BHARATMALA PARIYOJANA

  • December 9, 2020
  • Posted by: OptimizeIAS Team
  • Category: DPN Topics
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Subject: Economy

Concept:

  • BharatmalaPariyojana is an umbrella program for the highways sector envisaged by the Ministry of Road Transport and Highways.
  • Under Phase-I of BharatmalaPariyojana, implementation of 34,800 km of national highways in 5 years (from 2017 to 2022) has been approved at an estimated outlay of Rs. 5,35,000 crore.
  • National Highways Authority of India (NHAI) has mandated the development of about 27,500 km of national highways under Phase-I.
  • However, as per ICRA Limited, Phase-I is likely to be delayed by four years due to the prevailing uncertainty due to Covid-19 and consequent impact on valuations.
  • ICRA Limited is an Indian independent and professional investment information and credit rating agency.
  • Phase-II envisages around 48,000 km of road network across India by 2024.

Features:

  • Improvement in the efficiency of existing corridors through the development of Multimodal Logistics Parks and elimination of chokepoint.
  • Multimodal Logistics Parks are a key policy initiative of the Government of India to improve the country’s logistics sector by lowering overall freight costs, reducing vehicular pollution and congestion, and cutting warehousing costs.
  • A chokepoint is a single point through which all incoming and outgoing network traffic is funnelled and hence, leads to congestion and traffic.
  • Enhance focus on improving connectivity in North East and leveraging synergies with Inland Waterways.
  • Emphasis on the use of scientific and technological planning for Project Preparation and Asset Monitoring.
  • Satellite mapping of corridors to identify up-gradation requirements.
  • Delegation of powers to expedite project delivery for successful completion of Phase I by 2022.

BHARATMALA PARIYOJANA economy