New Delhi, Union Minister for Road transport and Highways Nitin Gadkari has said that National Monetisation Program will build reliability and confidence in Developers and financing institutions as the identified projects are likely to be better prepared, exposure less likely to the risk given active project monitoring, management, and accountability. Addressing a virtual dialogue on ‘Transforming India’s Mobility’ he said Roads have the largest share in national monetisation plan at 26 percent with the target of one lakh sixty thousand crore rupees over 4 yrs.
The minister said Government is soon going to launch the National Master Plan of Prime Minister -‘Gati Shakti’. This scheme of more than 100 lakh crores rupees for holistic and integrated infrastructure development, will create huge employment opportunities. He said this year government has increased year-on-year infrastructure Capex by 34 % to Rs. 5.54 lakh crores, such increased investment in infrastructure would revive the economy and create employment in near future.
Gadkari said Prime Minister Narendra Modi has set a vision for India to become a 5 trillion dollar economy in the next five years. He said It is our firm belief that increased investment in infrastructure would not only create demand in the economy but also it would make growth – sustainable, equitable, and inclusive. He said It is proven that due to the multiplier effect, one rupee spent on infrastructure ends up as Rs. 2.5 in the economy. He said with this context, the government has provided the utmost importance to the development of world-class infrastructure in the country.
The minister said that a comprehensive strategy has been adopted for the development of roads with 100% FDI being allowed in the road sector. He said NHAI is planning to monetise roads majorly through two modes one is toll operate transfer that is TOT other is INvIT. He said since there have been good outcomes for NHAI from TOT, it will continue to progress the strategy with smaller bundles that meet the requirement of international and domestic players.
Gadkari said agriculture is our real strength and we are intended to diversify in energy and power sector,waste to wealth and waste to energy is very important.He said government has released the report of expertcommittee on road map for ethanol blending in India by 2025 which discusses the gradual roll out of20 percent ethanol blending in petrol by 2025. He said we are committed to delivering vehicles with flex engines that give the users an option to run a vehicle on either 100% petrol or 100% bio-ethanol.
Talking about road fatalities Gadkari said his vision was to achieve 50% reduction in road accident deaths by 2025 and Zero fatal accidents in the country by 2030 by taking various initiatives, policy reforms, and adopting the Safe Systems.He said to curb this complex problem, Ministry is restructuring and strengthening 4E’s of Road safety that is,
Engineering (Both Road and Vehicle Engineering)
Emergency Care Services
Regarding the Vehicle Scrappage policy the Minister said there is goodresponse and plan is of making at least one scrapping centre in one district and in some of the districts inbig cities there can be four or five centres.He said it is a win-win situation for all the stakeholders and will immensely benefit the automobile manufacturing industry.