Road building to attract Rs 5 lakh cr investment in 5 years: GadkariNew Delhi: A whopping investment of Rs. 5 lakh crore would be made in the road sector in the coming five years, Transport Minister Nitin Gadkari said.“In five years, there will be investment of Rs.
New Delhi: A whopping investment of Rs. 5 lakh crore would be made in the road sector in the coming five years, Transport Minister Nitin Gadkari said.
“In five years, there will be investment of Rs. 5 lakh crore” in the road sector, Gadkari said while inaugurating the eighth Rubber Expo and Tyre Show (IRE) here.
The minister said from building mere two km roads a day, the new government would build 30 km roads a day in two years.
Underlining the enhanced role of the private sector in infrastructure projects through public—private—partnership (PPP), he said the government would extend full support to the industry, including lowering of interest rates.
The government is taking a number of steps to boost infrastructure projects he said, adding, “We want to build more ports. We are going to increase the port capacity using the PPP route.”
Gadkari also said that the government is determined to significantly lower the number of deaths due to road accidents.
“This number at present is very high. There are five lakh road accidents. We want to improve quality of roads. We are sincere and determined to reduce accident deaths,” he said.
The Motor Vehicles Act is also being amended to make road journey safe and procedures simplified and transparent for licensing, and road permits etc, he said adding the government would encourage use of technology in making the road journey safe.