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New Delhi : Minister for Road Transport and Highways, Shipping, Water Resources, River Development and Ganga Rejuvenation Nitin Gadkari on February 27, 2018, said that the Highways and Shipping sectors in India today are financially very sound and offer tremendous investment opportunities under their respective flagship programmes – Bharatmala and Sagarmala, as also other ongoing programmes.
Gadkari said, while Rs 5, 35,000 crores are to be spent on Phase-I of Bharatmala over the next 5 years. Gadkari was delivering the keynote address at a curtain raiser event of the 3rd annual meeting of the Asian Infrastructure Investment Bank in New Delhi, according to a PIB release.
Emphasizing that this was the “Golden Time” to invest in the Road and Shipping sectors in India, Gadkari said that availability of funds is not problem for these sectors. The budgetary support, Rs 125000 crores expected from monetization of highways projects, the high market rating of organizations like NHAI and Cochin Shipyard, and the growing profit from the major ports which rose from Rs 3,000 crore three years back to Rs 5,000 crore last year are enough for the kind of investments planned, he said.
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