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.
Chief Minister Yogi Adityanath and prominent saints have issued an appeal to the devotees who hav
The Israel-Iran conflict has reached a very dangerous point. On Sunday morning, the US attacked I
Kolkata Rains: Rains wreak havoc before Durga Puja, killing 7 people, disrupting normal life
Torrential rains lashed Kolkata and its surrounding areas overnight on Tuesday, disrupting normal
There's intense debate worldwide about whether US President Donald Trump will receive the Nobel P
Three cases including murder have been registered against Haryana's Gurmel who was arrested in th
Sonu Sood On Fateh: Why did Sonu Sood make 'Fateh'? Said- he spent two and a half months in one shot
Sonu Sood's film 'Fateh' hit the theaters on January 10. This film is directed by Sonu Sood and h
The news of the affair between Indian cricket star Hardik Pandya and British singer Jasmine Walia
Delhi Chunav 2025: BJP increased Arvind Kejriwal's tension, laid siege to New Delhi seat
This time, along with campaigning for the candidates on other seats in the assembly elections (De
The play of Jagat Niyantara Jagannath Mahaprabhu was completed on Monday at Janam Bedi. Today, Ma
More than a month has passed since the rape and murder of a female doctor at Kolkata's RG Kar Hos
