Bharatmala on the other hand plans to improve the connectivity (linkage to 550 districts) for economic corridors, for ease of transportation, increase exports, and bridge infrastructure gaps.
NHAI to raise INR 10,000 crores through Bharatmala Bonds.
After the Budget approval (2018-2019) by the Indian Govt. NHAI needs to raise and collect INR 62,000 crores by various means including Bharatmala Bonds.
Image by CurrentAffairs.Guide
What is Bharatmala Pariyojna?
Construction of largest highway project in connection with NHDP
National Highway Development Project (NHDP) had dedicated development of **50k km roads and highways throughout India.
Bharatmala on the other hand plans to improve the connectivity (linkage to 550 districts) for economic corridors, for ease of transportation, increase exports, and bridge infrastructure gaps.
Under Bharatmala Pariyojana, highways constructions and work worth Rs 8 lakh crore (let’s make it more interesting and put it in number, ₹ 8000000000000), will begin in late 2018.
Connectivity to remote locations of Tribal areas, tourist regions, trade routes, and border locations.
Bharatmala enables 50 national corridors, currently, we have only 6 corridors.
Efficiency in trade and grow 70-80 freight movement as opposed to currently at 40 percent.
Linkage to 550 different districts through Highway linkage.
The Bharatmala, a Total of 24,800 km of highways and roads are considered for Phase 1.
This also includes the remaining works of 10,000 km which were supposed to be completed under the National Highway Development Project (NHDP).
Merits of Bharatmala will have a direct impact on the Logistic Performance Index (LPI).
Phase 1 of Bharatmala Pariyojna is to be continued for over five years (from 2017-2018 to 2021-2022).
