NHAI seeks foreign investment ‘Green Expressway’ projects
This article was published on : July 29, 2019
The National Highways Authority of India (NHAI) has been trying its level best to attract foreign investors as the government has aimed at the creation of 22 ‘Green Expressways’ across the country. The investment is expected to be a whooping Rs 10 lakh crore in investment.
Union Minister for Road Transport and Highways Nitin Gadkari had recently invited Singaporean companies to invest in these highway projects and look at setting up logistics and industrial parks around them. The ministry is also planning to conduct many more road shows in Europe to attract companies willing to participate in the ambitious project. Conceptualised by Gadkari in 2016, the Green Expressway project is planned to boast eco-friendly features like solar powered lighting, rainwater harvesting, intelligent traffic management and extensive green cover to make the highways ecologically sustainable.
There are 8 solar power plants along this expressway having a capacity of 4000-kilo watt (4 MW). For plantations, drip irrigation has been used in the central median of the highway as well as for avenue plantation. Prime Minister Narendra Modi had inaugurated the project ahead of the elections and now 21 more such expressways are planned across the country.
Apart from this, there are also plans to plant 125 crore trees along the existing national highways, equal to the total population of the nation, which is expected to benefit the environment greatly. So far, ten states have already come on board and many large firms have shown a readiness to pitch in.