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Road Development

Road Development

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Published by Sanket Bhelose

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Published by: Sanket Bhelose on Apr 17, 2012
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04/17/2012

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Financing of NHDP
Total cost of NHDP has been estimated to be Rs. 54,000 Crores or US$ 13.2 billions whosecomponents are as below:-
 
Traffic on roads is growing at a rate of 7 to 10% per annum while the vehiclepopulation growth is of the order of 12% per annum.
 The Road density (km of road of land area) in India was reported at 129.00 in 2008, accordingto the World Bank. Road density is the ratio of the length of the country's total road network to thecountry's land area. The road network includes all roads in the country: motorways, highways,main or national roads, secondary or regional roads, and other urban and rural roads.This pageincludes a historical data chart, news and forecats for Road density (km of road per sq. km of landarea) in India. India's diverse economy encompasses traditional village farming, modernagriculture, handicrafts, a wide range of modern industries, and a multitude of services. Servicesare the major source of economic growth, accounting for more than half of India's output with lessthan one third of its labor force. The economy has posted an average growth rate of more than 7%in the decade since 1997, reducing poverty by about 10 percentage points.of over 90 players have pre-qualified for the NHAI projects indicating highly competitive scenarioprevailing in the sector.Many of the projects awarded in past fewmonths have received more than 10 bids with large variations in the top bids; also, majority of
these bids were significantly higher than NHAI’s expectation. The
variation in bids is likely to be because of differences in traffic estimates and traffic growthprojections for various players. However, recently there has been somemoderation in the practice of aggressive bidding, probably because of the prevailingmacroeconomic scenario that has made raising funds difficult
Competition

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