Let’s have a look on progress of Bharatmala Project till date

New Delhi, December 10: Bharatmala Pariyojana, a new umbrella programme that focuses on optimizing the efficiency of freight and passenger movement across the country. For this, the government had Phase-I in October, 2017 with an aggregate length of about 34,800 km (including 10,000 km residual NHDP stretches) at an estimated outlay of Rs. 5,35,000 crore.

 

Giving information in Rajya Sabha, Minister for Road Transport and Highways Nitin Gadkari said that the amount of 535000 Cr would be used for development of about 9,000 km length of Economic corridors, about 6,000 km length of Inter-corridor and feeder roads, about 5,000 km length of National Corridors Efficiency improvements, about 2,000 km length of Border and International connectivity roads, about 2,000 km length of Coastal and port connectivity roads, and about 800 km length of Expressways.

Total of 255 road projects with an aggregate length of about 10,699 km have been approved till October, 2019 under Bharatmala Pariyojana with total Cost of Rs. 2,64,916 crore approximately. Bharatmala Pariyojana Phase-I is targeted for completion by 2021-22.

National Highways Authority of India (NHAI) is borrowing from the market through the Internal Extra Budgetary Resources (IEBR) route. In 2017-18, NHAI has raised Rs 8,500 crore from LIC and Rs 10,000 crore from EPFO through taxable bonds.

Further, NHAI issued rupee denominated Masala Bonds of Rs 3,000 crores through the London Stock Exchange on 11.05.2017. In addition, NHAI is in the process of raising funds through monetization of operational National Highway assets through the Cabinet approved Toll-Operate-Transfer (TOT) model. The first bundle of TOT projects comprising nine project stretches with the aggregate length of around 680 km has already been bid out