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Project costs under Bharatmala estimated at Rs 10 lakh crore: Nitin Gadkari

Citing the example of Uttar Pradesh, Gadkari said that some states are coming forward to share 50% of the total land acquisition costs, which is helping in swift implementation of projects.

, ET Bureau|
Jun 24, 2019, 09.52 PM IST
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Nitin Gadkari
Gadkari said that with state governments must share land acquisition costs for viability of road projects. “This is a serious problem in Kerala, the land acquisition cost is so high, it's unimaginable,” he pointed out.
NEW DELHI: The BJP government’s national highways building program Bharatmala will need funding of around Rs. 10 lakh crore owing to rising land acquisition costs, minister of road transport and highways Nitin Gadkari said.

Around 65,000 kms of national highways are to be constructed under the Bharatmala Pariyojana. Under the first phase, the National Highways Authority of India will build a total 34,800 kms of national highways by 2022. The initial cost estimated for Bharatmala-I was Rs. 5.35 lakh crore.

“Most important thing is, for the total project costing is going up to Rs 10 lakh crore,” Gadkari responded during the question hour in Rajya Sabha on Monday. He said that the funding requirement for phase-II of Bharatmala is not yet calculated.

“We are raising money from the market. For this Bharatmala, finance ministry has not given a single rupee to us. We are only getting money from the capital market. We are making TOT (Toll-Operate-Transfer)model, we are capitalizing the projects and we are raising funds from the overseas market,” he added.

Gadkari said that with state governments must share land acquisition costs for viability of road projects. “This is a serious problem in Kerala, the land acquisition cost is so high, it's unimaginable,” he pointed out.

“Projects are not delayed because of land acquistion now. It is a great achievement of our government under PM Narendra Modi. The maximum problem in construction is related to DPR (detailed project report),” Gadkari said. He said that his ministry has mandated use of innovative technology, drones, in preparation of the DPR.

“No project is being awarded without confirming the availability of 80% land,” he added.

Citing the example of Uttar Pradesh, Gadkari said that some states are coming forward to share 50% of the total land acquisition costs, which is helping in swift implementation of projects.

The first phase of the Bharatmala program approved in 2017 includes construction of 24,800 km of national highways, in addition to 10,000 km of balance road works under the national highways development program. "I am happy to inform that projects of 8,000 kms have already been awarded," Gadkari said.
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