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Nitin Gadkari, Union Minister for Road Transport & Highways, stated on Tuesday that India's network of national highways, at 1.45 lakh km, is now the second largest in the world after that of the United States. It has grown by 59% over the past nine years of the Modi government.
Gadkari added that toll revenue increased from Rs 4,770 crore in 2013–14 to Rs 41,342 crore in FY23. At a news conference in Delhi, he discussed the accomplishments of the nine-year NDA administration. According to Gadkari, the government wants to grow toll revenue to Rs 1,30,000 crore by 2020.
The use of FASTags has contributed to a 47-second waiting time at toll plazas, and different initiatives to further reduce this time to under 30 seconds are under progress, he stated.
According to a paper released by the government, the waiting period is expected to be totally eliminated by the year 2047. He added that the length of the 4-lane NH had nearly doubled over the previous nine years, from 18,371 km in 2013–14 to 44,654 km today. Gadkari urged investors to think about investing in the NHAI INviT, which provides an alluring interest rate of 8.05 percent, exceeding rates offered by conventional banks.
