New Delhi: Union Cupboard Minister Nitin Gadkari will retain the cost of ministry of highway transport and highways, his third consecutive stint within the infrastructure division.
Though the sector will not be new for the minister and neither are the challenges, this time across the ministry’s focus needs to be seamless venture execution.
There are lots of challenges that the freeway sector is grappling with together with making certain availability of building supplies and equipment, well timed completion of tasks, availability of educated human assets, and addressing considerations on highway congestion and security.
In addition to highway transport and highways, Gadkari in his decade lengthy tenure has additionally dealt with portfolios together with Transport, Water Sources, River Improvement and Ganga Rejuvenation, Micro, Small and Medium enterprises, Rural Improvement and Panchayati Raj.
Among the marquee highway tasks inaugurated throughout his final tenure embrace the Delhi-Mumbai Expressway and the Dwarka Expressway, which was inaugurated by the Prime Minister in March 2024, a month earlier than the beginning of the Lok Sabha elections.
The INR 4100 crore expressway would decongest the site visitors between Delhi and Gurugram.
Asset monetization could be the important thing driver for the roads and highways sector because the Union authorities has raised INR 40,314 crore by means of varied modes of asset monetisation in monetary 12 months 2023-24, towards the goal of INR 28,968 crore.
The ministry had raised INR 15,968 crore by means of monetisation of 4 toll-operate-transfer (TOT) bundles, INR 15,700 crore by means of Infrastructure Funding Belief (InvIT) and INR 8,646 crore by means of securitisation.
The ministry had raised INR 32,855 crore in 2022-23 by means of varied modes of asset monetisation.
At present, MoRTH monetises its property below three totally different modes — toll-operate-transfer (TOT) mannequin, Infrastructure Funding Belief (InvIT) and project-based financing, with a purpose to present all classes of buyers a possibility to put money into property pertaining to highways and related infrastructure.
State-owned Nationwide Highways Authority of India (NHAI) has recognized 33 freeway stretches cumulatively spanning 2,741 kilometres to monetise in the course of the present monetary 12 months by means of toll function switch (TOT) and infrastructure funding belief (InvIT) modes.
The recognized stretches embrace Lucknow-Aligarh, Kanpur-Ayodhya-Gorakhpur, and Bareilly-Sitapur in Uttar Pradesh, Gurugram-Kotputli-Jaipur bypass and Jaipur-Kishangarh in Rajasthan, Panikoili-Rimuli in Odisha, Chennai bypass in Tamil Nadu, and Muzaffarpur-Darbhanga-Purnia freeway in Bihar.
The asset could be monetized by means of ToT/InvIT modes.
