Thursday, June 11, 2020

Bharatmala Pariyojana delayed


The Bharatmala Pariyojana that was scheduled to be completed in 2021-22 is to be completed by 2025-26. The announcement of delay was announced by the rating agency ICRA (Investment Information and credit Rating Agency).

Highlights

  • The prevailing COVID-19 crisis could delay the asset monetization plan of National Highway Authority of India (NHAI). 
  • Until February 2020, Rs 2.38 lakh crores were awarded to Bharatmala Pariyojana scheme. 
  • The average cost awarded to the scheme was Rs 23.8 crores per km. 
  • This was 54% higher than the estimated cost of Rs 15.52 crore per crore.

Bharatmala Pariyojana

  • The scheme was launched for road construction in India. It gives special importance to projects connecting far-flung areas and rural areas.
  •  The scheme will build 4-lane highways, move 80% freight traffic, interconnect logistics parks. 
  • It will also connect 7 north east Multi-Nodal Waterway ports.

Waterway Ports

  • There are 111 Inland waterways in India. 
  • They were identified under the National Waterways Act, 2016. 
  • Out of the 111, 106 were created in 2016.

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