Union Road Transport and Highways Minister Nitin Gadkari has said that India is becoming a global investment destination and the government is committed to providing a favourable policy framework. He also said to improve last-mile connectivity in remote locations, the road ministry has received proposals for 15 ropeway projects.
Gadkari also sought investments from global pension funds in India's road projects. He said ‘We can make logistic parks of worth Rs 2 lakh crore along the national highways in 2 years.’ He noted that his ministry is working on the second phase of Bharatmala Pariyojana that will go up to 2 lakh kms. He added that the government envisages building 34,800 kms of highways at a cost of about Rs 5.35 lakh crore under the ambitious Bharatmala Pariyojna Phase I.
The minister further stated that the road ministry is building 350 roadside amenities. He pointed out that the National Highways Authority of India (NHAI) needs to have a financial arm, where it can form joint ventures with companies like JPMorgan and finance road projects.
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