In the fiscal year 2023-24, the government in line with Prime Minister Gati Shakti-National Master Plan will prioritize and fast-track as many as 18 critical road infrastructure projects.
Over the next two years, the Centre is eyeing 67 critical road projects that would result not only in integrated infrastructure development but also improvement of logistics efficiency across the nation, a senior government official said.
One out of these 67 projects has already been completed, while four are under implementation, and the remainder 62 projects are under development. The government is looking to award these remaining projects by 2024-25, informed another government official.
As many as three projects are likely to be awarded in the current fiscal year, 18 in FY23 and 41 projects in 2024-25.
Separately, ahead of the Budget, the industry department has also asked infrastructure departments to get critical infrastructure-gap projects approved.
The increased focus on infrastructure projects is in line with the Gati shakti objective.
To identify ´critical last-mile and first-mile connectivity gaps, the Prime Minister Gati Shakti National Master Plan was announced by PM Narendra Modi in October 2021.
Spearheaded by the Department for Promotion of Industry and Internal Trade (DPIIT), the Gati shakti NLP is an integrated plan for providing multimodal connectivity infrastructure to various economic and social nodes.
The idea was to integrate infrastructure data from key infrastructure ministries -railways, road transport, ports & waterways, and civil aviation, among others -for integrated planning, monitoring, and reviewing of projects.
As per the official, the ministries have already started reaping the benefits of the integrated approach.
Source: Business Standard