Page 58 - Abhivruddhi

plans to reach up to 50 kilometer per day. This shows a huge potential for
infrastructure.
Highway construction in India increased at a CAGR of 21.40.4%
between financial 2016 and 2019. In financial year 2019, almost 10,800
kilometers of highways were constructed. With this rate of construction
achieved now, the Government of India aims to construct 65,000
kilometers of national highways at a cost of
5.35 Lakh crore by 2022 December.
By 2024 the Ministry of Road Transport under Mr Nitin Gadkari,
intends to build 60,000 kilometers of world class national highways at
the rate of 40 to 50 kilometers each day Last year the Government of
Maharashtra approved 173-kilometre-long outer ring road project worth
Rupees 26,800 crore in Pune to facilitate the infrastructure facilities in
and around Pune.

Smart Cities, Railways, Seaports
The 15th Finance Commission recommended almost 1077 million
dollar performance-based incentives, channeling money to various states
for new city incubation. Under this new scheme proposed, new city has
been allocated a budget of Rupees 1000 crore, and each state can only
have one new city under the proposed concept, along with the other
developed infrastructure. The facility of a smart city with advanced
infrastructure will help the local people of that state in multiple ways.
The Indian Railways recorded the highest loading in freight
transportation 1232 million tons in the year 2020-21. So with this peak
achieved, the freight revenue of Indian Railways increased and is on a
gradual rise. The quantum of Rail freight increase is 3.06 %. The Indian
Railways revenue increased at a CAGR of 2.57% in the year 2016 to
2019 and reached at 27.71 billion U.S. dollars in the year 2019. So the
gross revenue increased as far as the Railways, communication and
transportation is concerned
In March 2021, the Government announced a long-term plan to
invest in the country’s seaports. With an investment of 82 billion U.S.
dollars, 574 projects have been identified under the Sagarmala project for
implementation by 2035.
Through the Bharat Mala and Sagar Mala scheme the Government of
India is looking forward to massive infrastructure development which
will boost the economy of our Nation.

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