India has The World's 2nd Largest Road Network
India with a total road network of 5.5mn Km comprises of national & state highways and urban & ural roads. National highways account for 2% of the total oad network and carry over 40% of total traffic. The construction of highways reached 9,829 km during 2017-18, with an alltime high average pace of 27 km per day. This represents 20% arowth over 2016-17, when 8,231 km of highways were constructed. During 2017-18,17,055 km road length was awarded as against 15,948 km in the previous year.
The construction of national highways entailed an expenditure of $ 18 bn during 2017-18. India has a well developed framework for Public-Private-Partnerships (PPP) in the highway sector. Asian Development Bank ranked India at first spot in PPP operational maturity and also designated India as a developed market for PPPs. The Govemment of India (Gol)is planning 10 expand the national highway network to over 200,000 km.
The Government launched the Bharatmala Pariyojana, which aims to build 66,100 km of economic cortdors, border and coastal roads, and expressways to boost the
highway network. Itis envisaged that the programme will provide 4-ane connectivty to 550 districts, Increase the vehicular speed by 20-25% and reduce the supply chain costs by 5-6%. The first phase of the programme will bring in $82 bn Investments by 2022 for the development of 34,800 km of highways.
A public-private partnership (PPP) is a project delivery model whereby private entities undertake large-scale engineering and construction projects, often on works with defined objectives and criteria under the supervision of a government agency for mutual benefit.
BOOT (build, own, operate, transfer) is a project that transfers the risk and responsibility for the design, construction and operation of a large public infrastructure to private developers.
IFET Infra Private Limited is Registered in Mumbai with Corporate Office in Delhi and Head Office in Mumbai.