Infrastructure for seamless connectivity
The World Bank has signed a US$500 million road project agreement to help integrate safe and green technology designs such as local and marginal materials, industrial by-products and other bioengineering solutions.
The Green National Highways Corridors Project will help reduce GHG emissions in the construction and maintenance of 783-km of highways, Finance Ministry said on 22 Dec 2020.
The loan is to build safe and green national highway corridors in the states of Rajasthan, Himachal Pradesh, Uttar Pradesh and Andhra Pradesh. It will also enhance the capacity of the Ministry of Road Transport and Highways (MoRTH) in mainstreaming safety and green technologies.
The Government is committed to environmentally sustainable development in its infrastructure projects, Dr. C S Mohapatra, Additional Secretary, Department of Economic Affairs, said after signing the agreement with the World Bank.
“This project will set new standards in the construction of safe motorable roads. The selected stretches in the states of Uttar Pradesh, Andhra Pradesh, Rajasthan and Himachal Pradesh will also help improve connectivity and promote economic development,” he said.
“This project will provide efficient transportation for road users in the four states, connect people with markets and services, promote efficient use of construction materials and water to reduce the depletion of scarce natural resources, and help lower GHG emissions,” said Junaid Ahmad, World Bank Country Director in India.
“Connectivity for economic growth and connectivity for sustainable development are two important aspects of a country’s development trajectory. This operation brings these two priorities together in support of India’s growth strategy,” he elaborated.
Sumila Gulyani, Acting Country Director, India, signed the loan agreement on behalf of the World Bank.
The ultimate objective of transport infrastructure is to provide seamless connectivity and reduce logistics costs. The Government has launched many investment programs in road sector infrastructure to strengthen and improve logistics performance.
This project will also support analytics to map the freight volume and movement pattern on the National Highway network, identify constraints, and provide innovative logistics solutions, said the Ministry.
Historically, the transport sector in India has offered limited employment opportunities for women. The project will support the ministry with an in-depth analysis of gender-related issues in the transport sector along with help in creating jobs for women by training women-led micro-enterprises and women collectives to implement green technologies in the highway corridors.
The National Highways of India carry about 40% of road traffic.
However, several sections of these highways have inadequate capacity, weak drainage structures and black spots prone to accidents.
The project will strengthen and widen existing structures; construct new pavements, drainage facilities and bypasses; improve junctions; and introduce road safety features. It is imperative that the infrastructure investments are climate-resilient. To this effect disaster risk assessment of about 5,000-km of the National Highway network will also be undertaken under the project along with support to the Ministry for mainstreaming climate resilience aspects in project design and implementation.
The US$500 million loan from the International Bank for Reconstruction and Development (IBRD), has a maturity of 18.5 years including a grace period of five years. #projects #tenders #loan #banking #investment #infrastructure /fiinews.com
