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Gadkari urges private players to invest in expressways

Gadkari urges private players to invest in expressways
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Union Minister Nitin Gadkari on Saturday asked private players to invest liberally in expressways, waterways and irrigation projects as well as towards the Clean Ganga Mission

New Delhi: Union Minister Nitin Gadkari on Saturday asked private players to invest liberally in expressways, waterways and irrigation projects as well as towards the 'Clean Ganga Mission'. "Private players should consider investing in fast-growing expressways, highways, waterways, irrigation projects and projects under 'Clean Ganga Mission'," Road Transport and Shipping Minister Gadkari said while addressing the 91st Annual General Meeting of the industry body FICCI through video conferencing.

The government had brought down the cost of land acquisition drastically to Rs 80 lakh per km from Rs 7.5 crore per km earlier for the development of expressways, Gadkari said adding that private players should take advantage of the reduced land acquisition and labour cost. He further said that land can even be made available to Indian Railways for bullet train routes. "Access controlled expressway of Delhi would reduce automotive pollution by 60 per cent in the city as the traffic will pass through the external ring roads without entering Delhi. The Bengaluru-Chennai expressway would be operational from January next year and the 12-lane Bombay-Delhi expressway, currently under construction, would reduce the distance between the two metros by 120 km," the Minister said.

He suggested the use of methanol and LNG as fuel to reduce the cost of logistics and added that the government intent to achieve the target of building roads at 40 kms/day by the end of this fiscal year. Gadkari said the government had decided to use 111 rivers for waterways and sought industry's cooperation in transport of goods through this channel to reduce transportation cost. Under the 'Clean Ganga Mission', about 10-15 per cent of the 280 projects had been completed.

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