The knowledge paper covers various pertinent issues, trends and expected future focus areas in the roads and highways sector in India.
India already has the second largest road network in the world. Still the government is targeting aggressive construction in the next five years. Government plans to construct ~60,000 km of highways in the next five years, at a rate of 40 km/day. This needs active involvement of the various stakeholders in the roads and highways sector. Government has also been taking a number of policy initiatives in the recent past. Presently, the focus is on construction of roads and highways. This is expected to continue over the next five to six years. Post that, efficient operations and maintenance of roads and enhanced service provisions to road users are expected to gain prominence. Multi-modal integration in passenger and freight transport is also expected to pick up. Priorities for the government also include road safety and increasing use of technology. Better utilisation of existing sources of funding and searching for new avenues are of key significance. New asset monetisation options like Infrastructure Investment Trusts (InvIT)s and securitisation of toll revenue are being considered. These steps are expected to be taken forward in a sustainable manner, keeping in mind green initiatives and increasing focus on e-mobility
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