Hyderabad: For connecting the areas and maintaining a smooth flow of traffic government initiated the first phase of Bharatmala Pariyojana in 2017.
It is an umbrella program for the highways sector that focuses on optimizing efficiency of freight and passenger movement across the country by bridging critical infrastructure gaps through effective interventions like development of Economic Corridors, Inter Corridors and Feeder Routes, National Corridor Efficiency Improvement, Border and International connectivity roads, Coastal and Port connectivity roads and Green-field expressways.
Union minister for Road Transport and Highways Nitin Gadkari had announced the first phase of the scheme in the presence of Prime Minister Narendera Modi in 2017 with an estimated cost of Rs 5.35 lakh crore.
This umbrella project includes development of Economic Corridors, Inter-Corridors & feeder roads, National Corridor Efficiency improvement, Border & International connectivity roads, Coastal & port connectivity roads, Expressways, and some other ongoing projects.
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Some key features of Bharatmala Pariyojana
Around 65,000 km of national highways are to be constructed under the scheme. Under its first phase, the National Highways Authority of India(NHAI) will build 34,800 km of highways by 2022.
Land acquisition cost has exponentially increased over the last few years to around Rs 3.40 crore per hectare currently against Rs 90 lakh per hectare in 2013-14, as per ratings agency ICRA. Land cost alone accounts for more than 30% of the total expenses of NHAI, ICRA said in a recent report.
Awards for the phase-I of Bharatmala are expected to be completed by the Financial Year(FY) 2023, while execution is expected to be completed by FY25.