Lok Sabha Question No. 1228 (UNSTARRED), answered on 2023-07-27
Subject: Highway Construction
Ministry: ROAD TRANSPORT AND HIGHWAYS
Asked by: Rita Bahuguna Joshi, Unmesh Bhaiyyasaheb Patil, Sujay Radhakrishna Vikhepatil, Heena Vijaykumar Gavit, Krishna Pal Singh Yadav, Shrikant Eknath Shinde

## be pleased to state:

- (a) whether the Government proposes to maintain the pace of highway development and construction of highways in the current financial year and if so, the details thereof;
- (b) whether the Government has been working on a plan for raising funds other than the way of Infrastructure Investment Trust and private sector is also likely to be included and if so, the details thereof;
- (c) whether the Government has data on the construction and award of highway projects for 2023-24 and if so, the details thereof particularly in Uttar Pradesh, Madhya Pradesh and Maharashtra;
- (d)    whether the Government has decided to formulate guidelines for signage and road markings to deal with blatant violations of lane driving on the Greenfield Highways Corridors and if so, the detail thereof; and
- (e)   whether the Government is following the globally best practice for signage and road markings and if so, the details thereof?

## GOVERNMENT OF INDIA

## MINISTRY OF ROAD TRANSPORT AND HIGHWAYS

## LOK SABHA UNSTARRED QUESTION NO. 1228 ANSWERED ON 27 TH  JULY 2023

## HIGHWAY CONSTRUCTION

## 1228.PROF. RITA BAHUGUNA JOSHI:

SHRI UNMESH BHAIYYASAHEB PATIL:

DR. SUJAY RADHAKRISHNA VIKHE PATIL:

DR. HEENA VIJAYKUMAR GAVIT:

DR. KRISHNA PAL SINGH YADAV:

DR. SHRIKANT EKNATH SHINDE:

## Will the Minister of ROAD TRANSPORT AND HIGHWAYS

सड़क परिवहन औि िाजमार्ग मंत्री

## ANSWER

## THE MINISTER OF ROAD TRANSPORT AND HIGHWAYS

(SHRI NITIN JAIRAM GADKARI)

(a)  Yes  Sir.  The  Ministry  has  set  a  construction  target  of  13,814  km  during  the current financial year for the development of National Highways. (b)  The Ministry raises funds for NHAI by Asset Monetization through TOT, InvIT and Securitization through SPV Model (like that for Delhi Mumbai Expressway). i.  TOT Model- Under this model, right of collection of user fee are assigned  to a Concessionaire selected through a bidding process for a specified period of 15-30 years against upfront payment of a lump-sum amount quoted by the Concessionaire. During the concession period, the responsibility for operations and maintenance of the road assets rests with the Concessionaire. ii. InvIT Model- NHAI has set up an InvIT under the SEBI InvIT Regulations, 2014, in which NHAI has 16% stake apart from main investors (CPPIB, OTPP etc.). InvIT is a pooled investment vehicle that issues units to investors, and has three entities for management of the Trust -Trustee, Investment Manager and Project Manager. The three entities have defined roles and responsibilities under the SEBI Regulations. iii.  Securitization  through  SPV  Model-  A  SPV  (100%  owned  by  NHAI)  has  been created for financing the Delhi Mumbai Expressway by bundling road assets under consideration and securitizing the future user fee from the road assets. NHAI has been a pioneer in Asset Monetization and its half a decade old programme has witnessed generation of more than Rs. 70,000 crore. (c)  The  Ministry  executes  projects  through  various  implementing  agencies  like NHAI, NHIDCL, State/UT PWDs, BRO, etc. During the current financial year, as on 30 th  June, 2023, implementing agencies have reported 611 km of award and 2,250 km  of  construction  across  the  country  including  the  states  of  Uttar  Pradesh, Maharashtra & Madhya Pradesh. (d) & (e) The Ministry has recently issued guidelines for signages on Expressway & NHs by incorporating best practices and international standards to offer improved visibility and intuitive guidance to the drivers. These guidelines have been designed to  offer  drivers  clear  and  concise  guidance,  warnings,  notices  and  regulatory information facilitating for seamless and safe journey on roads.

*****