The government takes the road to earn Rs.84 billion
In its second entry, the government will focus on building more economic corridors with controlled access that connect manufacturing and consumption centers and roads that link ports and strategic points instead of expanding existing corridors. The new approach aims to ensure faster and uninterrupted loading movement to reduce the cost of logistics.
The finance minister said the government would focus on roads, including the development of 2,500 km of roads with controlled access, 9,000 km of economic corridors, 2,000 km of coastal and land port roads and another 2,000 km of strategic roads.
NHAI will monetize at least 12 lots of road packages of more than 6,000 km before 2024. NHAI plans to generate around Rs 84,000 crore from the monetization of 6,165 km by 2024-25.
While January 2023 was set as the deadline for the Delhi-Mumbai highway, FM said two other packages will be completed by 2023. The Chennai-Bengaluru highway will also start, he said.