As government claimed, it has addressed most of the hurdles for constructing highways, would help companies and authorities to speed up the highway construction work in the country and meet the government target to increase national highways length to 2 lakh km by the end of this financial year.
Recently Road Transport and Highways Minister, Mr. Nitin Gadkari said, “We have addressed most of the problems like land acquisition and delays in forest and environment clearances… Now, it is expected that work in the highways sector will gain pace of expressways, we have potential to do work worth Rs 25 lakh crore”.
As government will increase its pace to construct highways, the huge amount of road construction equipment will be required to construct these highways, which is the good news for such manufacturers which manufacture equipment used for road construction.
Road Transport and Highways Ministry has decided to increase the national highways length to 2 lakh km by the end of 2016-17 which is now touched 1.55 lakh km from 97,000 km when this government came into power, claimed Mr. Gadkari.
The government has executed projects worth Rs 2.5 lakh crore during this period.
Recently Mr. Gadkari had announced that government would invest Rs 25 lakh crore in roads, ports and shipping sector, which would obliviously help the construction equipment market of the country as huge infrastructure development take place, the demand of construction equipment will climb.
In this financial year (2016-17) ministry has decided to construct 41 km of national highways per day from current nearly 16 km of per day.
This fiscal, government had decided to award 25,000 km of national highways as compared to 10,000 km in the last financial year. Last financial year, actual 6,000 km of highways had been constructed, which is nearly 36% of jump on year-on-year basis, claimed the ministry. Now government has raised the construction target of 15,000 km for this fiscal.
This is the harbinger of further growth in road construction sector.
As huge construction will take place in highways sector, especially equipment used for road and highways construction will be needed in huge number to construct these national highways in the ongoing financial year.
As we know road construction completes in three stages, these are rough grading, fine grading and surfacing, to complete these three phases of work three types of equipment will be required like Earthmoving machine, Road works machine and Lifting machine.
Equipment like Excavators, Loaders, Dozers, Graders, Scrapers, Asphalt mixing machines, Paver, Compactor, Cranes, Forklift Trucks, Concrete Plants, Redi-mix trucks, rollers and others will be in demand for the construction of road and highways.
Source: Information has been obtained from Government press note, PTI, Live Mint and Business Line