The first also Nhai will skip the practice of choosing the lowest candidate to prepare detailed news of projects (DPR) on highways because they are trying to attract better consultants. In addition, the National Highway and the Infrastructure Development Corp. LTD (NHIDCL) will acquire a permanent cadre of staff for building strategic road projects along the Indian border.
The aim of all new policies was to build an international standard infrastructure and reduce the logistics cost of India that remain over a two -digit stamp, Gadkari said. “I am convinced that with the work we have done to improve mobility in the country, the country’s logistics cost would drop to a single -digit brand, which is around 9%by December this year,” he said.
MEGA-INVIT PLAN
Gadkari said that the problem of Nhai’s public invitation will leave 30-40% for retail investors this year, which is in line with £25,000 crore. Nhai’s Invits owns completed, road projects generating tolls and investors who buy their units will receive regular income from toll collections.
The first invitation of Nhai – National Highways Infrastructure Trust (NHIT) – provided retail investors with only one option of non -converted bonds (NCD). NCD released in October 2022 to increase £1 500 crore He had a 25% reservation for retail investors and came up with a coupon of 7.9% due half a year, which developed 8.05% of the investors a year.
Gadkari said that the decision to increase the participation of retail investors at the invitation of Nhai will be taken in the next two to three months.
Trust
Nhai launched NHIT, its first invitation in October 2021. So far has increased £43 638 Crore in four rounds to gain 2,345 km of highways assigned to him by Nhai. Four wheels were made in four years from FY22 to FY25.
Separately, the Ministry of Roads approved a new policy on DPRS on Wednesday, Gadkari said, retaining its goal to follow a quality road infrastructure.
DPR is a comprehensive plan for the project of road construction and outline all technical, financial and logistics details necessary for its implementation. Currently, a consultant is offering the lowest price or the so -called L1 candidate for granting the task of preparing DPRS.
According to the latest plan, DPR consultants will be selected on the basis of their technical qualification and experience. Development is important because it is a departure from the established practice of L1 offers, while lower quality DPR often accuses the poor quality of motorways and growing traffic accidents.
Qualitative transformation
“The aim is to perform a qualitative transformation of the sector to international par standards
Meanwhile, National Highways & Infrastructure Development Corp. LTD (NHIDCL), which builds strategic roads, creates its own cadre, said Gadkari, a step that could support the production of infrastructure along the borders. It will start with 1,000 employees belonging to the states where the roads are built. At present, NHIDCL workers consist of Nhai officials and other government departments.
This is in the background of the four -day conflict of India with Pakistan and the renewed focus of the center on the development of the border road infrastructure. India develops 1,560 km of border roads in Arunacal Pradesh, a high -speed corridor about 200 km in Meghalaya and road development projects based on the tunnel in Jammu and Kashmir.
Strategic road
After creating a new permanent cadre for strategic roads, the Minister said that this process was completed by the Union (UPSC) public service. Recruitment for the cadre would be made of people who come from earthly states such as Uttarakhand, Himachal Pradesh, Arunacal Pradesh, Meghalaya and the territory of Jammu and Kashmir Union.
“Infrastructure is very important for progress in any country. And our government, since 2014, has given the highest priority to the development of infrastructure in the country. Good infrastructure is the forerunner of the economy and gains investment in capital and industrial development.
(Tagstotranslate) nitin gadkari
