Help Desk -
9717405332, 9599714297, 9810335381
Email
Password

60% Of Projects Under Delhi-Mumbai Expressway Awarded - Mr Gadkari

Infra News - Published on Mon, 24 Jun 2019

Image Source: google.com
Mr Nitin Gadkari, Union Minister of Road Transport and Highways, said that 60 percent of the projects under the Delhi-Mumbai Expressway has already been awarded. The Delhi-Mumbai Expressway is likely to be completed in the next 3 years. The expressway is planned along Delhi-Gurugram-Mewat-Kota-Ratlam-Vadodara-Surat-Mumbai. He said that land acquisition for the same was completed at a minimum cost of INR 80 lakh per hectare. He added that the route was deliberately made around backward areas of Rajasthan, Madhya Pradesh and Maharashtra and roadside alignment through the development of logistic parks and industrial clusters along the highway would raise employment and growth potential of these regions.

Addressing a gathering of investors from Singapore, he invited them to invest in projects in India. The government will implement 22 expressways at an expected investment estimate of INR 10 lakh crore.

Addressing the issue of project finance Mr Gadkari reiterated the lack of a separate financial arm for road transport and highways. He said that "NHAI has good credibility in the international market. However, the cost of capital in India is high due to interest costs."

Source :

Posted By : Mohan Sharma on Mon, 24 Jun 2019
Related News from Infra segment