`India`s massive road building is for catching up with past`
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Last Updated: Friday, April 09, 2010, 15:56
  
New Delhi: India's massive road construction programme is not aimed at creating infrastructure for the future but it is only meant to catch up with the past, according to Transport Minister Kamal Nath.

"We are not building roads for tomorrow, we are catching up with the past," Nath said while speaking at the Global Construction Summit 2010 in New York on Thursday.

The Minister said India is focusing on use of advanced technology, services and equipment in the road construction sector and invited US companies to participate in these areas, according to an official statement.

Nath, during his visit to New York, also interacted with groups of CEOs and senior executives of a number of US finance, consultancy and investment companies as well as construction and equipment firms. He informed them of the opportunities generated by the resurgence of the Indian economy.

"The real potential of India's growth can be understood only if the median national age of 25 years and the prospective rise in disposable incomes of rural India are superimposed on the strong macro-fundamentals of the economy," he said.

The infrastructure deficit was the most important challenge that has to be overcome to unleash this potential, he added.

The Roads and Highway Ministry is adopting a 'stretch by stretch' approach to bring about connectivity of rural and district roads with the national highways, Nath said.

India has taken up the task of construction and improvement of about 54,000 kms of national highways under the NHDP (National Highways Development Project). It is estimated the project would cost about USD 80 billion in the next four years itself.

PTI


First Published: Friday, April 09, 2010, 15:56


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