As of March 31, 2024, nearly 50% of Bharatmala Pariyojana Phase-I has been completed. The entire phase is expected to be finished by 2027-28.
Vision 2047:
The Ministry of Road Transport and Highways aims to create high-speed corridors within 100-150 km of all citizens.
The Vision 2047 outlines the Master Plan for highway and infrastructure development in India.
Bharatmala Pariyojana
An umbrella program launched by the Ministry of Road Transport and Highways.
Phase-I was initiated in 2017, with a previous completion target of 2022, now extended due to delays and financial issues.
Part of the PM Gati-Shakti Plan, which also includes the Sagarmala project for port modernization and coastal shipping.
Funded through Central Road and Infrastructure Fund cess, remittances, budgetary support, national highway monetization, Internal and Extra Budgetary Resources, and private investment.
Coverage: 34,800 km across 31 states and UTs, impacting over 550 districts.
Key Features:
Economic Corridors:
Develops approximately 26,000 km of economic corridors.
Integrates Golden Quadrilateral (GQ) and North-South and East-West (NS-EW) Corridors to enhance freight traffic efficiency.
Inter-State and Feeder Routes: Enhances connectivity with 8,000 km of interstate corridors and 7,500 km of feeder routes for first-mile and last-mile connectivity.
Border and International Connectivity: Improves border infrastructure for trade facilitation with neighboring countries.
Coastal and Port Connectivity: Boosts economic development through connectivity to ports and coastal areas, fostering tourism and industrial growth.
Green-Field Expressways: Develops new expressways to alleviate traffic bottlenecks and improve traffic flow.
Way forward:
Secure raw materials at competitive rates and negotiate favorable terms with suppliers.
Streamline land acquisition with transparent practices and consider land pooling to minimize disputes.
Address impacts of tax changes through stable GST policies and coordination with government authorities.
