National Highway Expansion- India’s NHs witness 60% surge in length in last ten years – Details inside
时间:2024-06-26 08:05:09 阅读(143)
India’s national highways have witnessed a remarkable expansion, marking a substantial 60% surge in their total length since 2014 when the Narendra Modi-led government assumed office. Anurag Jain, the Secretary of Road Transport and Highways, revealed this development during a press conference on Friday.
Jain highlighted the significant growth in the national highway network, reporting an increase in length from 91,287 km in 2014 to an impressive 1,46,145 km by December 2023. Furthermore, the extensive stretch of four-lane and higher national highways soared from 18,387 km in 2014 to 46,179 km in December 2023, marking a substantial 2.5-fold rise.
The road ministry, underlining its relentless efforts, revealed that it had successfully constructed 6,217 km of national highways by December in the 2023-24 fiscal year.
Construction expenses to surge by 9.4 timesHighlighting the financial aspect, Jain emphasized that the expenditure on highway construction is projected to escalate significantly, expecting a surge by 9.4 times, reaching Rs 3.17 lakh crore in 2023 from the figures recorded in 2014.
The announcement also shed light on the progress of the Vehicle Scrapping Policy, stating that 44 registered vehicle scrapping facilities are operational across India. Additionally, 19 states/Union Territories have announced concessions on motor vehicle tax as part of this initiative, resulting in the scrapping of approximately 49,770 vehicles thus far.
Jain also noted that the National Highways Authority of India (NHAI) has amassed Rs 18,450 crore as toll revenue until December in the ongoing financial year, showcasing a steady financial growth trajectory in the road infrastructure domain.
(With inputs from PTI)
猜你喜欢
- Nifty needs to hold above 17500 to hit 17777, Bank Nifty could scale 37250; check stocks to watch
- FII, DII data- FPIs sold shares worth Rs 1862 cr, DIIs bought shares worth Rs 1532 cr on October 12, Thursday
- Nifty maintains stability amid earning season kick-off, Bank Nifty eyes key levels for potential upside
- FII, DII data- FPIs bought shares worth Rs 61 cr, DIIs added shares worth Rs 305 cr on August 29, Tuesday
- Nifty to extend gains or slip below 17,800- Check 9 key things to know before share market opens on 25 April
- Bharti Airtel, Shree Cement, Adani Wilmar, Infosys, Adani Power, Hero MotoCorp, Vodafone Idea stocks in focus
- Bloomberg may include India gilts
- BPCL, Future Consumer, JK Cement among 143 BSE stocks to hit 52-week lows; 27 scrips at new highs
- Blue Jet Healthcare’s IPO subscribed 7