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And the rest of Rs 1.57 lakh crore will be spent on the construction of 48,877 km of roads by the state-run National Highway Authority of India (NHAI) and the ministry of road transport and highways.
The centre's proposal to invest Rs6,92,000 crore for developing about 83,000 km of roads in the country has given a big boost to shares of most infrastructure companies in the morning trade today with shares of companies in the road sector zooming up to 7 per cent.
Addressing a press conference here on Wednesday Mr Gadkari said the work on project preparation was in advanced stage for 19,500 km and about 9,000 km bids were invited for engagement of consultant for preparation of Detailed Project Report (DPR).
Gadkari said the programme envisages improving the efficiency of the National Corridor (Golden Quadrilateral and North South-East West Corridor) by decongesting choke points through lane expansion, construction of ring roads, bypasses/elevated corridors and logistics parks at identified points.
The Bharatmala project will improve the connectivity with neighbouring countries for which a total of 24 integrated checkpoints (ICPs) have been identified. "India will have world-class roads on par with the USA and Germany and special emphasis has been accorded to providing quality roads on borders adjoining China and Pakistan, besides far-flung tribal areas", he said. Bharatmala will integrate Bangladesh-Bhutan-Nepal and Myanmar-Thailand corridors to make a North-East hub of East Asia.
Bharatmala will also have a positive impact on the Logistic Performance Index (LPI) of the country.
Iraqi forces enter Kirkuk as Kurds flee
U.S. officials said they were "engaged with all parties in Iraq to de-escalate tension". Before 2014, the Iraqi government extracted and exported oil from Kirkuk's fields.
Tejas train food lands 25 passengers in hospital
The train, that was travelling to Mumbai from Goa had to be halted when passengers started feeling uneasy after having breakfast. Ambulances were requisitioned and they were admitted to a local hospital and are under observation, IRCTC stated.
"Bharatmala will give the country 50 national corridors, compared with six at present". With this, 70 - 80 percent of freight will move along national highway (NH) as against the 40 percent at present. "The entire programme will be transparent, corruption-free with full emphasis on quality".
Commenting upon the growth registered by the Indian ports, Gadkari said they will earn Rs60,000 crore profit in the current financial year.
"Money is not the problem", Gadkari said while stating that NHAI has a AAA rating which will help it tap the capital markets.
The Rs 6.92 lakh crore highway projects, approved by the Union Cabinet, will generate 14.2 crore mandays of jobs and also include Bharatmala project, an umbrella programme for roads under which 34,800 km of highways will be constructed at a cost of Rs 5.35 lakh crore, the Government said.
Bharatmala project will be funded through market borrowings, central road funds, monetising government-owned road assets, and budgetary allocation. While further talking about it, he added, "Bharatmala will lead to significant improvements in road safety and save lives".
The devastation from Ophelia left 360,000 people without power which was a result of trees falling onto power lines. Some transport disruption is likely, and short term loss of power and other services is also possible.
The school appears to be the first named after Obama in MS , and one of the first in the South in general. The Jackson school would be the 22nd one named after the 44th president, spread across 12 states.
Reacting to the revelations of Narendra Patel, the Patidar leader on Monday took a dig at the BJP in a chain of tweets. The BJP rubbished his charges and said it was a "drama" staged at the behest of the Congress.
Francis Coquelin offers experience in midfield, while Theo Walcott and Jack Wilshere tuck in behind Olivier Giroud . His blind back pass across Arsenal's goal was intercepted by Radonjic, but Cech pushed the shot over the bar.
Microsoft has rolled out this year's Xbox One Fall Update, providing gamers with more ways of customizing their console. It provides access to Sign-in, Achievements, Parties, Friends, Home, Messages, Broadcasts and a new Action Centre.
PM Modi said that Ayurveda is not just a medical practice, but encompasses public health and environment health as well. He said the time had come for a "health revolution" under the aegis of the traditional medicine system.
He was speaking alongside Canadian Prime Minister Justin Trudeau, who later said Canada was "braced" for Trump's unpredictability. Agriculture Secretary Sonny Perdue hinted the U.S. would be looking for increased access to Canada's dairy.
It will coincide with the 30th anniversary of the Great Storm of 1987, which hit southern England overnight on October 15. Forecasters predict that Ireland, Northern Ireland and western portions of Britain will likely bear the brunt of Ophelia.
WhatsApp has been a nerve center for millions of its users with its free encrypted chat and free voice/video calling features. According to a tweet by WABetaInfo , the Facebook-owned messaging app might roll out the feature in its next beta update.
Harford County Sheriff Jeffrey Gahler identified the alleged shooter Wednesday morning and says police are now searching for him. Prince was sacked from another job earlier this year after he attacked a co-worker, according to The Baltimore Sun .
Taylor Swift's New Single Is Here And It's 'Gorgeous'
"You're gorgeous ", she sings. "She teased the releases of previous singles " Look What You Made Me Do " and ". Watch the " Gorgeous " lyric video below. "You're so cool, it makes me hate you so much (I hate you so much)".
Geely Holdings, Volvo Invest Heavily In Polestar
A attractive GT with awesome technology packed into it - a great start for our new Polestar brand. Polestar Spaces will be standalone facilities and not within existing Volvo retailer showrooms.
Duchess Kate gives it a twirl with dancing bear Paddington
Hold on to your proverbial hats: Prince William and Kate Middleton have announced the due date for their third royal baby. The new baby will be the fifth in line to the throne, with Prince Harry - the child's uncle - being pushed into sixth.
Dominant India thrash Pakistan 3-1 in Asia Cup 2017
Stay tuned for all the live action! A win on Sunday will continue their unbeaten run going into the next round of the tournament. In the next minute, Harmanpreet sealed the fate of Pakistan hockey team making it 3-0 for Indians with a swinging flick.
Sri Lanka 'over the moon' after downing Pakistan in Dubai
Karunaratne forged a marathon knock off 405 balls, setting up a match-winning total in the first innings for the Lankans. Against a Pakistan attack missing Mohammad Amir, Sri Lanka collapsed to 96 all out in the space of 26 overs.
Trump administration to scrap Obama-era Clean Power Plan
Colorado has already set its own ambitious goals to reduce its greenhouse gas emissions outside of the Clean Power Plan. The Obama administration's Clean Power Plan aimed to restrict greenhouse gas emissions from coal-fired power plants.