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ASSIGNMENT-6
Prepared by: Mangalam Gupta | Roll No: 20211024
6.1 Growth of Roads, Railways and Shipping in Coming 10 Years
Roads and Highways
Government of India has put up the target of achieving $10 trillion economy by 2030. For
this to make happen, government is planning to invest Rs 111 lakh crore under the National
Infrastructure Pipeline (NIP) for FY2019-25. The government has set a target of
constructing 60,000 km of roads and 23 new national highways in next five years and to
take the rate of highway-building from 32 km a day to 40 km. The government is trying to
implement PPP model in building roads and highways which will attract more investment
from corporate houses, global pension funds and FDI. Also the government aims to lease
out national highways to private players for operation and maintenance purpose which will
attract lease income for government. This is necessary to pace up the industrialization and
development of the nation which results in more employment.
Railways
Indian Railway network is growing at a healthy rate. In the next five years, Indian railway
market will be the third largest in the world and will become country’s biggest employers
as result more employment will take place. The government has announced two key
initiatives for seeking private investments running passenger trains by private operators
across the railways network and redevelopment of railway stations across the country. The
Indian Railway launched the National Rail Plan, Vision 2024, to accelerate implementation
of critical projects, such as multitrack congested routes, achieve 100% electrification,
upgrade the speed to 160 kmph on Delhi-Howrah and Delhi-Mumbai routes, upgrade the
speed to 130 kmph on all other golden quadrilateral diagonal (GQ/GD) routes and eliminate
all level crossings on the GQ/GD route, by 2024.
Shipping
Increasing investment and cargo traffic point towards a healthy outlook for the Indian ports
sector. The capacity addition at ports is expected to grow at a CAGR of 5-6% till 2022,
thereby adding 275-325 MT of capacity. Domestic waterways have found to be a cost-
effective and environmentally sustainable mode of transportation. The government is
planning to operationalize 23 waterways by 2030.
