Road Transport and Highways Minister Nitin Gadkari on Tuesday said that the Hybrid Annuity Model (HAM) for completion of highway construction can be made flexible and market-driven.
What did Nitin Gadkari say about contractors
At present, under the HAM model, the government provides 40 percent of the project cost to the developer to start work, while the rest of the investment has to be made by the developer. Gadkari said at a program here that I believe that infrastructure should be developed by contractors only.
"Even if the contractor is ready to invest more than 60 percent of the project cost under the HAM model, why should the government always pay 40 percent? It is necessary to complete the construction of the highway and these proposals should be market-driven. - Nitin Gadkari"
What did he say about increasing toll collection?
Gadkari also said that the total toll collection in the country will increase by at least Rs 10,000 crore when electronic toll collection based on the Global Navigation Satellite System (GNSS) is implemented.
The total toll collection in India was projected to grow 35 percent year-on-year to reach Rs 64,809.86 crore in FY 2023-24. Gadkari also suggested that state transport buses should be exempted from paying tolls on highways.
'Trump sacrificed India-US relations for business in Pakistan', a big claim by the former NSA
Former US National Security Advisor (NSA) Jake Sullivan has made a sensational allegation against
Ranya Rao Case: Ranya Rao confessed her crime! Apart from Dubai, she traveled to these countries.
Recently, Karnataka actress Ranya Rao was arrested at Bengaluru airport in the gold smuggling cas
Amar Ujala had a special conversation with retired Army Air Defense Colonel Urvinder Singh about
Education Budget 2024: The Finance Minister can make big announcements for education, skill development, and employment, these are the expectations
The first budget of the third term of the NDA government led by Prime Minister Narendra Modi is bein
Sambhal DM Dr. Rajendra Pensia went to meet Sant Premanand Maharaj at his Shriradha Keli Kunj in
Union Home Minister Amit Shah appealed to the Naxalites to give up violence, lay down arms, and s
Hindi film industry's megastar Amitabh Bachchan has turned 82 today. Even at this age, he is acti
YouTuber Elvish Yadav, who is always in controversies, is again in the news due to another scanda
The Australian cricket team has made several changes to its team for the fourth and fifth Tests a
PM Modi: PM Modi praised Trump's peace efforts in Gaza, said- India will support every effort.
Prime Minister Narendra Modi has praised US President Donald Trump for leading the peace efforts
