Coming soon National Master Plan on Rs.100 lakh crore Gati Shakti
The National Monetisation Program will build reliability and confidence in developers and financing institutions as the identified projects are likely to be better prepared, exposure less likely to the risk given active project monitoring, management and accountability, Minister for Road Transport and Highways Nitin Gadkari has said.
Addressing a virtual dialogue on ‘Transforming India’s Mobility’, he said “Roads have the largest share in national monetisation plan at 26% with the target of Rs.160,000 crore over four years.”
The Government is soon going to launch the National Master Plan for ‘Gati Shakti’, a scheme of more than Rs.100 lakh crores for holistic and integrated infrastructure development, he told participants in the dialogue, pointing out that the Government has increased year-on-year infrastructure Capex by 34% to Rs.5.54 lakh crores for this year.
Gadkari said, “It is our firm belief that increased investment in infrastructure would not only create demand in the economy but also it would make growth – sustainable, equitable and inclusive.”
A comprehensive strategy has been adopted for the development of roads with 100% FDI being allowed in the road sector.
Further, NHAI is planning to monetise roads majorly through two modes one is toll operate transfer (TOT) and INvIT. With good outcomes from TOT, NHAI will continue to progress the strategy with smaller bundles that meet the requirement of international and domestic players, according to Gadkari.
“Agriculture is our real strength and we are intended to diversify in energy and power sector, waste to wealth and waste to energy is very important.”
The Government has also released a report of expert committee on ethanol blending in India by 2025 which discusses the gradual roll out of 20% ethanol blending in petrol by 2025. “We are committed to delivering vehicles with flex engines that give the users an option to run a vehicle on either 100% petrol or 100% bio-ethanol,” the Minister assured. #energy #technology #ethanol #projects #construction #tenders /fiinews.com
