition of road concessions and investment opportunities in the sectorRoadis is a wholly owned subsidiary of the Public Sector Pension Investment Board, one of Canada’s largest pension funds
1 min read3 Apr 2019Toll rate revisions are linked partly to the wholesale price index (WPI)So far this year, the index has risen 4.7%, higher than the 3% growth in FY18
2 min read19 Jan 2019Construction of highways gathered pace to touch a record average of 31.87km per day in Dec, but was still far from Nitin Gadkari's target of building 41km per day
1 min read10 Jan 2019NHAI is likely to set 3 January as the new deadline to privatize operations of its second bundle of roads under the toll-operate-transfer (TOT) model
1 min read14 Dec 2018A few new mid-sized companies have bagged most contracts. Their order books have swollen up to four times their revenues, raising concerns of timely execution
1 min read10 Sep 2018The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared