The highways ministry is considering to link the development of capital intensive expressway projects with real estate development in their vicinity. The ministry has mooted the proposal to allow residential & commercial complexes to come up close to the expressway alignment and the first such model could be tried on the Delhi - Jaipur stretch.
However, while central government will acquire the land for construction of expressways & allied facilities along the stretches, private players will have to get land in the vicinity for real estate projects. Government estimates suggest that construction of expressways would cost between Rs. 40 crore & Rs. 50 crore per kilometer.
The highways ministry put these proposals before top highway developers at a meeting held recently in the capital to push the greenfield expressway between Delhi & Jaipur. This stretch is likely to be a 230 km expressway and would be completely access controlled.
A similar model is being tried by Uttar Pradesh government in the case of Yamuna expressway connecting Greater Noida with Agra.
The highways ministry had been mulling over the idea to provide access to residential and commercial complexes along the proposed alignment to push economic development in adjacent areas.
The government has approved the construction of 1,000 km expressway under NH Development Programme - VI. These include Vadodara - Mumbai (400 km), Delhi -Meerut (66 km), Kolkata - Dhanbad (277 km) and Bangalore - Chennai (334 km).
In the 12th Five Year Plan (2012-17), the highways ministry plans to construct another 500 km expressway which includes the Delhi - Jaipur stretch.
Out of this 500 km, 200 km expressway would be built using budgetary support and another 300 km on PPP (public private partnership) mode.
However, while central government will acquire the land for construction of expressways & allied facilities along the stretches, private players will have to get land in the vicinity for real estate projects. Government estimates suggest that construction of expressways would cost between Rs. 40 crore & Rs. 50 crore per kilometer.
The highways ministry put these proposals before top highway developers at a meeting held recently in the capital to push the greenfield expressway between Delhi & Jaipur. This stretch is likely to be a 230 km expressway and would be completely access controlled.
A similar model is being tried by Uttar Pradesh government in the case of Yamuna expressway connecting Greater Noida with Agra.
The highways ministry had been mulling over the idea to provide access to residential and commercial complexes along the proposed alignment to push economic development in adjacent areas.
The government has approved the construction of 1,000 km expressway under NH Development Programme - VI. These include Vadodara - Mumbai (400 km), Delhi -Meerut (66 km), Kolkata - Dhanbad (277 km) and Bangalore - Chennai (334 km).
In the 12th Five Year Plan (2012-17), the highways ministry plans to construct another 500 km expressway which includes the Delhi - Jaipur stretch.
Out of this 500 km, 200 km expressway would be built using budgetary support and another 300 km on PPP (public private partnership) mode.
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