A Rs 5.35 lakh crore garland of roads to adorn India

26 October, 2017, 00:16 | Author: Essie Rivera
  • Wikimedia Commons

The Union Cabinet on Tuesday nodded in approval for road building projects worth Rs. 7 lakh crore, including the ambitious "Bharatmala programme" launched by Prime Minister Narendra Modi's Government.

Aside from providing a boost to the country's infrastructure, the project aims to set in motion economic activity as well as generate as many as 32 crore man days throughout the country by 2022. The project will be divided into two parts - Rs 5.35 lakh crore investments will be made under Bharatmala Pariyojana scheme to construct 34,800 km of roads. The program will cover 83,677 km of roads and will involve a capital expenditure of Rs 6.92 lakhs crore over the next 5 years. "India will have world-class roads on par with the U.S. and Germany and special emphasis has been accorded to providing quality roads on borders adjoining China and Pakistan, besides far-flung tribal areas", he said.

"Bharatmala will give the country 50 national corridors, compared with six at present".

He said 44 economic corridors being created with thrust on job creation.

The transport and highways ministry has sought a restoration of the allocation and has told the finance ministry that major road works are usually undertaken during October-March after the rainy season gets over.

Fox kept O'Reilly despite harassment suit
The latest woman to accuse O'Reilly is Lis Wiehl, who had been a legal analyst for the network for 15 years. O'Reilly claimed to the New York Times that he "never mistreated anyone" and claimed he could "prove it".

De Bruyne: Man City, United fighting for title
Pep Guardiola and Sean Dyche had differing views on the penalty that set Manchester City on the way to their 3-0 win over Burnley. Aguero was playing his first match since breaking a rib in a auto crash in Amsterdam three weeks ago.

Next Insider update could bring mouse support on Xbox
The Xbox One update lets you personalise your Home, features an improved Guide , more notifications and a performance boost. The newly redesigned Game Hub Welcome tab now features a summary of all the great content around the game on one page.

Under Bharatmala, the Road Transport and Highways ministry will construct 9,000 km of economic corridors across the country. A total of around 600 projects have been identified across the components for Bharatmala which is a new umbrella programme for the highways sector that focuses on optimising the efficiency of road traffic movement across the country by bridging critical infrastructure gaps. Seventy to 80 per cent of freight will move along the national highways against 40 per cent at present. Bharatmala Phase I - is to be implemented over a five years period of 2017-18 to 2021-22.

"For the highway construction programme, Rs 2.09 lakh will come from market borrowing, Rs 1.06 lakh crore is expected to come through private investment and Rs 2.19 lakh crore will come from the central road fund and through toll operate transfer model", Lavasa said.

Bharatmala is likely to result in increasing average vehicular speed by 20-25 percent, reducing supply chain costs by 5 to 6 percent and besides giving impetus to production and exports.

"The government's decision to enhance spending in roads and highways, including port connectivity and border and cross-border roads, will have a big multiplier impact on economic growth", Chandrajit Banerjee, director general of the CII, said.

For projects not covered under the Bharatmala programme, Rs97,000 crore will be provided by the CRF and Rs59,000 crore will be provided as gross budgetary support.

Recommended:

  • As panel questions Trump associates, GOP launches new probes

    As panel questions Trump associates, GOP launches new probes

    Hillary Clinton may have lost the presidential election, but she hasn't lost the interest of Republicans. Then-President Barack Obama speaks in the Diplomatic Reception Room of the White House in 2010.
    3 dead, 1 injured in Fort Collins shooting near CSU campus

    3 dead, 1 injured in Fort Collins shooting near CSU campus

    She worked at Rocky Mountain Student Media Corp., which operates The Rocky Mountain Collegian, an independent newspaper at CSU. It was there that police believe Zamora showed up and killed McNealy and Kemp before killing himself.
    PM inaugurates country's first All India Institute of Ayurved

    PM inaugurates country's first All India Institute of Ayurved

    The prime minister urged private players to use part of their corporate social responsibility funds to help strengthen Ayurveda . He said the Ministries of Ayush and Agriculture can guide farmers to sow medicinal plants in their fields.
  • Taylor Swift Goes TOTALLY Naked In New Music Video

    Taylor Swift Goes TOTALLY Naked In New Music Video

    The singer shed her clothes for the raunchy new pop promo for Are You Ready For It to play a sexy robot, The Sun reports. We see Taylor wearing huge hooded cape as she enters a dark underworld.
    Trump Has No Plans to Block Scheduled Release of JFK Records

    Trump Has No Plans to Block Scheduled Release of JFK Records

    Morley said Harvey led the agency's assassinations operations and feuded constantly with Kennedy's brother, Robert F. The agencies will not say whether they have appealed to the president to keep the records under wraps.
    SC refers case on women's entry in Sabarimala shrine to Constitution bench

    SC refers case on women's entry in Sabarimala shrine to Constitution bench

    Initially, the LD Government followed the women's entry into the temple in 2007, which was later turned over to UDF Government. When the lord himself says don't allow access to women in the age of 10 and 50, how can the court go into that question.
  • Dow surges 100 points through 23000 as IBM shares jump

    The index first breached the 23,000 milestone on Tuesday, but later dipped to close three points below the mark. Second, unlike the S&P 500 , which is a market-cap-weighted index, the Dow is a price-weighted index.

