Bharatmala, PM Modi government’s ambitious program, to construct a network of national highways is expected to receive Cabinet’s nod by next month, after which the first phase would be launched by the Centre. Bharatmala Project for Highways to be launched by October.
The Bharatmala project for highways to be launched by October that will subsume Atal Bihari Vajpayee’s National Highway Development Programme (NHDP) of 1998, will connect border areas, coastal areas, backward areas and regional and tourist destinations. The first phase of the umbrella programme is expected to see construction of 20,000 km, as per news records. ‘Bharatmala Pariyojana’ had received nod from Public Investment Board in the month of June after which it was referred to Cabinet Committee on Economic Affairs.
As per news records, the project is likely to receive the cabinet committee’s approval by October and the launch would be done thereafter. Centre has estimated a fund requirement of Rs 6.92 lakh crore, by 2022, for the development of national highways under proposed phase 1 of Bharatmala and other schemes.
Ministry of road transport and highways has said that 20 per cent of the total expenditure will be met through private investment and expected monetization, as per news records.
Union minister for roads and highways, Nitin Gadkari, has stressed that cost of logistics in the country has to be reduced from the current 18 per cent, as per records.