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India’s national highway network, which covers an area of 1.45 thousand square kilometres, is now the second largest in the world after the United States, said Nitin Gadkari, India’s union minister for roads, and has increased by 59 percent in the last nine years of the Modi government. Transport and highways on Tuesday.
Gadkari also said that revenue from fees rose to Rs.41,342 crore in FY23 from Rs.4,770 crore in 2013-14. Speaking on the achievements of the nine years of the NDA government, at a press conference in Delhi, Gadkari said the government aims to increase fee revenue to Rs 1.30 lakh crore by 2020.
He indicated that the use of FASTags helped reduce waiting time in traffic yards to 47 seconds, and various measures are being taken to reduce it to less than 30 seconds.
It is envisaged that waiting time will be completely eliminated by 2047, according to a document shared by the ministry. He also said that in the past nine years, 4-lane NH has almost doubled to 44,654 kilometers from 18,371 kilometers in 2013-14. Gadkari urged investors to consider investing in NHAI INviT, which offers an attractive interest rate of 8.05 percent, surpassing the rates of conventional banks.
(with PTI input)
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