Roads & Highways

India with a total road network of 5.5 mn Km comprises of national & state highways and urban & rural roads. National highways account for 2% of the total road network and carry over 40% of total traffic. The Government of India has given a massive push to infrastructure by allocating about $1.4 Tn for infrastructure to be invested until 2025. The government has forecasted an investment of $350 bn towards road infrastructure in the North-East region of India during 2020-2025. The market for roads and highways is projected to exhibit a CAGR of 36.16% during 2016-2025, on account of growing government initiatives to improve transportation infrastructure in the country. Almost 40% (824) of the 1,824 PPP projects awarded in India until December 2019 were related to roads.

The highways sector in India has been at the forefront of performance and innovation. The government has successfully rolled out over 60 projects worth over $10 bn based on the Hybrid Annuity Model (HAM). HAM has balanced risk appropriately between private and public partners and boosted PPP activity in the sector. The Government, through a series of initiatives, is working on policies to attract significant investor interest. A total of 200,000 km national highways are expected to be completed by 2022.

It is important for India's infrastructure to gear up for the future by developing roads and highways of the global standards. This Council aims to focus on promoting new technology amongst the industry and work with Government to create an enabling framework for private sector to partner with Government in development of road infrastructure projects and also support the Government in developing roadmap for the industry

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