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NHDP Benefits & Economic Stimulus

NHDP Benefits & Economic Stimulus. NHDP Benefits. Major economic & social benefits Vehicle operating cost saving Travel time saving Fuel saving Benefits to trade especially movement of perishable goods Saving in maintenance costs Reduced accidents Area development.

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NHDP Benefits & Economic Stimulus

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  1. NHDP Benefits & Economic Stimulus

  2. NHDP Benefits • Major economic & social benefits • Vehicle operating cost saving • Travel time saving • Fuel saving • Benefits to trade especially movement of perishable goods • Saving in maintenance costs • Reduced accidents • Area development As per World Bank Estimated benefits Rs.8,000 crs /annum on GQ only

  3. NHDP – Economic Stimulus Cement & Steel and Equipment • Annual Average Requirement: 2001 –2004 • - Cement :30 - 40 Lakh Metric Tonne • - Steel :3.0 Lakh Metric Tonne • Assumptions for cement and steel consumption per km are: • Equipment • Tippers : 5100 (All domestic) • Tractors : 1020 (All domestic) • Excavators : 170 (All domestic) • Graders : 140 (50 % Domestic) • Rollers : 280 (50 % Domestic) • Small Batching Plants: 35 (All domestic) • Tractors : 1020 (All domestic) • Transit Mixers : 100 (All domestic)

  4. NHDP – Economic Stimulus Employment Generation • Workers (Skilled & Unskilled)2,50,000 Persons per day • 40 persons per Km. per day • Supervisors 10,000 staff per day • 2 Supervisors per day • By December 200318 crore mandays • (completion of NHDP Phase I)

  5. NHDP – Economic Stimulus – contd.. Impact already being felt (As per figures of press note from press information bureau, Government of India) Category Growth Cement 8.1% Steel 6.8% Commercial Vehicle (mainly goods carriers) 53%

  6. MAJOR GOVERNMENT INITIATIVE FOR HIGHWAY DEVELOPMENT ·Incentives • ·Income-Tax exemption for 10 years from NHDP earnings has been given. • ·Total Custom Duty Exemption on Road Building Equipment, for NHDP ·In BOT Schemes, Grant upto 40% can be given. • ·The NHAI Bond exempted from Capital Bonds. • ·Model Concession Agreement(s) for projects less than and above 100 crores (available at http://www.nhai.org). ·Bonus of 1% upto 6 months for early completion. • ·Faster decision making, operational issues and award of contracts delegated to NHAI. • ·Prompt payment within 15 days. · Dis-incentives • ·Liquidated damages for delay in completion(1.5% per month, maximum upto 10%) · Monitoring · Proactive Monitoring System ·Periodical reviews by Hon’ble Prime Minister ·Regular reviews & site inspection by Hon’ble Minister ·Field offices connected to Head Office through E-mail ·Daily Progress Report sent to H.Q. from field units

  7. Value addition

  8. Value Addition and Safety features Value addition to be a continuous process with tolls • 2-Lane dual carriageway • Service Roads to cater to local traffic • Grade Separators • No Railway level crossing • Highway Traffic Management System • Highway patrolling & Ambulance Services • Way side amenities

  9. Thank You

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