High On Highway
Business Today|September 09, 2018

India is building roads at a frenetic pace. The dream of building 40 kilometres a day is within the realm of possibility now.

Sumant Banerji
High On Highway

WHILE TAKING CHARGE of the Ministry of Road Transport and Highways in May 2014, Nitin Jairam Gadkari set himself and his ministry an audacious target — to raise the pace of road construction in the country to 40 kilometres (KM) a day. This amounted to a four-fold increase from 8.7 KM per day in 2013/14, which was around a seven-year low.

A spate of reforms has ensured that this ‘impossible’ target is now within reach. Over the last four years, road construction has picked up pace from 12 KM per day in his first year (2014/15) of the NDA government to almost 27 KM a day in 2017/18. For this fiscal, the last of this government’s five-year tenure, the target is 45 KM per day.

“We achieved the highest ever award of 51,073 km of National Highway projects and highest ever construction of 28,531 km over a four-year period from 2014/15 to 2017/18. Construction of National Highways has more than doubled to over 27 km a day and the total investment in the sector has increased by 2.5 times,” says Gadkari.

Developing modern high-speed highways crisscrossing the country is a sure-shot way to develop the countryside. India has a total road network of 5.6 million KM of national and state, urban and rural roads, the second largest in the world. National highways account for 2 per cent of this network but carry over 40 per cent of overall traffic. Led by high investment from the public exchequer, it has also given a boost to the infrastructure sector. Government investment in highways more than doubled from ₹32,000 crore in 2014/15 to nearly ₹65,000 crore in 2017/18. It is proposed to be increased by 9.4 per cent to ₹71,000 crore in the current fiscal year.

Denne historien er fra September 09, 2018-utgaven av Business Today.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra September 09, 2018-utgaven av Business Today.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA BUSINESS TODAYSe alt
"Focus on the challenge of each customer"
Business Today India

"Focus on the challenge of each customer"

SHASHANK KUMAR MD & CO-FOUNDER I RAZORPAY Razorpay is India's first full-stack financial solutions company

time-read
1 min  |
December 08, 2024
PEDAL ON THE FUTURE
Business Today India

PEDAL ON THE FUTURE

THE MG WINDSOR EV, WITH ITS FUTURISTIC AND MINIMALIST DESIGN, COMBINES THE BEST OF BOTH WORLDS-COMFORT AND TECHNOLOGY

time-read
1 min  |
December 08, 2024
BREATHE EASY
Business Today India

BREATHE EASY

Whether you're battling allergies, looking to remove pollutants, or simply want to breathe easier, the right air purifier can make a difference

time-read
2 mins  |
December 08, 2024
The Taste of India in a Glass
Business Today India

The Taste of India in a Glass

FROM ROYAL LIQUEURS TO DISTILLED MAHUA, INDIAN HERITAGE ALCOHOLIC BEVERAGES ARE HAVING THEIR DAY IN THE SUN

time-read
4 mins  |
December 08, 2024
LOOK BEFORE YOU LEAP
Business Today India

LOOK BEFORE YOU LEAP

IN 2025, INVESTORS WILL NEED TO FACTOR IN VOLATILITY ACROSS ASSET CLASSES

time-read
5 mins  |
December 08, 2024
MISSING ADVISORS
Business Today India

MISSING ADVISORS

INDIA HAS JUST ONE INVESTMENT ADVISOR FOR NEARLY EVERY 200,000 INVESTORS. AT A TIME WHEN RETAIL PARTICIPATION IN THE STOCK MARKETS IS BOOMING, THIS ASSUMES SIGNIFICANCE

time-read
7 mins  |
December 08, 2024
TURNING A CORNER
Business Today India

TURNING A CORNER

SHARED ELECTRIC MOBILITY START-UP YULU'S SHIFT TO SERVICING THE QUICK COMMERCE SECTOR IS HELPING IT GROW FAST. IT IS NOW FOCUSSING ON IMPROVING ROAD SAFETY FEATURES AS IT TURNS EBITDA POSITIVE

time-read
5 mins  |
December 08, 2024
REALITY CHECK
Business Today India

REALITY CHECK

INDIAN STOCK MARKETS PLUNGED BEGINNING OCTOBER FOR A HOST OF REASONS, INCLUDING A FALL IN FII OWNERSHIP. HOW DEEP WILL THE CORRECTION BE?

time-read
6 mins  |
December 08, 2024
TRUMP'S TRADE TANGO
Business Today India

TRUMP'S TRADE TANGO

The return of Donald Trump as the 47th President of the US has put the global economy on edge. India, too, is unlikely to remain unaffected. How will policymakers meet this latest challenge?

time-read
9 mins  |
December 08, 2024
"The essence of the Trump administration will be transactional”
Business Today India

"The essence of the Trump administration will be transactional”

Global investor, analyst, and best-selling author Ruchir Sharma decodes why Donald Trump won the elections, what India should do, the risks, and more

time-read
10 mins  |
December 08, 2024