Page 30 - DIGITAL ISSUE MAY 2018

ROAD & ROAD CONSTRUCTION EQUIPMENT

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Around 60 per cent roads in developed nations are multi-lane expressways, national and state highways. The round 60 per cent roads in developed nations are multi-lane expressways, national and state highways. The
A
corresponding number for India is a meagre 6 per cent or 2,56,749 Km roads across the length and width of the
country. These figures reflect the growing need for construction equipment and the innumerable opportunities
that the sector presents to the players in the industry. With the government waking up to this gap and giving due
emphasis to the sector, time has come for the industry to put their acts together and develop world-class road
network to aid in the economic growth of the country reports Prerna Sharma.
On an average, 27. 5 km of highways were FACT SHEET said. Terming the Budget as “pro
constructed every day in FY18, while ROAD MINISTRY'S FY18 REPORT CARD poor, pro people” and excellent for the
b
contracts were awarded for an average 9830 km benefit of masses, Union enefit of masses,
Transport and Highway ransport and Highway
46 km per day, a top road transport and T
highways ministry official said recently. of highways built fir `1. 2 lakh crore Minister Nitin Gadkari inister Nitin Gadkari
M
s
e construction of 10,000 km of National 27 km said,“Infrastructure got aid,“Infrastructure got
p
Highways last year compares with 8,231 km per day of highway construction in FY18 priority like always. The riority like always. The
b
in FY17 and 4,260 km (11 km per day) in Highway budget for highways has been udget for highways has been
FY14, the last year of the UPA government. construction contracts for 17,300 km increased by about `7,000
increased by about
Contracts were awarded for 17,000 km in 15848 km crore.” e budgetary allocation for the
FY18 compared with 15,848 km a year was awarded in FY17 Ministry of Road Transport and Highways
earlier and 3,169 km (8 km per day) in has been increased to `71,000 crore for
FY14. PLANS FOR FY19: 2018-19 from `64,900 crore in the ongoing
Listing road building as a priority area, More Focus on greenfield projects scal.
Finance Minister Arun Jaitley said that New Formula for daily road laying target “Infrastructure is the growth driver of
the Narendra Modi government has the economy. Our country needs massive
scaled new heights in the sector and was `5. 35 lakh crore. investment in excess of `50 lakh crore in
con dent of building more than 9,000 km “To raise equity from the market for infrastructure to increase growth of GDP
of highways in 2017-18. He said that the its mature assets, NHAI will consider and integrate the nation with a network
ambitious Bharatmala Pariyojna has been organising its road assets into special of roads, airports, railways, inland water
approved for proving seamless connectivity purpose vehicles and use innovative and to provide good quality services to the
of interior and backward areas and borders monetising structures like Toll Operate people,” the minister said.
of the country to develop about 35,000 km and Transfer (TOT) and Infrastructure e government is working on a green eld
in phase one at an estimated cost of about Investment Funds (InvITs),” Jaitley expressway between Delhi and Mumbai,

34 CONSTRUCTION OPPORTUNITIES|MAY 2018