Know All About Bharatmala Pariyojana

To boost connectivity, notably along economic corridors, border regions, and remote locations, the essential authorities unveiled the Bharatmala project, a daring toll road improvement program, in 2017. The Bharatmala project is a government-funded mega-roads and highways project in India, under which the significant authorities intend to build a reliable high-speed avenue community all over the nation.

After the National Highways Development Project, this is India’s second-largest highway production project. The National Highways Development Project is said to be India’s largest highway construction project, with the Bharatmala endeavor coming in second (NHDP). The avenue community that was built below the center’s major Bharatmala project is likely to facilitate speedier cargo movements and boost international trade, among other things.

After the union cabinet approved the project on October 25, 2017, Nitin Gadkari, the federal shipping minister, said that “Bharatmala will carry down logistical value, affecting exports and investment.” Additionally, quicker action is likely to reduce supply chain costs from the current average of 18% to 6%.

According to a statement from the Road Transport Ministry, “the project specializes in optimizing the performance of freight and passenger motion throughout the country through ways of bridging crucial infrastructure gaps through interventions like the development of financial corridors, inter-corridors, and feeder routes, improvement of countrywide hall performance, border and global connectivity roads, coastal and port connectivity roads, and greenfield motorways.”

High minister Narendra Modi’s puppy project has a special focus on providing connectivity to India’s north-jap states. It begins in Gujarat and Rajasthan before moving on to Punjab, Jammu and Kashmir, Himachal Pradesh, Uttarakhand, parts of Uttar Pradesh, Bihar, and West Bengal, before hitting Sikkim, Assam, Arunachal Pradesh, Manipur, and Mizoram.

While the National Highways Authority of India (NHAI) intended to build this entire road network by the year 2022, work on the Bharatmala project Phase 1 is likely to be delayed by four years due to problems with land acquisition, cost overruns, and a few waves of the coronavirus epidemic. The government reported in October 2020 that it had constructed 2,921 km of motorways beneath Phase 1. ICRA, a credit rating agency, estimates that assuming painting contracts are completely awarded by FY 2023, Phase 1 construction might be completed by FY 2026.

Growing Bharatmala Phase 1 was originally estimated to cost Rs. 5.35 lakh crores, but due in part to delays in land acquisition, the price has risen to Rs. 8.55 lakh crores.

Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.

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