Road -Projects
The road transport and highway ministry is all set to start work on the stalled highways projects entailing an investment worth Rs. 1,80,000cr in the first week of August as the ministry has already cleared hurdles like delays in land acquisition and green nods, road transport and highways minister Nitin Gadkari said stating that steps are currently on to launch new projects worth 2 lakhcr very shortly. As many as 189 projects with a cost of Rs. 1,80,000cr are stuck due to problems in land acquisition, delays in forest and environment clearances, and non-transfer of defense land. The hurdles in rail over bridges in regard to these projects will be removed in the first half of August.

Addressing a summit on Highways by PHD Chamber, he added that in swift and significant shift of policy the public-private partnership (PPP) model was not feasible at present for award of road projects due to a host of issues and these projects will be bid out on engineering, procurement and construction (EPC) mode. In fact, the previous government has not acquired even 10% of the required land for projects where financial closure had been achieved two years back and subsequently banks withdrew financial closure. To start work quickly the government will work on EPC model for the time being and then shift to PPP model under which the private sector has to fund the road building.