    Microsoft Email-Access Fight With US Gets Supreme Court Review

    The appeals court ruled that current US law does not give judges the right to issue search warrants that reach outside the U.S. Officials obtained a search warrant, but Microsoft refused to turn over the information, taking the matter to court instead.
    North Korea crisis: Tillerson says diplomacy will continue

    North Korea crisis: Tillerson says diplomacy will continue

    I go out and do the best I can to execute those decisions successfully. "I think this is an unconventional president. Tillerson pushed back on Corker's comments on Sunday, telling Tapper, "I checked, I'm fully intact".
  • Reality star falls through stage in brutal awards show gaffe

    Reality star falls through stage in brutal awards show gaffe

    Ben then asked if the production company had warned her that the Love Islanders would be coming up from underneath. Collins did not appear to notice and slipped, taking a nasty tumble into the hole.
    Three arrested in Florida shooting after white supremacist's speech

    Three arrested in Florida shooting after white supremacist's speech

    Another bystander said they memorized the license plate number of the vehicle and shared it with police. The cost of security for Spencer's event was estimated by the University of Florida at $600,000.
    Iraqi forces seize oil-city of Kirkuk from Kurds

    Iraqi forces seize oil-city of Kirkuk from Kurds

    A video shared online showed six bodies of what appeared to be Kurdish peshmerga soldiers lying by a roadside near Iraqi vehicles. Iraq's government barred global flights to and from the region and asked neighbouring Turkey and Iran to close their borders.


Popular

Stacy Lyn Shares Personal Story For Breast Cancer Awareness Month
In total, they analysed genetic data from 275,000 women, of whom 146,000 had been diagnosed with breast cancer . Others, known as oestrogen-receptor negative, are not affected by the hormone and are more hard to treat.

Volvo's performance brand Polestar to turn electric by 2019
It will be a mid-sized BEV, joining the competition around Tesla Model 3 , and with consequently higher volumes than Polestar 1. Now it makes the 362 BHP Polestar variants of the S60 and V60 as well as performance upgrades for existing Volvo cars.

'Tremendous Concern' Over Jeremy Lin Knee Injury
ESPN's Adrian Wojnarowski was the first to report the news, and the Nets later confirmed it to The Vertical's Chris Mannix . Lin was helped to the locker room but eventually limped off the floor under his own power.

Meghan Markle & Prince Harry Had a Secret Tea Party With the Queen
The important meeting happened last Thursday, just two days after Her Majesty returned home from her extended holiday in Scotland. We're sure Harry's mother would be so proud of everything he's accomplished - especially his mature relationship with Meghan.

Duchess Kate Makes Her Second Surprise Appearance This Week
Due to this, the Palace postponed some of the November schedules for the royal tour to Norway, Sweden, and Finland. The royal couple have two children, Prince George and Princess Charlotte .

A School Named After Jefferson Davis Will Be Renamed After Obama
The school PTA took suggestions for a new name from parents, students and employees, Jefferson said. The names of famous confederate leaders, meanwhile, can be found on campuses across the state.

Suspect in Maryland killings also linked to Wilmington, Delaware shooting
Police say this is a case of targeted killing and not a random shooting. "I think they were just so scared they didn't (call 911). Harford County Public Schools are requiring students at specific schools to remain inside and no visitors are allowed to enter.

Federation Internationale de Football Association confirms 8 top-seeded teams in World Cup draw
The men's national team, which qualified for the 2018 FIFA World Cup last month, started 2017 as the world's 37th-ranked team. The seeded teams have been decided by October's FIFA/Coca-Cola World Ranking, published today.

Soccer star still leading in Liberia presidential election
Official reports had shown that Weah was leading during the week. "This commission has not declared any victor ", he stressed. One of the largest political parties called for a halt to vote-counting Thursday, alleging voting irregularities and fraud.

26 fall ill due to suspected food poisoning on Tejas Express
The IRCTC said all the passengers now hospitalised were out of danger and the same has been confirmed by hospital authorities. According to some of the passengers, they were served breakfast at 9.30 am followed by vegetable tomato soup at noon.