About highways, Gadkari said revival is underway in the sector that was left in the lurch by the UPA government, and the public-private-partnership (PPP) mode is also picking up.

"There were discussions that PPP is not possible in the country as last year only five projects had come. But in the last three months only we have approved 9 big PPP projects. We are doing 17 projects on hybrid model," he said.

Projects worth about Rs 13,500 crore have been awarded so far this fiscal in sharp contrast to barely Rs 6,300 crore projects awarded in 2014-15. The number of PPP projects awarded was only two in 2013-14.

Gadkari said financing has never been an issue in the Highways Ministry and it has 112 projects completed through government funds to be sold to foreign insurance and pension funds.

"The ministry has 112 projects, completed through government funds, which have been earmarked for selling to foreign insurance and pension funds," he said.

He had recently said that many foreign funds were ready to extend funding of Rs 2-3 lakh crore on 0.50 per cent interest.

"The Ministry has Rs 42,000 crore budgetary allocation. It can also raise Rs 70,000 crore from tax exempted bonds besides we have annual toll collection of Rs 7,000-8,000 crore. If we securitise these for 15 years, we can get Rs 1,20,000 crore," he said.

Addressing highways equipment manufacturers, Gadkari said innovation and technology were key to faster economic growth and his Ministry will "form in eight days a Council" which will analyse and give nod to new technologies and innovations recommended through organisations like Central Road Research.

He also urged the manufacturers to collaborate with local ITIs for skill development as there was tremendous scope of skilled manpower.

Besides, he asked them to manufacture green-fuel friendly vehicles and said that a radar system would be introduced for road asset management.

On new highway projects, Gadkari said the pace of construction will pick up and many state highways would be converted into National Highways.

He asked states to convert district roads into state highways to contribute to the national growth.

On the Shipping sector, he said some of the existing vessels can be converted into LNG ships, as the government is planning to build LNG-based water ports.

He said a Bill to convert 101 rivers across the nation into waterways will be introduced in the upcoming Parliament session as India lacked this cheaper mode of transportation.

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