Page 36 - CV Aug-Sep 2023 Issue

The minister also spoke about day of its availability on the Mumbai has utilised 30 lakh tons of garbage in
transformative impact of FASTag on Stock Exchange, the bond witnessed road construction for the Delhi Ring Road
travel experiences in India, saying it has seven times oversubscription. Gadkari project, demonstrating a proactive
revolutionised the concept of toll urged investors to consider investing in approach towards waste management
payments, eliminating the need for cash NHAI INVIT, which offers an attractive and sustainable infrastructure
transactions. This breakthrough has interest rate of 8.05 per cent, surpassing development.
saved approximately ₹70,000 crore in traditional bank rates.
wasted fuel expenses caused by waiting Furthermore, he highlighted the
at the toll plazas, according to a Additionally, he said, the NHAI achieved introduction of bamboo crash barriers,
research. seven world records, showcasing their which provide enhanced strength and
commitment to technological durability while generating employment
Gadkari said special emphasis is being advancements and their ambition to opportunities and promoting
laid on the expansion in road highway position India as the second-largest road environmental sustainability. In line with
network in the North East region, saying network in the world, after the USA. On the government's commitment to a
projects worth more than ₹2 lakh crore the issue of green initiatives, Gadkari sustainable future, Gadkari unveiled a
are being carried out in the region. He said NHAI transplanted more than 68,000 vision for increased Electric Vehicle
also said 670 road side facilities are while it planted 3.86 crore trees during in adoption over the next five years,
being developed with a view to provide a the last nine years. Talking about water promoting clean energy and reducing
pleasant experience along the NHs. rejuvenation initiatives, he said the NHAI carbon emissions.
has developed more than 15,00 amrit
The minister said under the NHAI's INVIT sarovars along the national highways
(Infrastructure Investment Trust) model, a across the country.
bond issue was launched and garnered
tremendous response. Within the first The minister pointed out that the ministry

CONSTRUCTION VISION 34 AUGUST - SEPTEMBER 2023