March 3, 2011 in Investment Sectors by admin

ROAD AND HIGHWAYS

India has one of the largest road networks in the world aggregating to 3.34 million Km.The country’s road network consists of Expressways, National Highways, State Highways, Major District Roads, Other District Roads and Village Roads. About 65 per cent of freight and 86.7 per cent passenger traffic is carried by the roads. The share of road in total traffic has grown from 13.8 per cent of freight traffic and 15.4 per cent of passenger traffic in 1950-51 to an estimated 65 per cent of freight traffic and 86.7 per cent of passenger traffic by the end of 2004-05. The rapid expansion and strengthening of the road network, therefore, is imperative, to provide for both present and future traffic and for improved accessibility to the hinterland.

During the year 2008 Department of Road Transport and Highways under the road sector, marked the following activities-

-Approval to the upgradation of 5,000 km under National Highway Development Project (NHDP) Phase IV-A.

-National Highways Fee (Determination of Rates and Collection) Rules, 2008.

-Modifications and additions to Phase ‘A’ of Special Accelerated Road Development Programme in North East (SARDP-NE)

-Finalization of a project for creation of National and State Registers of Registration Certificates and Driving Licences and,

-Recommendation for creation of a National Road Safety Fund.

BOT (Toll) Projects

So far, 82 projects have been taken up {(56 National Highway Authority of India (NHAI) + 26 Ministry of Shipping, Road Transport and Highways (MoSRTH)} valued about Rs. 23,104.31 crore on Built Operate and Transfer (BOT) basis (Toll based projects). Out of this, 34 projects (10 NHAI + 24 MoSRTH) have been completed and 48 projects are under progress.

BOT (Annuity) Projects

-25 projects covering a length of 1,376.22 km have been taken up on Annuity Basis and out of this 8 projects covering a length of 476 km have been completed.

-A high-powered Inter Ministerial Committee has been set up to approve and co—ordinate individual sub-projects under Special Accelerated Road Development Programme in the North Eastern Region (SARDP-NE). Committee has approved various sub-projects covering 664 km length at an estimated cost of Rs. 1613.00 crore under Phase “A” of the programme upto 29th February 2008.

-A total cess of Rs. 2.0 per litre on petrol and high-speed diesel is being levied. Rs. 8106.39 crore (Rs.6541.07 crore for National Highways and Rs.1565.32 crore for state roads) have been provided for National Highways and for state roads. Additional Rs. 0.68 crore have been allotted to the state roads from Gross Budgetary Support (GBS). An amount of Rs. 173.93 crore has been allocated during the year 2007-2008, for the development of State Roads under the scheme of Economic Importance and Inter State Connectivity (EI & ISC).

Sanctioned works on National Highways implemented by State PWD (January – November 2008)-

National Highway (Original) :

580 Nos. NH (Original) works amounting to Rs.3229.63 Crore have been sanctioned for the development of National Highways.

M&R works :

443 Nos. of Maintenance and Rehabilitation (M&R) works amounting to Rs.740.25 Crore have been sanctioned for the development of National Highways.

EI and ISC :

36 Nos. of works under Economic Importance (EI) and Inter-state connectivity (ISC) have been sanctioned at a cost of Rs. 333.66 crore.

Central Road Fund (CRF) Scheme:

759 Nos. works have been approved at an estimated cost of Rs.2947.90 crore.

FDI in Roads and Highways

FDI up to 100% under automatic route is permitted in projects for construction and maintenance of roads, highways, vehicular bridges, toll roads, vehicular tunnels, ports and harbors. ASC Investments supports the initiative of the Government of India and assists investors to invest in India in various upcoming sectors including but not limited to Roads and Highways, Real Estate, Power etc. We at ASC Investment Consultants assure you of providing 12% secured return and minimum 50-60% super profits which can be achieved in India by investing in sectors such as Real Estate, Infrastructure etc.