The Bharatmala Program has been received with terrific enthusiasm and has been garnering significant financial aid. However, NHAI has decided to hike the alloted bond target of the project for FY19 to preserve the venture going. The authentic goal for the budget became finalized at Rs 62000 crores, Rs 52000 crores of that have already been raised in FY18. The Bharatmala Program is scheduled to accumulate approximately 60000 km of latest countrywide highways throughout the country, having an outlay of Rs 6.92 lakh crores.https://www.sattachart.com/
The Project is might be auctioned off in 4 programs or phases, phase I of which has already been auctioned off in March 2018. Phase I covers a stretch of nine national highways. Mr Gadkari stated that the Ministry will be awarding 50% of the tasks below Phase I by the stop of this 12 months. He additionally stated that a Detailed Project Report for the Bharatmala Program is underneath development, primarily based on which the amount with the aid of which the bond goal would be incremented is to be determined, which additionally includes an predicted fee of the desired lands. The completion of the DPRs and the final estimation of the new bond target is anticipated by way of August.