Road projects will create one crore jobs: Gadkari

Source: The Hitavada      Date: 26 Oct 2017 09:15:39


 

Delhi Bureau & Agencies,

NEW DELHI,

PROMISING that India’s biggest- ever Rs 7 lakh crore umbrella highway programme, including the ambitious Bharatmala, will be “transparent and corruption free”, Union Minister Nitin Gadkari on Wednesday said most of these will be rolled out by December 2018.


Terming the massive infrastructure push as a step closer to achieving the target of Rs 25 lakh crore worth of work in the highways and shipping space in five years, creating 1 crore jobs and contributing 2-3 per cent to GDP, Gadkari claimed that this will change the very face of India.


“We will roll out most of the Rs 7 lakh crore projects announced by the Government on Tuesday, before December 2018. The programme is the biggest infrastructure programme, including Bharatmala, that will see India having 50 corridors including the existing six,” the road transport, shipping, highways and water resources minister said while addressing the media here.


India will have “world-class roads on par with the US and Germany” and special emphasis has been accorded to providing quality roads on borders adjoining China and Pakistan, besides far-flung tribal areas.
The Government on Tuesday approved a mega plan to build 83,677 km of highways by March 2022 at a cost of about Rs 7 lakh crore, which includes the ambitious Bharatmala project.


He said the detailed project reports (DPRs) for about 25,000 km of highway projects are almost ready and the Rs 7 lakh crore programme would create 10 crore mandays, in addition to 22 million permanent jobs.


“The entire programme will be transparent, corruption- free with full emphasis on quality. Each and every work will be through electronic tenders and the quality of highways would be such that they would see no potholes for the next 100 years,” Gadkari said.


The project, he added, was aimed at overhauling India’s infrastructure matching Prime Minister Narendra Modi’s New India vision. About the funding of the Rs 5.35 lakh crore Bharatmala, he said it has been fully tied up as Rs 2.37 lakh crore would flow from the central road fund, Rs 2.05 lakh crore as market borrowing, Rs 34,000 crore from monetisation of highway projects and Rs 60,000 crore through budgetary allocation.


He stressed that funding is not a problem for the entire project as funds to the tune of Rs 4-5 lakh crore can be raised from the capital market and the finance ministry has been approached for enhanced support.