Infrastructure projects worth 7 trillion in two to three years: Gadkari
Union Minister for Road Transport and Highways Nitin Gadkari, while addressing the CII Conference on Investment Opportunities in Highways, Transport and Logistics, has urged investors to take advantage of the diverse opportunities spanning asset classes in the infrastructure sector such as highways, multimodal logistics parks, wayside amenities, ropeways, and warehousing zones. Gadkari said, “The internal rate of return in the road sector is high and, hence, there is no need to worry about economic viability.”
He informed that the government has addressed the early delays due to land acquisition, and now, projects are not awarded before 90 per cent of land acquisition is complete and environment clearances are obtained. Highlighting the benefits of projects under the Bharatmala programme, the minister said, “Travel time from Mumbai to Delhi on road will be cut down from 48 to 12 hours in one year; road and multimodal infrastructure projects will reduce logistics costs and boost manufacturing, increase exports and help the economy grow.”