Road ministry to bid out BOT projects of up to Rs 2 lakh crore by March 2024: Gadkari

Posted on:
Key Points

Road ministry plans to bid out projects worth Rs 1.5 lakh crore to Rs 2 lakh crore on the build-operate-transfer (BOT) model before the model code of conduct comes into effect while moving to a GPS-based toll collection by March next year, road transport and highways minister Nitin Gadkari said..

The move is aimed at reducing traffic congestion and charging motorists for the exact distance travelled on the highways, Gadkari said at the annual conference of the Highways Operators Association of India (HOAI) on Wednesday...

Talking on the shift from engineering, procurement and construction (EPC) to BOT model, Gadkari said the government will bid out road projects worth Rs 1.5 lakh to Rs 2 lakh crore on the build-operate-transfer (BOT) model for highway projects less than 1000 km before the model code of conduct comes into effect...

Gadkari also said the ministry of road transport and highways has conducted two pilot projects of automatic number plate recognition systems (automatic number plate reader cameras) to enable automated toll collection without stopping the vehicles...

You might be interested in

Govt to introduce GPS-based highway toll collection system by March 2024: Gadkari

20, Dec, 23

New Delhi, Dec 20 (PTI) The government will introduce new technologies, including GPS-based toll collection systems, by March next year to replace existing highway toll plazas, Union minister Nitin Gadkari said on Wednesday. The move is aimed at reducing traffic congestion and charging motorists for the exact distance travelled on the highways. “The government is […]

National Highways to be pothole free by December this year: Nitin Gadkari

28, Sep, 23

The ministry of road transport and highways plans to shift from engineering, procurement and construction (EPF) model to build-operate-transfer (BOT) model and the hybrid annuity model (HAM) for government projects as the maintenance responsibility lies with the contractor in BOT mode. However, this will be applicable for projects above Rs 500 crore while the EPC mode will continue for construction of small patches.

Interim Budget for FY25 to be realistic: Official

15, Nov, 23

The government had budgeted total expenditure at ₹ 45 lakh crore for FY24, while its tax and non-tax revenue was pegged at ₹26.3 lakh crore. The government is sticking to its budgeted FY24 nominal GDP growth rate (10.8% upon the revised base) for now, he said, indicating that any change in the pace of expansion is unlikely to disrupt the fiscal deficit ratio target.

Great news! NHAI to start rolling out satellite-based tolling on national highways soon

20, Dec, 23

India Business News: Nitin Gadkari has told the Rajya Sabha that NHAI will roll out a satellite-based tolling system on national highways by March, 2024.

GST collections rise 10% to ₹1.72 lakh crore in January

31, Jan, 24

With overall collection reaching ₹16.69 lakh crore, GST collections register 11.6% Y-o-Y growth in 10-month period

GPS-based tolling plan faces privacy concerns, delays

25, Jul, 23

Officials at the ministry of road transport and highways are discussing ways to tackle privacy concerns surrounding the proposed tolling system and are seeking legal advice on potential amendments to existing legislation

PM Modi to inaugurate, lay foundation stones of projects worth Rs 12,600 crore in poll-bound MP

04, Oct, 23

Besides, for providing safe and adequate drinking water through individual household tap connections, Modi will lay the foundation stone of multiple Jal Jeevan Mission projects in Mandla, Jabalpur and Dindori districts worth over Rs 2,350 crore

Direct tax mopup surges 22.6% to Rs 16.68 lakh crore

12, Mar, 23

The collection is 96.7% of the budget estimate for FY23 and 83.2% of the upward revised estimate for the year, the Central Board of Direct Taxes (CBDT) said in a statement.

GeM is a digital tool in the national interest: Goyal

01, Apr, 23

GeM is a symbol of the speed with which PM Narendra Modi has taken the country forward through modern technology, said the minister.