Image Credits : NBM&CW
By the end of December 2024, the Indian government plans to approve highway projects totalling ₹2 lakh crore as part of its continued drive for infrastructure development.
In an effort to guarantee prompt approvals and issue tenders for a range of projects, the Ministry of Road Transport and Highways (MoRTH) is stepping up its efforts. The government is concentrating on improving road infrastructure in areas that are underserved, lowering traffic, and stimulating the economy. When these projects are finished, freight movement will be improved, and state-to-state connectivity will be seamless.
Nitin Gadkari highlighted how important strong infrastructure is to the country’s economy, referring to it as a vital catalyst for expansion. Gadkari has reaffirmed in recent months that the government is committed to growing the national highway network in order to accommodate the demands of an expanding economy.
India’s increasing industrialisation and urbanisation have made it essential to concentrate on constructing strong highways. It is projected that these upcoming projects will boost economic activity in the logistics and construction industries and generate a significant number of job opportunities.
The aggressive highway project clearance plan by the Indian government is a calculated attempt to close long-standing infrastructure gaps. This program is a component of a larger plan to upgrade the nation’s transportation infrastructure and promote economic growth. The proposed projects will address important link roads, major national highways, and regional roads, with a major emphasis on enhancing road safety and cutting travel times.
The amount of money allocated to these projects demonstrates how important infrastructure development is to the government as a pillar of its economic policy. Furthermore, in order to guarantee that funds are used wisely and projects are finished on time, the government is placing a high priority on openness and effectiveness in project management.