Highway sector witnessed over 7 lakh crore investment in last 4 years claims Gadkari

New Delhi: The Indian Road sector is going through an exciting phase. Recently launched marquee initiatives such as Bharatmala Pariyojana and new models for monetizing operational asset such as TOT and InvIT have led to immense interest and focused investment in the Sector.

On wednesday in National Capital, Union t
Transport Minister, Nitin Gadkari presided over a Road Show on Toll-Operate-Transfer (TOT-2) Programme of NHAI & Financial Closure Ceremony of TOT-1 along with Mansukh L. Mandaviya, Minister of state for road transport & Highways, shipping and chemical Fertilizera, Government of India.

Speaking on the occasion, Transport Minister Nitin Gadkari said,

“The asset monetization program has seen good response from the private sector, and for that I am greatful to all of them. Also I invite them to participate in TOT-2 also.By leveraging the existing infrastructure assets created in the past, and utilizing the proceeds. We are aiming at better utilization of funds, low concessionaire risk, and long-term investment opportunity. In last 4 years Highway sector has seen investment of more than 7 lakh crores. We have set a target to increase the pace of road construction to 45 km per day.”

He further said,

“In this model toll highways operated by the National Highways Authority of India (NHAI) for over two years will be leased out to entities which will collect toll and operate the project for a specified duration, in a return for a fee. The money raised will be used to invest in developing more highways.”