10 Mega Infrastructure Project That Will Change India
In this article, we will focus on the development of the Road and Highways sector. The big infra-projects under the Modi government and how new age infrastructure projects are transforming India. read the full article to know complete details.
INTRODUCTION TO MEGA PROJECTS IN INDIA: -
Infrastructure is one of the major drivers of our economy. More investment in infrastructure translates into more growth and productivity. It also generates better physical and digital access and many future opportunities. Throughout its tenure, the current NDA government led by Prime Minister Modi has been relentlessly pushing for infrastructure development. Since 2014, the country has seen a palpable growth in roadways, railways, metros, waterways and other rapid transport systems. Airports have come up in remote areas while the North Eastern Region has been connected by an expanded train network.
The infrastructure includes Power, Bridges, Dams, roads and urban infrastructure. It employs 44 million people and contributes 9% in India’s GDP.
In this article, we will focus on the development of the Road and Highways sector. The big infra-projects under the Modi government and how new age infrastructure projects are transforming India.
Private Sector Partnership
In the road sector, the government policy to increase private sector participation has proved, the success as many private players entering the business.
- Private sector emerging as a key player across various infrastructure segments.
- Union Budget 2018-19 allocated nearly 65,000 Crore rupees for infrastructure.
Through the Public-private participation model.
- India is expected to become the 3rd largest construction market globally by 2022.
- All villages in India will be connected through a road network by 2019 under Pradhan Mantri Gram Sadak Yojana
- In Aug 2017, a new metro rail policy was announced to boost private investment.
- The government also working on improving energy infrastructure in the country.
- Investment opportunities worth US$ 300 billion will be available in the coming 10 years.
Market Size and Investment
According to the Department of industrial policy and promotion.
- FDI received in construction development sector including Town-ship, housing and build-up infrastructure from April 2000 to June 2018 stood at US$ 24.87 billion.
- Logistics sector in India is growing at a CAGR of 10.5% annually.
- India required the investment of ₹50 Trillion by 2022 to have sustainable development in the country.
- India is witnessing significant interest from international investors in the infrastructure space.
- In June 2018, the AIIB announced a US$ 200 million investment into the national investment & infrastructure fund.
- Private equity and venture capital investment in the infrastructure sector reached US$ 1827 million during Jan-Nov 2018.
It is one of the most important factors in the progress of the country. By linking producers to market, workers to the job and sick to hospital. Roads are vital to any development agenda. The road transport and highways ministry set itself the target to increase national highway to 2 lakh km in 2022.
- Overall budgetary allocation increased from 32,000 crores to ₹72,000 crore between 2014-15 and 2018-19.
- In 2018, construction of highways reached 9,829 km built at an average of 26.93 km per day.
- In 2019, Target to construct 10,000 km national highway.
- By 2022, Total of 200,000 km national highways expected to be completed.
- Around 200 road projects worth ₹1.5 lakh crore be completed by mid-2019.
- Among these, Maharashtra has 52 on-going projects worth ₹38,029 crore.
- UP has 45 projects worth ₹37,926 crore and Rajasthan has 28 projects worth ₹21,292 crore.
- For strategic infrastructure in north-east, ₹1.9lakh sanctioned for the 14,000 km road project.
Mega infrastructural Projects of NDA government
NDA government has been launched many ambitious mega projects in india in its tenure. It is also working hard on many projects that can showcase as the major infrastructural achievement. Quite a few are roads, railway and waterway have already completed. Some are been implemented with a strict deadline to ensure the completion of the project on time.
1. Inter Linking of Rivers:
- The Rivers Inter-link is a proposed large-scale infrastructure project to effectively manage water resources by linking rivers with a network of reservoirs and canals, which also reduce persistent floods.
- The government has started working on three river inter-linking projects, Ken-Betwa, Par-Tapi-Narmada, and Damanganga-Pinjal.
- The projects will cost the government around 40,000 crores and the latest technology will be used in their construction.
2. Bogibeel Bridge
On Dec 2018, PM Narendra Modi inaugurated the Bogibeel Bridge in Assam.
- The 4.9km long bridge is Asia’s 2nd longest railroad bridge.
- This bridge boosts the defence logistics along the China border and reduces travel time for passengers.
- It also reduces the distance from north-east by 165km.
3. PERIPHERAL EXPRESSWAY PROJECT
- Expressway (WPE) and Eastern Peripheral Expressway (EPE).It is the first access control expressway of the country comprising of two expressways.
- The expressway forms a ring road around the Delhi with the length of 270km and allows the bypass for traffic moment for Delhi and headed towards the states of UP, Uttarakhand, Punjab, Haryana, and JK.
- The project will decongest Delhi and is being built at a cost of over ₹11000 crore. The government has inaugurated EPE in 2017.
4. Bharat Mala:
Bharat Mala is one the biggest highways construction in Indian history.
- This ambitious project is central government funded road and highways project.
- The total investment 83,677km highways are estimated at ₹5.35Lakh crore.
- It aims linking west to east and which also connect coastal state from Maharashtra to West Bangle.
5. Char-Dham Highway Development project:
- Under this project government plans to develop around 900 km of national highways in Uttarakhand at the cost of ₹12,000 crore.
- The national highway aims to improve connectivity among the pilgrimage centers of Kedarnath, Badrinath, Gangotri, and Yamunotri.
- The road ministry plans to improve the stretches by widening them to the two-lane carriageway and protecting the road from landslide hazards by constructing bypasses, bridges, tunnels and elevated roads.
6. Chenab Bridge:
- The Chenab Bridge over river Chenab in Jammu and Kashmir is the world’s highest bridge which is expected to be 35 meters taller than the Eiffel Tower.
- The arch bridge is 4,314 feet long and is 1,178 feet above the river on the Kauri side.
- This bridge has been designed to withstand wind speeds of up to 260 km per hour and is being termed as an engineering marvel that will connect Bakkal (Katra) and Kauri (Srinagar).
- It is being built at a cost of around ₹1,100 crore. The bridge was scheduled to be completed in 2009 but the construction was canceled. The reconstruction started in 2010 and the present government wants it to be completed by 2019.
7. Zojila Pass tunnel in Jammu and Kashmir:
- It is one of the key projects that the NDA government wants to launch during its tenure.
- The ₹6000 crore project aims to provide all-weather connectivity between Kashmir and Ladakh which remains cut off from the rest of the world during winters.
- The project has been bid several times but has been in controversy due to either no bidders coming forward or charges of “favouritism
8. Mumbai Trans Harbour Link
- MTHL is an under-construction sea bridge connecting the Indian city of Mumbai with Navi Mumbai.
- This sea bridge is the longest bridge of country with 22.5km freeway grade road.
- The Mumbai Trans Harbour Link (MTHL) will be ready by 2019. The project is estimated to cost ₹18,000 crore.
9. INLAND WATERWAY
- The government has plan inland waterways on the river like Ganga, Brahmaputra, and Mahanadi.
- It is spending around ₹4000 crore to develop waterway facilities in Ganga and aim is to promoting waterways as a cheaper and eco-friendly way of transport.
- The multi-model terminal is built as part of Jal-Marg-Vikas project.
10. SAGAR MALA:
It promotes port lead direct and indirect development and provides infrastructure to transport goods to and from ports, quickly, efficiently and cost effetely. The government wants to implement it by May 2019.
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