`India`s massive road building is for catching up with past`

Last Updated: Friday, April 9, 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 9, 2010 - 15:56

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