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“The plan is to develop them as 4 or 6-lane highways and then recover investments through toll collection within 12-13 years,” said the Union Road Transport and Highways Minister Nitin Gadkari.
He said this while virtually addressing the 12th International Convention of the Association Of the National Exchanges Members Of India, ANMI.
Upcoming National Highway Projects in India
27 Green Express Highways are coming up in the country. By the end of this year, there will be highways connecting…
- Delhi-Dehradun in 2 hrs
- Delhi-Hardwar in 2 hrs
- Delhi-Jaipur in 2 hrs
- Delhi-Chandigarh in 2.5 hrs
- Delhi-Amritsar in 4 hrs
- Delhi-Srinagar in 8 hrs
- Delhi-Katra in 6 hrs
- Delhi-Mumbai in 10 hrs
- Chennai-Bangalore in 2 hrs and
- Lucknow-Kanpur in half an hour
Highway projects connecting Mumbai to Bangalore (reducing the journey to 5 hours), Gorakhpur to Siliguri and Varanasi to Kolkata are also on the cards.
Interesting Facts on Indian Roads
- India gets Rs 40 thousand crores from tolls per year at present. Chances are it will rise to Rs 1 lakh 40 thousand crores by the end of 2024.
- On average, 40 km of roads are constructed per day in the country.
- India has a total of 65 lakh km length of road with National Highways contributing 1.45 lakh Km of these.
- To reduce forex outflow on crude oil, and increase self-sufficiency in energy, the centre is diversifying its fuel base to include ethanol, methanol, bio-diesel, bio-LNG, BIO-CNG, electric and green hydrogen to the mix.
- Making ethanol from sugar cane, bamboo, and other agricultural products will also help the country in increasing its GDP in agriculture.
About ANMI:
The Association of National Exchanges Members of India (ANMI) is an association comprising around 900 Stock Brokers from across the country. Its objective is to work for the growth of the capital markets, and to protect the interests of investors by being a medium between regulators, exchanges and other participants.
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