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Arun Lakhani And The Highways
The national highways network of India is a network
of highways that is managed and maintained by agencies of
the Government of India. These highways measured over
100,087 km (62,191 mi) as of June 2016, including over
1,000 km (620 mi) of limited-access expressways (motorways).
Out of 1, 00,087 km of national highways 26,200 plus km are
at least 4 laned with the remaining 50,000 km 2 laned. Indian
government has set itself a target of construct and upgrade
30 km of highway per day (11,000 km per year) from 2017 and
all new construction will be using cement concrete instead of
bitumen. Arun Lakhani the Chairman and Managing Director of
Vishvaraj Infrastructure Limited saw this opportunity and
decided to venture out in the area of road transport. VIL main
aim is to create Sustainable, efficient & Accountable –
environmental services and infrastructure, with People
VIL India is of the view of keeping the company with the
Nation on Move. Roads, the predominant mode of
transportation in India carry almost 80 percent of the
country’s passenger traffic and 65 percent of its freight.
With a density of 0.66 km of highway per square kilometer of
land India’s highway network is similar to that of the United
States (0.65) and much greater than China’s (0.16) or Brazil’s
(0.20). India boasts of 3.3 million Kms of highways, with
80,000 Kms of National highways and 1, 31,000 Kms of State
highways. Indian roads experienced a 10.16% CAGR of growth
of vehicles in the last five years.
Vishvaraj Infra spotted this opportunity way back in 2000
and strategically decided to stay focused on BOT projects. It
made a humble start with the development of 8.3 Km Bypass
road on BOT basis, which was one of the first BOT
concessions awarded at that time. Those were tough times for
the industry with stiff resistance from key stakeholders i.e.
the commuters for paying toll for using the road. However,
the concept matured well over time and VIL completed 4
projects well within stipulated construction time, the
concession period for these range from 15 to 30 years.
Some of the projects: Development of 256 Lane Kms State
Highway Warora - chandrapur – Ballarpur, Maharashtra
Project, Development of 220 Lane Kms State Highway
Chandwad - Manmad – Nandgaon, Maharashtra Project,
Development of 225 Lane Kms State Highway Malegaon Manmad – Kopergaon, Maharashtra Project, Development of
Railway Over Bridge, Bhusawal, Maharashtra, Development of
River Over Bridge (Pinglai River), Tiwasa, Maharashtra,
Rehabilitation and up gradation of Goharganj to Bhopal of
NH12, Madhya Pradesh and the Fekri and VAPI over bridge