Union Road Transport and Highways Minister Nitin Gadkari said total length of the National Highways in the country increased by about 59% in the last nine years. As a result of this expansion, India now has the second largest road network, after the US.
Addressing a Press Conference in New Delhi Gadkari said: “Total length of National Highways was 91,287 km in 2013-14, which increased to 1,45,240 km in 2022-23, which is a rise of more than 59% during this period.”
He also said that, in the last nine years, the increase in 4 lane NH rose about two times. In 2013-14, this length of 4 lane NH was 18,371 km which has increased to 44,654 km in the last nine years.
Gadkari said with the introduction of FASTag, there is significant jump in the toll collection. The minister further informed that the revenues from tolls rose to Rs 41,342 crore in 2022-23 from Rs 4,770 crore in 2013-14. The Government aims to increase the toll revenue to Rs 1,30,000 crore by 2030, Gadkari added.
Gadkari said the waiting time at toll plazas has also reduced as a result of this. “In 2014, the waiting time at the toll plazas was 734 seconds, whereas in the 2023 this has reduced to 47 seconds. We are hopeful that we will bring it down to 30 second soon,” he said.
The Minister spoke about transformative impact of FASTag on travel experiences in India, saying it has revolutionised the concept of toll payments, eliminating the need for cash transactions. This breakthrough has saved approximately Rs 70,000 crore in wasted fuel expenses caused by waiting at the toll plazas, according to a research.
Gadkari said special emphasis is being laid on the expansion in road highway network in the North East region, saying projects worth more than Rs 2 lakh crore are being carried out in the region. He also said 670 road side facilities are being developed with a view to provide a pleasant experience along the NHs.
The Minister said under the NHAI’s INVIT (Infrastructure Investment Trust) model, a bond issue was launched and garnered tremendous response. Within the first day of its availability on the Mumbai Stock Exchange, the bond witnessed seven times oversubscription. Shri Nitin Gadkari urged investors to consider investing in NHAI INVIT, which offers an attractive interest rate of 8.05 per cent, surpassing traditional bank rates.
Additionally, he said, the NHAI achieved seven world records, showcasing their commitment to technological advancements and their ambition to position India as the second-largest road network in the world, after the USA.
On the issue of green initiatives, Gadkari said NHAI transplanted more than 68,000 while it planted 3.86 crore trees during in the last nine years. Talking about water rejuvenation initiatives, he said the NHAI has developed more than 15,00 Amrit Sarovars along the National Highways across the country.
