To revive the road sector, the Modi government decided to rely on a tried-and-tested model of construction: the Engineering, Procurement and Construction (EPC) model. In this model, the construction of the road is executed by the private developer, but funded by the government.
The Modi government also devised a new hybrid annuity model in April this year, where it would share project costs with the private sector in a 40:60 ratio. Under this model, the government provides 40% of the project cost to the developer to start work while the remaining investment will have to be made by the road contractor. While the government is for a revival and increased momentum in the highway sector, it has gone to Spain, Malaysia and Japan to invite investors to take part in projects under its latest hybrid annuity model.
Narendra Modi wants to build a massive new highway that cuts across the heart of the country, connecting all of India’s Himalayan states.The Indian prime minister wants to do this in five years, at an estimated cost of Rs14,000 crore ($2.2 billion).
Road projects like Bharatmala and Setu Bharatam will accelerate the pace of development in the country. Bharatmala will connect 123 districts to national highways. Under the Setu Bharatam project, we'll be building over 400 new bridges.
A big push in the roads sector is key to the NDA government’s infrastructure focus, wherein it has drawn up an ambitious target to award highway projects worth Rs 3.5 lakh crore. As many as 1,231 projects measuring 37,000 km have been firmed up for award by the ministry over the next two years.
The government is planning to award over 100 road projects under the public-private partnership mode in the next financial year.
Major Projects
Bharatmala
The project will start from Gujarat and Rajasthan, move to Punjab and then cover the entire string of Himalayan states – Jammu and Kashmir, Himachal Pradesh, Uttarakhand – and then portions of borders of Uttar Pradesh and Bihar alongside Terai, and move to Sikkim, Assam, Arunachal Pradesh, and right up to the Indo-Myanmar border in Manipur and Mizoram.
Setu Bharatam
Under the " Setu Bharatam" scheme the road transport and highways ministry will undertake construction of 150 Rail Over Bridges (ROBs) and bridges during the current financial year for seamless connectivity. Target is to build 210 ROBs in the next two years and about 400-500 bridges would be built as standalone projects.
Delhi-Meerut expressway
Rs 6,500-crore Delhi-Meerut expressway project will be undertaken with private investment. The Delhi-Meerut expressway project, where 27 km of 150 km is to have 16 lanes, is being bid out under the BOT (build-operate-transfer) model.
Peripheral Expressways
The prime minister layed the foundation for 135 km-long Eastern Peripheral Expressway worth Rs.5,763 crore and 136 km-long Western Peripheral Expressway worth Rs.2,274 crore. Another project is widening (8-laning) of the 70 km long stretch between Mubarka Chowk in Delhi to Panipat on the NH-44 worth Rs. 2,129 crore.
The Eastern Peripheral Expressway (EPE) is expected to be commissioned by July 2018. The National Highways Authority of India (NHAI) is executing the project under six packages through the EPC (Engineering, Procurement and Construction) mode.
Ref:
- http://qz.com/394021/is-modis-new-2-billion-trans-india-highway-project-just-too-ambitious/
- http://www.newsroompost.com/192978/bharat-mala-modis-ambitious-road-project-gujarat-mizoram/
- http://qz.com/518024/narendra-modi-has-put-indias-road-sector-back-on-track-but-some-potholes-remain/
- http://www.thestatesman.com/mobi/news/delhi/modi-to-lay-foundation-stone-for-rs-10-166-crore-highway-projects/101620.html
- http://articles.economictimes.indiatimes.com/2015-06-29/news/63937636_1_highway-projects-road-ministry-highway-sector
- http://timesofindia.indiatimes.com/india/Setu-Bharatam-to-build-bridges-rail-over-bridges/articleshow/47227670.cms
Development of road infrastructure implies the growth of the country. Its nice our government is investing in road infrastructure. chilling plant
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