Help Desk -
9958816305, 9810335381

India's Highway Development Economically Viable - Mr Gadkari

Infra News - Published on Thu, 12 Sep 2019

The Hindu Business Line, citing Road Transport and Highways minister Mr Nitin Gadkari, reported that 4-6-8-laning of highways were economically viable”even after factoring in the huge land acquisition costs, hitting out at critics including from within the government who have questioned the highway development program. He said that strict action would be taken against the National Highways Authority of India official who had leaked a letter written by Prime Minister’s principal secretary Nripendra Misra on the issue. We have already got a problem because of media and because of the mindset of some government officials. Sometimes because of their attitude, because they don’t seem to understand business where is the money, so this type of feeling creates problems.

Mr Gadkari said that “One example, somewhere some persons gave a presentation to the Prime Minister on the road sector and all other infrastructure projects. He gave a 1,400 page suggestions before the PM and one of the things he suggested was to monetise the assets of NHAI. That is also correct and we are also on the same line. The PM suggested to his principal Secretary to send this to all the departments to seek their opinion. So, the 1400-page projects report was sent to 8-9 departments and out of this one of the reports was also send to NHAI. One of the persons in NHAI did a WhatsApp and circulated it to the media. We will find out who did this and take strict against him. An impression has been created in the media that now NHAI is going to stop construction of roads, it is totally false.”

He said that, according to him, 4-6-8-laning of highways is 100% economically viable with good internal rate of return even after considering the land acquisition and construction costs. There is no problem. The government is giving about INR 90,000 crore as budgetary support to NHAI. That is with us.

Source :

Posted By : Ratan Singh on Thu, 12 Sep 2019
Related News from Infra segment