Modi government’s flagship highways project, Bharatmala, is facing numerous roadblocks, including fund crunch, slow land acquisition and delay in preparing detailed project reports (DPRs) leaving the Centre red faced.
According to a report by Hindustan Times, the government has prepared a half-yearly report to review the progress of its ambitious infrastructure programme. The report has submitted grave results, stating that the programme is likely to be delayed due to slow land acquisition, delay in DPR preparation, lingering bidding process, appointment of concessionaires and physical construction.
Bharatmala envisions to construct over 60,000 kilometer of national highways with a total capital outlay of Rs 6.92 lakh crore in two phases.
The first phase, from 2017 to 2022, will construct 34,800 km of national highways inclusive of 10,000 km under National Highways Development Project (NHDP) and is worth Rs 5.35 lakh crore. Read More
Latest posts by Moneycontrol.com (see all)
- Sterlite Power doubles transmission capacity in Lucknow - June 24, 2019
- Inox Wind commissions common power evacuation facilities in Gujarat - June 24, 2019
- Tata Power eyeing InvIT route for monetising renewable energy assets - June 22, 2019