National Highways increased by about 59% in the last 9 years : Nitin Gadkari

NEW DELHI: Union Road Transport and Highways Minister Shri 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 nowhasthesecondlargestroadnetwork,aftertheUS.

Addressing a Press Conference in New Delhi ShriGadkarisaid:“TotallengthofNationalHighwayswas 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 thisperiod.”

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 inthelastnineyears.

Secretary MoRTH Shri Anurag Jain and NHAI ChairmanShriSantoshKumarYadavwerealsopresentat thePressConference.

Shri Gadkari said with the introduction of FASTag, thereissignificantjumpinthetollcollection.Theminister 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 Rs1,30,000croreby2030,ShriGadkariadded.

ShriGadkarisaidthewaitingtimeattollplazashasalso reducedasaresultofthis.“In2014,thewaitingtimeatthe toll plazas was 734 seconds, whereas in the 2023 this has reduced to 47 seconds. We are hopeful that we will bring it downto30secondsoon,”hesaid.

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.

Shri Gadkari said special emphasis is being laid on the expansion in road highway network in the North East region,sayingprojectsworthmorethanRs2lakhcroreare being carried out in the region. He also said 670 road side facilities are being developed with a view to provide a pleasantexperiencealongtheNhs.

The Minister said under the NHAI's INVIT (InfrastructureInvestmentTrust)model,abondissuewas launched and garnered tremendous response. Within the first day of its availability on the Mumbai Stock Exchange, the bond witnessed seven times oversubscription. ShriNitinGadkariurgedinvestorstoconsiderinvestingin NHAI INVIT, which offers an attractive interest rate of 8.05percent,surpassingtraditionalbankrates.

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.

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