Speaking at the WITT summit of the TV9 network, Union Road Transport Minister Nitin Gadkari claimed that India's road infrastructure would be better than the United States in the next two years. With this, on the rising toll, Gadkari said that he was going to make a big announcement in the coming weeks next week. Along with this, Gadkari said that if they do not take a toll, the roads would not be at this pace.
Union Minister Nitin Gadkari recently stated in Parliament that he would soon build two-lains and four-lane highways of 25000 km and the highway will be made with the money. Gadkari also explained the whole mathematics of people's money and highway construction.
What is NHAI's annual budget?
Speaking at the WITT conference of TV9 network, Gadkari said that the annual budget of NHAI is Rs 3 lakh crore, but NHAI can make up to Rs 8 lakh crore every year, with the general public investing Rs 5 lakh crore, which is returned with interest. Gadkari said that in order to return money with interest to those who are taking money, we have to collect a toll on the highway.
How is the highway made of ordinary people's money?
Gadkari said that he could build a highway of Rs 8 lakh crore per year. Of which Rs 1 lakh crore is a government budget and Rs 1 lakh crore is from the citizens. He said that the money comes through an invitant share in the capital market. Let me tell you that NHAI offered shares in the name of India Highway Invit and received 7 times more subscription. Gadkari said that the money that NHAI receives from ordinary people is returned with a guaranteed interest rate of 8.05 percent. Also, interest on invested money is deposited in the investor's account every month.
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