Arun Lakhani And The Highways Projects
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 Participation.
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 Projects.