New Delhi: Union Minister for Road Transport and Highways Nitin Gadkari said that the Government of India had approved Bharatmala Pariyojana Phase-I in October 2017 with an aggregate length of about 34,800 km (including 10,000 km residual stretches) at an estimated outlay of Rs 5,35,000 crores.
A total of 255 road projects with an aggregate length of about 10,699 km have been approved till October 2019 under Bharatmala Pariyojana. The total cost of the projects is Rs 2,64,916 crores. Bharatmala Pariyojana Phase-I is targeted for completion by 2021-22.
National Highways Authority of India (NHAI) is one of the implementing agencies for execution of Bharatmala Pariyojana Phase-I. For the current financial year, the target of construction is 4,462 km and target of award is 7,800 km. This target is subject to pre-construction clearance, land availability and project viability.
In addition, NHAI is mandated to raise Rs 75,000 crores under Internal and Extra Budgetary Resources (IEBR), as well as introduce innovative financial instruments like toll-operate-transfer (TOT) and securitization of user fees for raising funds.
Total funds allocated to NHAI for the year 2019-20 include Rs 16,091 crore for cess, Rs 10,600 crore for toll plough back and Rs 10,000 crore for TOT plough back.
NHAI has received Rs 8,318 crore from cess and Rs 7,950 crore from toll plough back for National Highways as of October 2019.
This information was given by Union Minister for Road Transport and Highways Nitin Gadkari in a written reply in Lok Sabha today.
Subscribe to Indus Dictum to receive a briefing about the latest news & feature articles. No spam, we promise.