Bharatmala Pariyojana is an umbrella highway development programme. Prime Minister Narendra Modi-led Union government has formally approved the Phase-1 of one of India’s biggest highway development plan – the Bharatmala project. Under the phase-1 of the massive project, a total of around 34,800-km of roads at an investment of over Rs 5.35 lakh crores would be constructed by 2022.
Here are things you should know about the ambitious project:
- Government had identified 44 Economic Corridors for development or improvement under Bharatmala Pariyojana.
- Under the Phase–I of Bharatmala Pariyojana (project), it has been proposed to develop 9,000 km of Economic Corridors.
- NHAI has already awarded or is in the process of awarding 30 consultancy packages for preparation of detailed project report (DPR) of about 9,300 km roads included in Bharatmala Pariyojana comprising Economic Corridors, Inter Corridor, Feeder Routes, International Connectivity and Coastal Roads.
- Ministry had identified 208 sites for construction of Road Over Bridges (ROB) on National Highways under a separate Setu Bharatam Scheme of Ministry.
- The overall Bharatmala project is estimated to cost around Rs 10 trillion.
- The Public Investment Board (PIB) had approved the phase-1 of the project in June this year.
- Bharatmala project is likely to trigger the next wave of highway development in India.
- The Bharatmala project is also expected to boost the associated industries like cement and steel sectors and generate lakhs of jobs.
- The Bharatmala project will also benefit the freight and logistics industry. Along with the rollout of GST, the project will further facilitate in bringing down the logistics cost and make Modi government’s other schemes like ‘Make-in-India’ more competitive and attractive to investors.