The nationwide highways community might be expanded by 25,000 km throughout 2022-23 and the nationwide ropeway improvement programme might be taken up in public-private partnership (PPP) mode beneath the banner of Parvatmala, Finance Minister Nirmala Sitharaman introduced in her Budget speech.
Sitharaman stated contracts for implementation of multi-modal logistics parks at 4 places via the PPP mode might be awarded in 2022-23. Besides, Rs 20,000 crore might be mobilised via progressive methods of financing to enrich public assets, she stated.
“PM Gati Shakti Master Plan for Expressways will be formulated in 2022-23 to facilitate faster movement of people and goods. The national highways network will be expanded by 25,000 km in 2022-23,” she stated.
Sitharaman stated that as a most popular ecologically sustainable various to traditional roads in tough hilly areas, the National Ropeways Development Programme might be taken up on the PPP mode. The intention, she stated, is to enhance connectivity and comfort for commuters, in addition to selling tourism.
She stated contracts for eight ropeway initiatives for a size of 60 km might be awarded in 2022-23.
Road Transport and Highways Minister Nitin Gadkari stated this yr’s Budget has given the best precedence for improvement of Scheduled Castes, Scheduled Tribes and farmers.
Stating that the Budget has given precedence to the infrastructure sector, Gadkari stated the National Ropeways Development Programme will profit states within the Northeast, Uttarakhand, Himachal Pradesh and J&Ok.
The Budget has supplied an enhanced outlay of Rs 1.99 lakh crore for the highways sector. Allocation of Rs 1.18 lakh crore was made for the sector for 2020-21, which was revised to Rs 1.31 lakh crore.
The International Road Federation, in an announcement, welcomed stepped-up funding on highways and infrastructure initiatives and welcomed the thrust on seven progress engines of PM Gati Shakti: roads, railways, airports, ports, mass transport, waterways and logistics.
