One crore job to be created under Bharatmala project: Gadkari

One crore job to be created under Bharatmala project: Gadkari

One crore job to be created under Bharatmala project: Gadkari

The Bharatmala project is part of the 83,677 km road project approved on Tuesday and will generate huge direct and indirect employment in construction activity, the Minister said.

"These road building projects, including the "Bharatmala" project of around 35,000 km with an investment of Rs. 5.35 lakh crore, is likely to create 14.2 crore man-days of jobs", the Cabinet said. 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. He said the programme has been created to bridge the gaps in the existing highways infrastructure so as to make the movement of man and material more efficient.

Gadkari said Bharartmala will be transparent and corruption free and, in synergy with Sagarmala, boost connectivity to coastal areas to enable port-led economic development and coastal tourism.

He said its first phase includes 24,800 km of roads - economic corridors, border and coastal roads, and greenfield expressways. With this, 70-80 per cent of freight will move along NH as against the 40 per cent at present.

There will be 9,000 km of economic corridors, inter-corridor and feeder routes (6,000 km), national corridors efficiency improvement (5,000 km), border roads and global connectivity (2,000 km), coastal roads and port connectivity (2,000 km) and greenfield expressways (800 km) in the first phase.

The announcement comes barely few months after Union Minister Nitin Gadkari told PTI that an umbrella programme for roads - Bharatmala - will hit the ground soon subsuming all existing highway projects, including the flagship National Highways Development Project (NHDP).

Bharatmala Phase I will be implemented from 2017-18 to 2021-22.

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Gadkari said that the Ministry has finalised the proposals to construct 28 new ring roads.

As Bharatmala will require over Rs 5 lakh crore, the government has various fundraising plans under its sleeve.

"With the government spending more on EPC under Bharatmala, it should certainly help not only the road industry but also the economy", said another analyst.

Around 26,200 km of economic corridors, 8,000 km of inter-corridors and around 7,500 km of feeder corridors have been identified under Bharatmala.

On the funding for Bharatmala, Lavasa said debt worth Rs 2.09 lakh crore will be raised, while private investment worth Rs 1.06 lakh crore will be mobilised through the PPP route.

The government will fund Bharatmala project through market borrowings, central road funds, monetising government-owned road assets, and budgetary allocationBharatmala project through market borrowings, central road funds, monetising government-owned road assets, and budgetary allocation.

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