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NHAI to Enter the Realty Frame to Fund Bharatmala Project

National Highways Authority of India. The nodal agency of the Government of India will enquire state governments for acquiring land parcels along with project land, and then decide if they have to develop it on its own or auction to raise funds for the Bharatmala Project.<br>

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NHAI to Enter the Realty Frame to Fund Bharatmala Project

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  1. N H A I t o E n t e r t h e R e a l t y F r a me t o F u n d B h a r a t ma l a P r o j e c t T h e N a t i o n a l H i g h w a y s A u t h o r i t y o f I n d i a i s s e t t o f o r a y i n t o r e a l e s t a t e d e v e l o p me n t t o f u n d t h e h i g h w a y p r o j e c t s i n t h e c u r r e n t fi n a n c i a l y e a r a n d t h e a mb i t i o u s B h a r a t ma l a P r o j e c t . T h e e s t i ma t e d c o s t o f h i g h w a y c o n s t r u c t i o n i s R s 1 . 5 t r i l l i o n a n d t h e o v e r a l l e x p e n d i t u r e f o r t h e B h a r a t ma l a p r o j e c t w i l l e x c e e d R s 5 . 9 t r i l l i o n . B h a r a t ma l a P a r i y o j a n a i s a c e n t r a l l y - f u n d e d r o a d s a n d h i g h w a y s p r o j e c t o f t h e G o v e r n me n t o f I n d i a . U p u n t i l n o w , o n l y p r i v a t e d e v e l o p e r s w e r e r e a p i n g b e n e fi t s o f t h i s p r i c e e s c a l a t i o n t h a t r e s u l t e d f r o m t h e c o n s t r u c t i o n p r o j e c t s i n i t i a t e d b y t h e N a t i o n a l H i g h w a y s A u t h o r i t y o f I n d i a . T h e n o d a l a g e n c y o f t h e G o v e r n me n t o f I n d i a w i l l e n q u i r e s t a t e g o v e r n me n t s f o r a c q u i r i n g l a n d p a r c e l s a l o n g w i t h p r o j e c t l a n d , a n d t h e n d e c i d e i f t h e y h a v e t o d e v e l o p i t o n i t s o w n o r a u c t i o n t o r a i s e f u n d s f o r t h e B h a r a t ma l a P r o j e c t . I t i s a l s o b e i n g s a i d t h a t a c o n s u l t a n c y fi r m h a s b e e n h i r e d t o e v a l u a t e t h e i d e a f r o m a l l p a r a me t e r s a n d d e s i g n a w h i t e p a p e r o n t h i s u n d e r v a l u e p u r c h a s e fi n a n c i n g u n d e r B h a r a t ma l a . A l a n d p a r c e l o f 1 - 2 s q u a r e k i l o me t r e s w i l l b e s o u g h t i n a n d a r o u n d t h e r i n g r o a d s , w h i l e l a n d a r e a t o t a l i n g 5 - 6 s q u a r e k i l o me t r e s w i l l b e s o u g h t a l o n g t h e g r e e n fi e l d e x p r e s s w a y s . A c a p i s a l s o s e t t o b e p u t o n t h e a r e a w h e r e r e a l t y d e v e l o p me n t w i l l t a k e p l a c e a l o n g t h e h i g h w a y s a n d r i n g r o a d s t o p r o t e c t N H A I ’ s a n d s t a t e g o v e r n me n t s ’ i n t e r e s t s . T h e B h a r a t ma l a p r o j e c t c o v e r s a n e t w o r k w h i c h i s 8 3 , 6 7 7 k m w i d e w i t h t h e e s t i ma t e d i n v e s t me n t i n e x c e s s o f R s 5 . 3 5 l a k h c r o r e . T h e p r o j e c t w i l l b u i l d h i g h w a y s c o n n e c t i n g G u j a r a t , R a j a s t h a n , a n d P u n j a b , a n d t h e n t h e e n t i r e s t r i n g o f t h e H i ma l a y a n S t a t e s n a me l y J a mmu a n d K a s h mi r , H i ma c h a l P r a d e s h a n d U t t a r a k h a n d . S o me b o r d e r a r e a s o f U t t a r P r a d e s h a n d B i h a r a r e a l s o p a r t o f t h i s g r a n d r o a d n e t w o r k i n g p l a n . C o n n e c t i n g f a r - fl u n g b o r d e r a n d r u r a l a r e a s i s t h e ma i n a g e n d a b e h i n d t h e i n i t i a t i o n o f t h i s p r o j e c t . B h a r a t ma l a w i l l a l s o r a i s e t h e n u mb e r o f c o r r i d o r s t o 5 0 ( f r o m c u r r e n t 6 ) . I n t h e r u n , p o s t - B h a r a t ma l a , 2 3 2 p r o j e c t s w e r e p u t o n t e n d e r c o v e r i n g o v e r 1 1 , 2 0 0 k m o f r o a d l e n g t h w i t h c o s t s e x c e e d i n g R s 1 , 9 6 0 b i l l i o n . T h e p r o j e c t s g r a n t e d i n c l u d e a c o v e r a g e o f 1 , 2 3 4 k m i n R a j a s t h a n , 7 4 7 k m i n O d i s h a , 7 3 9 k m i n Ma h a r a s h t r a , 7 2 5 k m i n U t t a r P r a d e s h , 5 1 1 k m i n T a mi l N a d u , 5 0 4 k m i n A n d h r a P r a d e s h , 4 6 8 k m i n K a r n a t a k a a n d b a l a n c e i n o t h e r s t a t e s . I t i s w i d e l y e x p e c t e d t h a t p r o j e c t s w i t h a c o v e r a g e o f a r o u n d 3 0 0 0 k m w i l l b e a w a r d e d i n t h e fi r s t f e w mo n t h s o f F Y 2 0 1 8 - 1 9 i t s e l f . T h e N H A I h a s b e e n b r a i n s t o r mi n g v a r i o u s me t h o d s t o f u n d t h e B h a r a t ma l a p r o j e c t . T h e Ma c q u a r i e G r o u p i s r e p o r t e d l y r e a d y t o ma k e a n u p f r o n t p a y me n t o f R s 9 , 6 8 1 . 5 c r o r e t o ma n a g e 6 4 8 k m o f c o u n t r y ’ s N H s . I n t h e b a c k g r o u n d , N H A I h a s a l s o b e e n w o r k i n g o n a n e q u i t y - f u n d i n g mo d e l f o r i t s u p c o mi n g e x p r e s s w a y a n d e c o n o mi c c o r r i d o r .

  2. # B h a r a t ma l a P r o j e c t # H i g h w a y P r o j e c t s i n I n d i a # R o a d T r a n s p o r t I n d i a

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