|
| New Delhi

Govt approved mass rapid electric transport in Budget, says Nitin Gadkari

Govt approved mass rapid electric transport in Budget, says Nitin Gadkari
The government will now be focusing on integrating transport by creating multi-modal transport hubs. Photo by Shah Junaid.
0

Transport minister Nitin Gadkari on Friday said the National Democratic Alliance (NDA) government has approved the ministry’s demand of creating a mass rapid electric transport system in the Budget 2017-18.

“For the first time, the government has given nod for the futuristic project. Following my visit to Davos, we have been in touch with firms that develop cost effective electric transport systems,” said Gadkari.

The Union minister for road transport, highways and shipping also said the government will now be focusing on integrating transport by creating multi-modal transport hubs.

“In Varanasi and Nagpur, we had appointed a consultant to conduct a feasibility study for multi-modal transport and they have submitted a presentation,” Gadkari added.

He also said the ministry is working on a scrapping policy for vehicles older than 15 years.

“We are working on a scrapping policy for commercial vehicles as old as 15 years. We are working out an arrangement where the owner of  an old vehicle will get a discount of around Rs.200,000-250,000 on purchase of a new one. So if anyone is buying a car worth Rs.1,500,000 he will have to shell around Rs.1,000,000 or so,” Gadkari said.

He added that the policy will lead to a 65% decrease in pollution.

Speaking on the shipping sector, the minister said the government is expecting an investment of Rs.15 trillion through the Sagarmala programme. Out of which Rs.4 trillion is expected from ports while Rs.8 trillion has been set aside for building industrial clusters.

He further added that the ministry has prepared a cabinet note seeking 5% allocation from the central reserve fund for inland waterways. 

 

Liked the story? Subscribe to our daily and weekly newsletter, InfraReads, to keep track of India's infrastructure space.