With the financial implication estimated at Rs 1.44 lakh crore, projects for constructing 6,320 km of roads have been awarded under the first phase of the Bharatmala project.
Elaborating, the Road Transport and Highways Minister, Mr Nitin Gadkari, has said that the total investment for Bharatmala is expected to be around Rs 7.50 lakh crore for constructing about 84,000 km of road.
“Out of the total financial outlay of Rs 5,35,000 crore allocated for Bharatmala Pariyojana Phase-I, projects with financial implication of approximately Rs 1,44,300 crore for a length of about 6,320 km have been awarded,” he informed. The Minister noted that these projects were awarded up to June 2018.
Under the first phase, a total of 34,800 km of roads, including 10,000 km of residual National Highway Development Project, have been approved for development. The first phase of Bharatmala is to be implemented during the period 2017-18 to 2021-22.
The Bharatmala Pariyojana is a Central-sponsored and funded road and highways project of the government of India.
