NEW DELHI: The National Highways Authority of India (NHAI) has laid down a roadmap for the construction of 23 new expressways and highways which are to come up by March 2025. Out of these, 3 Expressways- Delhi-Mumbai, Ahmedabad-Dholera and Amritsar-Jamnagar will be ready by March 2023. Nine more will be ready by March 2024 and another nine will get completed by March 2025.
According to the report prepared by the NHAI, the combined length of these expressways is almost 7,800 km which requires an investment of about Rs.3.3 lakh crore in the next 5 years.
These highways are being built across the country which will connect Solapur, Lucknow, Vizag, Chennai, Bengaluru, Surat, Solapur, Raipur, Kota, Siliguri and Kharagpur. Bidding for these projects will complete by next year.
These expressways are going to be greenfield projects, not just widening of old expressways. The aim is to build new expressways is to ensure seamless movement of cargo and people, including heavy vehicles.
At present, cargo moves on Indian roads by 400km/day, which is about 50% of the global standard. These new expressways and Highways have the scope of reducing the cost and time of cargo movement by up to 50%.
NHAI has proposed to set up a Special Utility Vehicle(SPV) to fund these projects. To start with, the NHAI has registered an SPV for the Mumbai-Delhi Expressway project.
The NHAI plans to recollect the investment by auctioning toll collection rights for 15-20 years to a private company and get the money upfront. The Authority aims to use this Toll Operate and Transfer (TOT) model for other highway projects if successful.