Top upcoming mega projects in India with their budget
Here is the list of Top 5 upcoming projects in India, which will include all the necessary detail of all projects:
1. Shivaji Memorial
The Central Government has planned to build a grand memorial of Maratha King Chhatrapati Shivaji in Mumbai which said to be Top upcoming mega projects in India. The project is expected to cost around Rs 3,600 crores and will take 4 years to complete. The memorial will consist of a grand museum of Maratha Kingdom, a hall, a big garden with the mighty Shivaji’s statue in the center.
- Budget: Mumbai Trans Harbour Link- INR 21,600 crores & Shivaji Memorial- INR 3,600 crores
- Completion Date: Mumbai Trans Harbour Link – End of 2019 & Shivaji Memorial – 2021
2. Sagarmala Project
Sagarmala Project is to decrease coordination’s cost for EXIM and residential exchange with an insignificant foundation venture. It is Improving fare intensity by creating a port and advancing the time/cost of the EXIM compartment movement.
It was launched in Karnataka by the Ministry of Shipping on 31st July 2015, with a total budget of Rs 7.9 lakh crore. Sagarmala project’s aim is to utilize India ’s long 7,500 km coastline and promote port-led development in the country. The Indian government has also planned to make inland waterways on rivers like Ganga, Brahmaputra, and Mahanadi. Sagarmala program vision is to connect the road, air and rail transport to the ports easily so as to achieve an easy and economical way of transport.
Under this project, six new ports are to be made in 5 different states like Tamil Nadu, West Bengal, Maharashtra, Odisha, and Karnataka. After it gets completed, the import of raw material and the export of finished goods will be easy and efficient. The project will help all the coastal states and the industries located in the states to grow at a faster rate. This is one of the biggest in Top 5 upcoming projects in India.
- Budget: INR 7.9 lakh crores
- Completion Date: 2035 (Expected)
3. Bharatmala Project
Bharatmala, one of the Top upcoming projects in India is another umbrella program for the highways sector that focuses on optimizing the efficiency of cargo and traveler development the nation over by crossing over basic framework holes through viable intercessions like the advancement of Economic Corridors, Inter Corridors, and Feeder Routes, National Corridor Efficiency Improvement, Border and International availability streets, Coastal and Port network roads and Green-field freeways. This exciting project holds the 4th position in our list of top 5 upcoming mega projects in India.
Under the project, the Government of India has planned to link Gujarat to Mizoram with a national highway. Bharatmala budget is around Rs 14,000 crores and expected to get completed in the next 5 years. The Government has also planned to link the coastal states from Maharashtra to West Bengal by road network. In this way, the roads will appear like garland on the map of our country thus, the name has been given as Bharatmala to the project.
The total length of the road is to be constructed under this project is 24,800km alongside India’s borders, coastal areas, ports, religious and tourist places.
- Budget: INR 14,000 crores
- Completion Date: Phase I – 2022 & Phase II – 2024 (Expected)
- Bharatmala project map: Gujarat to Mizoram with a national highway & coastal states from Maharashtra to West Bengal by road network
4. Inland Waterways
Inland Waterways Authority of India (IWAI), anticipating an increase in cargo traffic, plans to purchase 8-10 inland cargo vessels to operate on two key waterways – the Ganga and the Brahmaputra.
Following the Government’s push to this mode of transportation, it expects there will be a demand for 150-200 barges/vessels on the Ganga (National Waterways 1) in the next 3-4 years.
Cargo traffic on the two waterways, called the National Waterway 1 and 2, is expected to double to around 65 million tonnes as inland water transport is the efficient, economical and environment-friendly mode for transportation, according to an IWAI official.
The authority plans to procure vessels suited to the existing fairway developed and maintained by IWAI at National Waterways 1 and 2 initially.
This is to demonstrate its competitiveness vis-à-vis rail and road and to create awareness among shippers, vessel operators, and investors on the potential of the IWT system.
5. Gujarat-Gorakhpur Gas Pipeline
State-owned Indian Oil Corp (IOC) plans to lay the nation’s longest LPG pipeline from the Gujarat coast to Gorakhpur in eastern Uttar Pradesh to cater to a growing demand for cooking gas in the country.
IOC plans to import LPG at Kandla in Gujarat and move it through the 1,987-kilometer pipeline to Gorakhpur via Ahmedabad (in Gujarat), Ujjain, Bhopal (in Madhya Pradesh), Kanpur, Allahabad, Varanasi, and Lucknow (in Uttar Pradesh).
The pipeline will carry 3.75 million tons per annum of LPG, IOC said in an application to the sector regulator PNGRB seeking approval for the pipeline project.
LPG will be fed into the pipeline at Kandla port as well as IOC’s Koyali refinery in Gujarat.
This will be the biggest LPG pipeline in the country.
GAIL currently operates a 1,415-km line from Jamnagar in Gujarat to Loni near here. The line carries 2.5 million tons of LPG annually.
GAIL also has a 623-km Vizag-Secunderabad pipeline. IOC also has a 274-km pipeline from Panipat in Haryana to Jalandhar.
The above is the list of Top upcoming mega projects in India and the government is trying to finish it as soon as they can so that these projects help to contribute to the Indian economy.
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