Modi is scheduled to inaugurate 11 projects worth Rs 15,000 cr on Aug 29
Larger firms want 'high risk-high reward', while smaller companies have lower risk appetite
Monetisation of public-funded highway projects could result in funds up to Rs 1 lakh crore
Ministry of Road Transport and Highways and National Highways Authority of India (NHAI) have achieved some traction as far as transfer of defence land for constructing highway projects is concerned. Union transport minister Nitin Gadkari today met Defence Minister Manohar Parrikar to discuss pending issues of transfer of defence land for highways and shipping projects.According to an official, the two ministries have been working together closely to resolve these issues. Cases like transfer of land on Gwalior - Shivpuri section of NH 3, Jodhpur - Barmer section of NH 112, Dagshi village on NH 22 ad Tinsukia bypass have been resolved as a result of mutual consultations, an official said. Pending cases like widening of NH 8 (Dhaula Kuan and IFFCO chowk) , Chennai port to Maduravoyal and transfer of Defence land for Eastern waterfront project of Mumbai port were discussed. Both parties have decided to extend full cooperation and resolve the pending issues in a time bound manner, the ...
The total length of the proposed road has been reduced from 119 km to 95 km
These road contracts are spread across Andhra Pradesh, Haryana, Karnataka, Odisha, Rajasthan, Tamil Nadu, Uttarakhand and West Bengal
Of the total projects, 13 would be executed on EPC mode, two on hybrid annuity model and one on BOP mode
The projects in Andhra Pradesh, Telangana, Sikkim and Assam would be built on engineering, procurement and construction basis
Majority of land required has been acquired and remaining 145 hectares will be acquired soon
Minister says most of the 403 projects worth Rs 3.8 lakh cr that were stuck when NDA govt took over have been rolled out