Global News

Bharatmala will lower logistics costs to 6% from 18% now: Nitin Gadkari

Bharatmala will lower logistics costs to 6% from 18% now: Nitin Gadkari

And it mainly focuses to improve the speed of traffic flow on the key corridors by providing uniform four-lane roads. Special attention has been paid to fulfil the connectivity needs of backward and tribal areas, areas of economic activity, places of religious and tourist interest, border areas, coastal areas and trade routes with neighbouring countries under the programme. According to the ministries, the construction of the 10,000 km highways annually has a potential for generating four crore people per day and the mega-highway development programme that can be used to counter the allegations which government has failed to create employment opportunities.

There will be 9,000 km of economic corridors, inter-corridor and feeder routes (6,000 km), national corridors efficiency improvement (5,000 km), border roads and worldwide connectivity (2,000 km), coastal roads and port connectivity (2,000 km) and greenfield expressways (800 km) in the first phase. In the first phase which will be undertaken for over three to five years, the project would cost Rs 5.5 lakh crore. According to the financing plan, Rs 2.37 lakh crore of the Rs 6.92 lakh crore, which is around 34%, required for highway development over the next five years will come from fuel cess.

"Bharatmala Pariyojana will change the destiny of country, is the biggest-ever infra scheme in its history", Gadkari said. The finance ministry has committed to provide the fixed share of cess from fuel for highway projects irrespective of fluctuation in excise duty and there will also be at least 10% annual increase in budgetary support for the flagship scheme.

Central and state governments would spend another Rs 88,185 crore in the next three years towards constructing rural roads under Pradhan Mantri Gram Sadak Yojana.

London drivers face £21.50 daily charge for most toxic vehicles
The total daily levy can be reduced by £1 if drivers register to pay the congestion charge automatically. Speaking to Sky News , Khan said: "We don't make a profit from the T-charge - it's costing us".


The government also approved the construction of 2,000 km of roads, along the eastern and western borders of the country to boost border roads and global connectivity.

"With the implementation of this programme, India could get the much needed cost competitiveness in the manufacturing sector by bringing down the logistics cost which is now one of the highest among the emerging markets and way above that prevalent in developed economies", Mint quoted Jagannarayan Padmanabhan, director and practice lead, transport and logistics at CRISIL Infrastructure Advisory as saying. The government officials said better road network will transform India's road sector through the smart tag based tolling.

Meanwhile, to boost tourism and industrial development, 2,100 km of coastal roads have been planned. In addition, Rs1.57 trillion will be spent on the construction of 48,877km of roads by the state-run National Highway Authority of India (NHAI) and the ministry of road transport and highways.


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